Guinea vs. the United States

Haute has chosen Guinea, West Africa, to begin its operations in Africa.  Below you will find a comparison of Guinea vs. the United States, using data from the United Nations Development Program (UNDP) Human Development Reports website.  

If you are unfamiliar with the Human Development Index (HDI), the UNDP describes it as a "way of measuring development by combining indicators of life expectancy, educational attainment and income into a composite human development index, the HDI. The breakthrough for the HDI was the creation of a single statistic which was to serve as a frame of reference for both social and economic development."



Feel free to further explore UNDP data using the their StatPlanet interactive world data map.

The need for business education in Africa

1.  Development efforts in Africa must focus on “wealth creation”, not just “poverty reduction” (See my post "Poverty reduction vs. wealth creation"). 
2.  Businesses are the engines of wealth creation.
3.  Two requirements of a successful business: 
    a.  Affordable capital 
    b.  Skilled entrepreneurs 
4.  Access to affordable capital is increasing in Africa through microfinance and other initiatives. 
5.  Access to appropriate, practical business education is fragmented or non-existent in Africa. 
6.  Because business owners are unable to acquire the business knowledge and skills they need to grow their businesses and create jobs, Africa remains the poorest continent on Earth.