The African Development Bank says that Nigeria, Egypt, Kenya and South Africa account for about a third of the incubators and accelerators and 80 per cent of investment in Africa.
This new report, which is a sequel to an earlier report ‘Entrepreneurship and Free Trade: Africa’s Catalysts for a New Era of Economic Prosperity’, examined the state of African entrepreneurship within a global lens, while highlighting developments, and suggesting future directions for entrepreneurship in Africa.
The report said, “All regions and populations have differing degrees of entrepreneurship, and this is true in Africa as elsewhere. For instance, Egypt, Kenya, Nigeria and South Africa account for about a third of the incubators and accelerators and 80 per cent of investment on the continent. “In the cases of these four countries, their economies and populations are larger than most African countries.”
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