What does entrepreneurship really mean in the African context?

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.

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