The myth of indigenisation and economic empowerment in Africa

Indigenisation is one of the mechanisms governments the world over have used and relied upon to achieve some degree of economic empowerment for their people.

By definition it seeks to increase of local participation in or ownership of established entities. The bottom line is that colonialism was responsible for the creation foreign ownership of the means of production in most Third World countries that created invariably blatant economic, political and social imbalances that initially precipitated wars of liberation and ultimately a call to repossess the productive resources that had entrenched the colonial regimes in most third world countries.

So the process of indigenisation has been viewed as a great tool for economic empowerment, with the goal of restoring economic power to sections of the population that social discrimination processes had previously excluded from decision-making based on race and gender among others. While the terms have become trendy and popular in post-colonial Africa, their results have left much to be desired.

Editor's Comment
Women unite for progress

It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...

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