Casebook of indigenous business practices in Africa, Volume 2.: trade, production and financial services

Indigenous enterprise practices are an essential part of business success in Africa. The continent's unique and diverse culture, embedded in age-long practices, presents an interesting proposition for advancing indigenous knowledge and building sustainable business structures.

Cover -- Casebook of Indigenous Business Practices in Africa -- Introducation -- Casebook of Indigenous Business Practices in Africa: Trade, Production and Financial Services - Volume 2 -- Copyright Page -- Dedication -- Table of Contents -- About the Contributors -- List of Contributors -- Preface -- Acknowledgement -- 1. Introduction to Casebook on Indigenous Business Practices in Africa - Volume II Trade, Production, and Financial Services -- Abstract -- Introduction -- Culture and Indigenous Knowledge in Africa -- The Theory of Indigenous Knowledge Systems in Africa -- The Structure of the Book and Summary of Chapters -- Part 1: Indigenous Trade Practices and Production -- Part 2: Indigenous Financial Practices -- Part 3: Conclusions and Recommendations -- Conclusion -- References -- 1 - Indigenous Trade Practices and Production -- 2. Challenges of Indigenous Black Soap (Ọsẹ Dúdú) Entrepreneurs in Southwest Nigeria -- Abstract -- Introduction -- The Yoruba Ethnic Group and Indigenous Black Soap: A Brief Historical Overview -- Chapter Methodology -- Findings -- Socio-Demographics of Producers -- Socio-Demographics of Sellers -- Production Challenges of Ọsẹ Dúdú -- Weather Challenge -- Finance Challenge -- Spiritual and Antagonist Challenges -- Copyright Challenge -- Succession Challenge -- Sale Challenges -- Large Number of Sellers -- Debt Issues -- Lack of Support -- Financial Challenge -- Pricing Issue -- Competition From Other Soap Brands -- Discussion of Findings -- Summary, Conclusion and Policy Recommendations -- Policy Recommendations -- Case Questions -- Acknowledgement -- Notes -- References -- 3. Preparation for Business Negotiation at the Livestock Auction Market in Tanzania: The Case of Maasai Livestock Traders -- Abstract -- Introduction -- Literature Review -- Methodology -- Findings -- Negotiation Goals Setting.

Seeking Advice From Others -- Seeking Assistance From Relatives -- Apprenticeship Practices -- Conclusion -- Practical Implication -- Case Questions -- References -- 4. Sustainability of Indigenous Butchery Business in Ghana -- Abstract -- Introduction -- Butchery Business in Ghana -- Methodology -- Design and Context -- Selection Criteria and Interview Guide -- Results and Discussions -- Demographic Statistics -- Interview Results and Discussions -- Start-Up -- Sustainability -- Benefits and Opportunities -- Challenges -- Solutions -- Conclusion and Implications -- Limitations and Further Research -- Acknowledgement -- References -- 5. What Is Peculiar in the Sustainability Practices of Indigenous Female Business Owners in Uganda? -- Abstract -- Introduction -- Indigenous Entrepreneurship -- Business Sustainability -- The Uganda Indigenous Entrepreneurship Context -- Case for Indigenous Female Businesses Sustainability -- A Description of Three Case Studies -- Case Selection -- Case Profiles -- Case Data Gathering -- Case Data Analysis -- Ethical Considerations -- Best Practices Adopted by Female-Owned Businesses to Promote Business Sustainability -- Epstein and Yuthas (2012)'s Enhanced Cost-Benefit Analysis -- A Proposed Sustainability Scope Based on Insights of Indigenous Female Business Owners -- Discussion of Findings -- Theme 1: Programme Activities -- Theme 2: Sustainability Performance -- Theme 3: Stakeholder Reactions -- Theme 4: Operational Performance -- Theme 5: Monetary Benefits -- Recommendations for Business Actors in Africa -- Conclusion -- References -- 6. Informality, Control/Management Practices and Performance of Small Congolese Enterprises: A Focus on SMEs in the City of ... -- Abstract -- Introduction -- The Context -- Methodology -- Selected Companies -- Criteria for Selecting the SMEs -- Organisation of the Multi-Site Study.

