• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Code management brings million-dollar knowledge to Ghanaian entrepreneurs 

4 years ago
in Business, highlights, Home, home-news, latest News
2 min read
0 0
0
57
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Code management brings million-dollar knowledge to Ghanaian entrepreneurs 

According to the The Better Africa report, the failure rate for startups on the African continent between 2010 – 2018, was at 54.20% on average, with Ghana (73.91%) and Nigeria (61.05%) recording some of the highest failure rates. 

While there are multiple contributing factors to why businesses fail, companies like Code Management Group (CMG) are working to bridge the knowledge and funding gap for African start-ups.  

This past weekend, investment firm CMG hosted a dynamic speakers series event featuring William Adoasi, CEO of luxury watch brand, Vitae London, and moderated by Dentaa Amoateng, CEO of Ghana-UK Achievement Awards (GUBA).

The experience was an intimate conversation between moderator, Dentaa, William and the audience, where Adoasi answered questions and vulnerably shared business lessons and mindset-shifting advice. 

William urged African entrepreneurs to consider collaboration and intention whilst building their businesses. When discussing team building, he advised that teams should be built with intention, sharing that he achieves efficiency by structuring his team around his weakest areas.

He also encouraged start-ups to work together instead of working solo, in efforts to better position themselves for business opportunities on the continent.

RelatedPosts

UEFA Champions League: Five Exciting Fixtures to Keep an Eye on

BoG 2nd Deputy Governor Urges Firms to Move Beyond Tokenism in Promoting Women to Leadership Roles

Market Activity Slows as Prime Index Marginally Edges Higher to 7,340.08 Points

The Africa Development Bank further affirms Adoasi’s point that entrepreneurs are the solution to the future of the continent. A 2021 white paper released by the Bank recommended that, “entrepreneurship must be at the heart of efforts to transform Africa’s economic prospects.” 

Ghana, like the rest of Africa, is ready for a huge transformation that depends on collaboration. The African Export–Import (Afrexim) Bank in a 2020 report revealed that Africa’s recovery from the COVID-19 pandemic has not been as resilient as that of the Western and Asian economies. However, it is believed that a vibrant entrepreneurship ecosystem could enhance the recovery.  

Advising on business growth, William shared that “he’d rather have a smaller percentage of a bigger pie than have a larger percentage of a small pie.” This is one-way entrepreneurs can think about scaling their companies, he added.

Vitae London is a publicly owned company with shareholders and runs on a social enterprise business format, where a portion of a sale of each watch contributes to educating a child in Sub-Saharan Africa.

Entrepreneurs from Ghana and Nigeria, industry stakeholders and diaspora returnees packed out the space and got to interact with both Dentaa and William throughout the evening.

When asked what he thinks the future of Ghana will look like, Adoasi professed, “There are cities yet to be birthed”, urging startups to take their solutions seriously and to make their mistakes their biggest strengths and not see them as a failure.

Africa is the future of markets. According to the United Nations, by 2050 25% of the world’s population will be in Africa; a proof that local businesses will be a key part of the continent’s growth trajectory. 

For start-ups to be better positioned, Adoasi expressed, “Data is key,” encouraging African entrepreneurs to literally go to market to understand the environment, the customers and their desires. This process generates valuable data that can foster true business development, Adoasi stressed.

Vitae’s social entrepreneurship format is an example of how African businesses can meet the needs of societies. 

The event series is one of many solutions CMG will offer in Ghana and will continue its roll out throughout the year. On March 5, 2022, CMG will begin its inaugural four-month incubator in partnership with the Chinese Europe International Business School in Accra, Ghana and then Lagos, Nigeria.

The incubator will focus on building start-ups into investment ready companies, in efforts to generate global business opportunities for start-ups and international investors.

Tags: African Export–Import (Afrexim) BankAfrican start-ups.Code management brings million-dollar knowledge to Ghanaian entrepreneursCode Management Group (CMG)ghanaGhana UK Achievement Awards (GUBA).
No Result
View All Result

Highlights

US Open: Sinner Advances as Gauff and Swiatek Struggle

Unemployment Rate Falls to 13.1% but Youth Joblessness Remains Acute, Says GSS

Chamber of Mines Calls for Special Purpose Vehicle to Fund Western Corridor Railway Development

African Debt and Climate Change: How the ICJ’s Vanuatu Ruling Could be Used for Broader Justice

European Leagues Defend Plans to Stage Matches Abroad Amid EU Criticism

Bank of Ghana Sets Gold Coin Price at GHS 39,273 Per Ounce

Trending

Features

UEFA Champions League: Five Exciting Fixtures to Keep an Eye on

August 29, 2025

UEFA Champions League: Five Exciting Fixtures to Keep an Eye on The stage is set for the...

BoG 2nd Deputy Governor Urges Firms to Move Beyond Tokenism in Promoting Women to Leadership Roles

August 29, 2025

Market Activity Slows as Prime Index Marginally Edges Higher to 7,340.08 Points

August 29, 2025

US Open: Sinner Advances as Gauff and Swiatek Struggle

August 29, 2025

Unemployment Rate Falls to 13.1% but Youth Joblessness Remains Acute, Says GSS

August 29, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.