||Colin Powell, 65th United States Secretary of States
||"There are no secrets to success. It is the result of
preparation, hard work, and learning from
||In 2015, China was Africa's main export market and also
its largest source of imports. After 15 years of closer
trade ties, China accounted for about 20 per cent of
imports in Sub-Saharan Africa and about 15 per cent of
||Is the economic policy of not discriminating against imports from and exports to foreign jurisdictions. Buyers and sellers from separate
economies may voluntarily trade without the domestic government
applying tariffs, quotas, subsidies or prohibitions on their goods and
services. Free trade is the opposite of trade protectionism or economic
||World Bank Group
||Overall, approximately 70% of all micro, small and medium-sized enterprises (MSMEs) in emerging markets lack access to credit. While the gap varies considerably region to region, it’s particularly wide in Africa and Asia. The current credit gap for formal SMEs is estimated to be US$1.2 trillion; the total credit gap for both formal and informal SMEs is as high as US$2.6 trillion.
||The organization and coordination of the activities of a business in order to achieve defined objectives.
Business management is often included as a factor of production along with machines, materials, and money. According to the management guru Peter Drucker (1909-2005), the basic task of management includes both marketing and innovation. Practice of modern management originates from the 16th century study of low-efficiency and failures of certain enterprises, conducted by the English statesman Sir Thomas More (1478-1535). Business management consists of the interlocking functions of creating corporate policy and organizing, planning, controlling, and directing an organization's resources in order to achieve the objectives of that policy.
||Michael Jordan, NBA Hall of Famer
||“I’ve missed more than 9,000 shots in my career. I’ve lost almost 300 games. 26 times I’ve been trusted to take the game's winning shot and missed. I’ve failed over and over and over again in my life and that's why I succeed.”
||Gross profit is a company's total revenue (equivalent to total sales) minus the cost of goods sold. Gross profit is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Gross profit will appear on a company's income statement or can be calculated with this formula:
Gross profit = revenue - cost of goods sold
||Africa has the largest reserves of precious metals with over 40% of the gold reserves, over 60% of the cobalt, and 90% of the platinum reserves.
||"Success is walking from failure to failure with no loss of enthusiasm."
||Nigeria Bureau of Statistics
||Agricultural goods exports grew in value by 82% in the first quarter of 2017 compared to the last quarter of 2016