Knowledge@Wharton [free site, registration required] has some intriguing business articles in their Jan. 11 - Jan 24 online edition. Several are about the opportunities for entrepreneurs in Africa. In the article "In Africa, Opportunity Takes Many Shapes, from Diamonds to IT to Political Reform," panel speakers discussed the changing business culture in several African nations:
...Paa Kwesi Nduom, minister for public sector reform in Ghana, noted that his country had reduced inflation from as high as 45% in recent years to a current level of under 15%. "You are operating in an environment where there is a shortage of everything," said Oyebode, speaking for Africa as a whole. But for companies that succeed, he stated, return on equity can approach 50%.
A Nigerian lawyer, Gbenga Oyebode, in referring to "brain drain" to Western nations, observed that "[i]t may be better to be one of 30,000 lawyers (in Nigeria) than to be one of several million in the U.S." Another panelist noted that
Those who have remained or who never left...can enjoy a lifestyle that is more upscale than the lifestyles of executives holding similar positions in the developed world. He and other panelists predicted that the brain drain would reverse as more firms begin outsourcing to Africa.