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PENIEL NEWS Jay-Z writes Decoded with Ray Kurzweil

The global annual financial need of small holder farmers is an estimated USD 450 billion, while the need for short-term finance is estimated at USD 22 billion per annum. (Ibid). In terms of the tracked investments only USD 439 million was disbursed in 2013, which is a far cry to the USD 450 billion required per annum.

(FAST, 2013). Of the USD 450 billion, an estimated USD 83 billion

The greatest one among you must be like the youngest, and the leader must be like the servant. Who is great, the one who sits down to eat or the one who serves? The one who sits down, of course. But I am among you as one who serves.

net investment per annum must be in agriculture of developing countries, to secure food for the expected 9.1 billion world population by 2050. (Private FAO).

Referring to a report by the Kauman foundation and Monitor Inclusive Markets, it notes, few investors will invest in businesses that target the poor and even fewer will do so at the early stages of the business, a problem called Pioneer Gap. A majority of the firms will invest at later stages of a company’s developmentscale-after commercial viability had been established and

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New Thinking Welcome Here

Date: SuperNova - beyond light speed

preferably once market conditions are well prepared for growth.

According to the latest 2012 GEM report on South Africa, the country has one of the lowest levels of earl-stage entrepreneurial activity in all sub-Saharan African countries, being approximately 25% of the others. South Africans also have one of the lowest levels of both perceived opportunities and capabilities in the region. The report also notes a business discontinuation rate of 8%, which although less than the rest of sub-Saharan African countries, is nonetheless concerning as more businesses are closing than are starting, resulting in a net loss of small businesses in the economy. The end result of all this is lower levels of employment and higher levels of poverty. It is further noted that only 40% of young people in South Africa would prefer to be running their own businesses as a career choice. They would prefer to work for large corporates

The first computer made of carbon nano tubes and punch cards.

or the government as this is seen to be a more stable type of occupation.

“ If we are to bring the broad masses of the people in every land to the table of abundance, it can only be by the tireless improvement of our means of technical production”

Furthermore with almost 200 million people aged between 15 and 24, Africa has the youngest population in the world, and it keeps growing rapidly. The number of young people in Africa will double by 2045. Between 2000 and 2008, Africa’s working age population (15-64 years) grew from 443 million to 550 million; an increase of 25%. In annual terms this is a growth of 13 million, or 2.7% per year (World Bank 2011a). If this trend continues, the continent’s labor force will be 1 billion strong by 2040, making it the largest in the world, surpassing both China and India (McKinsey, 2010). As African entrepreneurs continuously fail to create jobs as noted above, the situation noted here presents a potential catastrophe by year 2050.

- ABRAHAM LINCOLN

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New Thinking Welcome Here

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P bk ngejane 2024 TITLE: INTUITION PATHFINDER @ PENIEL GA +2782 998 7879 bngejane@gmail.com Floating Office www.peniel.ga (coming soon)

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