Africa’s ability to translate its growing youthful population into sustained economic growth will increasingly depend on its capacity to develop business leaders who can build, manage and expand enterprises capable of competing in regional and global markets.
This was the central message delivered by Ugandan youth development leader and entrepreneur Louis Kimuli at the SEED Business School Festival 2026 Tour held in Johannesburg, South Africa, on October 31.
The event, hosted at NH Johannesburg Sandton, brought together approximately 200 stakeholders, including prospective business school applicants and admissions directors from leading institutions such as Cambridge Judge Business School, Imperial College Business School, NYU Stern School of Business and Bocconi University.
According to organisers, the tour sought to expand access to international management education through scholarship opportunities exceeding $10 million, application fee waivers and the selective Golden Ticket initiative.
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Kimuli, who attended the event representing the Kimuli World Foundation, said access to opportunities should be accompanied by deliberate efforts to identify and pursue them.
“Opportunities must be actively pursued and created rather than waited for,” he said.
Kimuli’s remarks come at a time when several African economies are grappling with the challenge of translating their youthful populations into productive employment and sustainable enterprise development.
Uganda’s 2024 National Population and Housing Census estimated the country’s population at 45.9 million, including approximately 10.7 million people aged between 18 and 30.
However, the country’s youth population continues to face significant employment challenges. According to the Uganda Bureau of Statistics’ 2025 labour report, 42.6 per cent of people aged 15 to 24 were not in employment, education or training.
The challenge extends beyond Uganda. Kenya’s 2024 Economic Survey highlights the difficulties facing micro, small and medium-sized enterprises, while Tanzania’s SME sector continues to grapple with constraints relating to access to finance, business governance and market opportunities.
For Kimuli, the bigger concern is not simply the number of businesses being established across the continent, but their ability to survive, grow and create lasting economic value.
Uganda’s Fourth National Development Plan identifies business survival and enterprise development as significant challenges, noting that more than 60 per cent of enterprises do not survive beyond five years, with average business survival estimated at 4.8 years.
“Weak financial management, limited investment readiness, inadequate corporate governance and difficulties in scaling operations remain among the key constraints,” Kimuli said.
He argues that efforts to promote entrepreneurship should go beyond providing startup capital to include strengthening the management and leadership skills required to build sustainable businesses.
Kimuli’s intervention also raises a broader question about the role of international business education in Africa’s economic transformation.
Rather than viewing access to prestigious international business schools solely as an avenue for individual career advancement, he argues that such opportunities should contribute to strengthening Africa’s private sector and enterprise development.
“Business leaders with international exposure can contribute to stronger corporate governance and more sophisticated investment practices. But that contribution depends on whether African economies create the institutions through which such knowledge can be applied,” he said.
However, the potential benefits of international education come with a significant concern: brain drain.
Without deliberate efforts to retain skilled professionals and create opportunities for them to apply their knowledge at home, international scholarship programmes could inadvertently encourage more talented Africans to pursue careers abroad rather than contribute to enterprise development on the continent.
Business education analysts have similarly pointed to the importance of retention, knowledge transfer and local institutional support in ensuring that international exposure delivers meaningful economic benefits.
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SEED organisers say their engagement model seeks to address this challenge through returnee networks and partnerships with local enterprise support organisations.
For Uganda, the ultimate measure of success will be whether international exposure translates into stronger businesses, improved corporate governance, better financial management and enterprises capable of attracting investment and expanding across regional markets.
Kimuli believes Africa must move beyond producing entrepreneurs who simply establish businesses and focus instead on developing leaders capable of building competitive industries.
“Africa needs leaders who understand global supply chains. Elite education should empower entrepreneurs to stop exporting raw commodities and build regional manufacturing giants,” he said.
His message underscores a broader challenge facing African economies: transforming youthful ambition and entrepreneurial potential into productive enterprises that generate employment, strengthen local industries and compete in the global economy.