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Publication date: 16 August 2023

Abel Kinoti Meru, Mary Wanjiru Njoroge – Kinoti and Beatrice Matiri – Maisori

The rapid expansive growth of the Somali business community in many parts of the world has ignited varied debates on its significance and consequences. The Kenyan Somali Community…

Abstract

The rapid expansive growth of the Somali business community in many parts of the world has ignited varied debates on its significance and consequences. The Kenyan Somali Community are inhabitants of the northeastern region of Eastern Africa, traversing five counties, bordering the Somali and Ethiopian Republics, and include Somali immigrants from the diaspora. Interestingly, they also inhabit most cities and urban places in all parts of the country, running diverse businesses. The Kenyan Somali business community in the suburb of Eastleigh, Nairobi City County, are well-established despite numerous challenges and the impression of clandestine economic activities. However, close scrutiny of the Somali community yields a slightly different explanation – it is anchored on clan, trust, hawala (Somali money transfer system), pooled resources and social capital, derived from social networks such as family and friends, with commercial dealings rooted in trust, and shared responsibilities. In addition, the ability to access pooled financial resources at a reasonable cost, the presence of a trusted, flexible and motivated labour force coupled with a network with insider information, form key aspects of their practice. This chapter attempts to unearth positive elements of the Kenyan Somali business enterprise orientation, which, if incorporated into African business practice, presents a unique proposition for the continent's progress and prosperity.

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Casebook of Indigenous Business Practices in Africa
Type: Book
ISBN: 978-1-80262-251-5

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Book part
Publication date: 16 August 2023

Abstract

Details

Casebook of Indigenous Business Practices in Africa
Type: Book
ISBN: 978-1-80262-251-5

Book part
Publication date: 16 August 2023

Ogechi Adeola

A Casebook of Indigenous Business Practices in Africa is a collection of business case studies that expand understanding of how indigenous enterprises apply entrepreneurial…

Abstract

A Casebook of Indigenous Business Practices in Africa is a collection of business case studies that expand understanding of how indigenous enterprises apply entrepreneurial practices embedded in culture to achieve success. Indigenous methods are part of Africa's social and economic fabric, and these cases identify concepts and models that can accelerate growth in Africa. The value of these practices across regions of Africa cannot be overemphasised despite the dominance of Western business methods, which, though beneficial, are yet to drive the continent's developmental agenda. By exploring indigenous business practices in Africa, students, educators, practitioners, entrepreneurs and government decision-makers will be introduced to unique and sustainable practices that can foster inclusive growth and social and economic empowerment when contextualised within the business landscape. Identification of relevant orientations in indigenous practices that will benefit contemporary business frameworks and actors is a significant contribution of the authors of this book. Incorporation of these indigenous methods into management teachings and business practices is essential to the continent's economic growth and socio-cultural progress.

Details

Casebook of Indigenous Business Practices in Africa
Type: Book
ISBN: 978-1-80262-251-5

Keywords

Book part
Publication date: 16 August 2023

Ogechi Adeola

Africa is a vast, immensely diverse continent with hundreds of local languages, traditions, values, and cultures that shape the lives of its people. The vast resources available…

Abstract

Africa is a vast, immensely diverse continent with hundreds of local languages, traditions, values, and cultures that shape the lives of its people. The vast resources available on the continent present numerous opportunities for economic development and prosperity. The preceding chapters in this volume have explored many of these resources, highlighting the importance of indigenous knowledge in driving sustainable business structures across Africa. This chapter concludes with practical recommendations for implementing and sustaining indigenous knowledge on the continent and building a more equitable and sustainable future for Africa. We anticipate that these observations and recommendations will aid African researchers, government and non-governmental organisations, educators, business actors and leaders, legislators, and the general public in thinking globally but acting locally to advance indigenous knowledge in Africa.

Details

Casebook of Indigenous Business Practices in Africa
Type: Book
ISBN: 978-1-80262-251-5

Keywords

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