Analysis of Interviews and Discussions -- Accounting and Finance Practices -- Ownership Structure and Organisation of Operations -- Leadership Style -- Impact of National Cultures and Value Systems -- Informal Practices, Cultural Values and the SMEs' Performance -- Conclusion -- Case Questions -- Note -- References -- 2 - Indigenous Financial Practices -- 7. The Ecosystem of Indigenous Savings and Credit Association in Sierra Leone: Entrepreneurial Success or Nightmare? -- Abstract -- Introduction -- Methodology -- An Overview of Traditional Indigenous Business Practice in Sierra Leone -- Theoretical Review -- ROSCAs Challenges in Sierra Leone -- Tawoponneh's Model of ROSCAs in Sierra Leone -- Provider of Funds -- Composition -- Goals and Objectives -- Membership Recruitment -- Services Offered -- Meeting the Needs of Members -- Meeting the Needs of the Community -- Building a Sustainable Model -- The Challenges -- Sustainability of ROSCA in Sierra Leone -- Financial Literacy -- Collaboration With Formal Institutions -- Discussions -- Conclusion -- Recommendation for Business Actors in Africa -- References -- 8. Structure of Indigenous Savings Groups in Nigeria: Cases and Implications for Business Actors -- Abstract -- Introduction -- Case Studies on Indigenous Savings Groups -- Case 1: Neighbourhood Weekly Rotational Savings (Ajo-Etile) in Abeokuta Metropolis -- Formation in an Unstructured Savings Group -- Money Disbursement Process -- Case 2: Monthly Rotational Savings Among Youth Corps Members in Ibadan -- Outcomes of Unstructured Practices -- Case 3: Association of Thrift Collectors (ATCI) Ibadan, Oyo State, Nigeria -- Context of ATCI -- Advantages of the Association -- Challenges -- Assessing ATCI's Relationship With Formal Financial Institutions -- Assessing Economic Outcomes.

Case 4: The Trust Fund Model and Savings Group Under the Agricultural Credit Guarantee Scheme -- Context of Trust Fund Model -- Establishment -- Features of the Model -- Modalities -- Impact of TFM -- Future Outlook -- Discussion -- Implications for Business Actors -- Conclusion -- Acknowledgements -- Note -- References -- 9. Exploring the Financial Literacy of a Chama Women's Group in Rural Western Kenya -- Abstract -- Introduction -- Pooling of Resources -- Chama Groups -- Informal Chama Women's Groups (ROSCA) -- Financial Literacy -- Indigenous Financial Knowledge -- The Interplays Between Financial Literacy and Informal Chama Groups -- State-Led and Market-Led Interventions -- Methodology -- Ethical Considerations -- Findings -- Financial Literacy of the Women's Chama Group -- Indigenous Pedagogies With the Potential to Support the Learning of Financial Literacy -- Recommendations -- Conclusion -- Case Discussion Questions -- References -- 10. Rotating Stokvel Model for Entrepreneurial Success in South Africa: Validation of Constructs from a Case Study -- Abstract -- Introduction -- Stokvel Model: Critique and Discourse -- Four Constructs of Stokvel Operations and Performance -- Stage One -- Stage Two -- Stage Three -- Stage Four -- Methodology -- Distribution of Samples by Location -- Result and Discussion of Findings -- Test of Normality -- Application of Stokvel Building Constructs in the Study Area -- Distribution of the Stokvel Building Constructs Across Categories of Location -- Conclusion -- Insight for Business Actors -- Acknowledgements -- References -- 3 - Conclusions and Recommendations -- 11. Internationalisation of Indigenous Agribusiness in Africa: The Case of JR Farms in Rwanda and Zambia -- Abstract -- Introduction -- Country Context -- Methodology -- The Beginnings at JR Farms -- Venturing Into Rwanda.

Partnerships and Value Addition -- Piloting on a Small Scale -- Leveraging Government Policies -- Expanding Into Zambia -- Rwanda Versus Zambia -- Social Branding -- Shaping the JR Business Model -- Indigenous Strategies -- Mapping the Future -- Recommendations for Agribusiness in Africa -- Conclusion -- Discussion Questions -- References -- 12. Advancing Africa's Indigenous Business Practices: Recommendations for Educators and Business Actors -- Abstract -- Introduction -- A Theory for Business Practices and Management in Africa -- The Theory of Indigenous Business Practice -- Summary of Findings -- Suggestions and Recommendations for Educators -- Suggestions and Recommendations for Business Actors -- The Role of Government and the Third Sector -- Conclusion -- References -- Index.