Frank Buyanga has challenged young entrepreneurs to shun spending time seeking for funding but instead, concentrate working on creative ideas on how best they can harness vast resources on the continent.
Buyanga, who recently launched a gold medallion projects said young people across the continent need “to self-propel and rediscover who they are.”
“In Africa, we are the authors of the worlds destiny but we don’t know it, Africa today has the greatest resource apart from human capital, mining, and resources on the ground. Africans have the best the world has to offer but the only people who don’t know about this are Africans.”
Buyanga bemoaned what he called ignorance among African entrepreneurs, who are oblivious to the wealth in Africa.
The entrepreneur who was being interviewed in Johannesburg said: “The only people who are ignorant seem to be African but everyone else seems to know about the wealth in Africa.”
Buyanga who has been associated with South Africa’s top politicians said about 40% of the worlds gold came from South Africa but the country doesn’t regulate the prices of the commodity. We are price takers we are not price givers and that in itself is a problem.
Over 50% of all gold ever mined on earth came from the South African gold belt and the situation is set to continue after new gold discoveries in the country.
Last year, Harmony Gold Mining and White Rivers Exploration said they found a major gold deposit in South Africa’s Free State that could lead to one of the country’s first new mines for the metal in the last 25 years.
The resource contains 11.5 million ounces of gold at a grade of 8.9 grams per tonne of ore.