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In this video, the speaker discusses the concept of a joint venture as a flexible business arrangement, particularly valuable for African entrepreneurs. A joint venture allows individuals or businesses to collaborate on specific projects without committing to a permanent partnership. This approach is ideal for pursuing one or two business opportunities together. The speaker, an Astra premier social entrepreneur and commercial lawyer, emphasizes the importance of such collaborations to foster entrepreneurship across Africa. The aim is to create a supportive ecosystem where businesses can thrive by leveraging joint ventures. More detailed information on joint venture agreements will be provided throughout the tutorial.