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In this video, the speaker introduces the concept of a joint venture, emphasizing its relevance for entrepreneurs in Africa. A joint venture allows businesses to collaborate on specific projects without forming a permanent partnership. This approach offers flexibility for those looking to pursue one or two business opportunities together. The speaker, identified as a social entrepreneur and commercial lawyer, expresses a commitment to inspire and empower African entrepreneurs, making their business concerns a priority. More details about creating joint venture agreements will be provided in the tutorial.