What does entrepreneurship really mean in the African context? - What works in one place and for one group of people will not necessarily work elsewhere.
in Algeria to about 40% in Nigeria and Zambia. The dispersion is related to the income level of the African countries. Poorer economies tend to have higher percentages of their population engaged in entrepreneurship, often out of necessity.
When I was growing up, my mother worked a day job as a branch manager for a glazing company and came back home to be a chicken farmer, tailor and eventually a dealer in general and kitchen hardware. All these ventures put us through school, clothed us, fed us and kept the lights on, indicating that the salary from the glazing company was not enough to carry the financial burdens of the household. This is the case in most African countries.
— and the youth. The continent’s female entrepreneurship rate is also the highest in the world; this means African women are twice as likely to start a business as women elsewhere in the world. But their businesses are generally less profitable and provide fewer jobs than those of males. This problem can be traced to the gendering of work andFamily businesses are especially important to African entrepreneurship. Many of these firms are informal, which limits their growth.
Another area of relative importance to African entrepreneurship is the diaspora, with remittances being a significant source of start-up investment. The demographic of African entrepreneurs also consists of diaspora returnees who are more likely to engage in entrepreneurship than take up formal employment. For diaspora returnees, social networks play an important role in ensuring the success of their entrepreneurial pursuits.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canada lifts travel ban on South Africa and nine other African countriesCanada has announced that it will be lifting its travel ban on South Africa and nine other African countries following criticism.
Read more »
Botswana bets on tech to end reliance on diamondsBotswana plans to diversify its economy, investing in science, tech and entrepreneurship to lessen a dependency on diamond mining.
Read more »
Canada lifts SA travel banCanada announced the lifting of a ban on foreign travellers from 10 African countries.
Read more »
Motsoaledi sticking to decision not to renew Zimbabwean Exemption PermitsSouth African government officials are also facing pressure from Zimbabwean politicians to withdraw the decision.
Read more »
Canada lifts travel ban on South Africa and nine other African countriesCanada has announced that it will be lifting its travel ban on South Africa and nine other African countries following criticism.
Read more »
Gallo Records reimagines South African classics with new EP | ChannelThe local label has released an EP titled Music is Forever which sees treasured African songs from Gallo's catalogue reimagined for a new audience.
Read more »