Know Your Rights

Property rights have long been considered one of the pillars of prosperity in the modern world. Property rights include  the right to use goods you own, the right to earn income from these goods, the right to transfer these goods to others, and also the right to enforce any of the aforementioned rights against infringement.

To work well, property rights must be defined and the possession of these rights enforced.

But, this isn’t always the case in most African countries, thanks to  very poor property rights regimes. The poor bear the brunt.

Property inherited without proper titled deed is dead capital, as the owners cannot make use of these properties as collateral for bank loans. A major way to tackle poverty in Africa will be to improve her property rights systems. Many conventional economists have other ideas.  Wage regulations by the government is one popular suggestion. While at face value, it may seem like a good idea for governments to dictate minimum wages, in reality these programs result in job loss because they increase the cost of labor, making low-skilled employees more expensive for employers to hire.

Kenyan entrepreneur June Arunga Kimani will introduce you to the concept of Property Rights on  SFLAcademy and how improved property rights could alleviate poverty in many African countries. . Check it out now!

Remember that you have to create an account on the website to be able to access the course.