Authors: Ven Sriram, Tigineh Mersha
Addresses: Department of Management and Marketing, Merrick School of Business, University of Baltimore, Baltimore, MD 21201, USA ' Department of Management and Marketing, Merrick School of Business, University of Baltimore, Baltimore, MD 21201, USA
Abstract: Based on a review of the literature and analysis of the prevailing internal and external conditions in Africa, this paper identifies the factors that impact entrepreneurship in the continent and proposes a set of specific interventions that African governments may initiate to stimulate entrepreneurship in the region. The proposed policy interventions include creating a more business friendly climate, building entrepreneurial and institutional capacity, minimising bureaucratic barriers, elevating the stature of entrepreneurship, and facilitating the creation of national and global linkages and networks for African entrepreneurs. Implementing the proposals advanced in this paper, as adapted to the specific conditions in each country, could have significant implications for new business creation, employment development and economic growth in Africa. It could also provide a basis for future empirical studies that assess the relative effectiveness of specific policy interventions in promoting entrepreneurship in Africa and other developing regions.
Keywords: business creation; economic growth; employment development; entrepreneurship; sub-Saharan Africa; government intervention; government policy.
Journal for International Business and Entrepreneurship Development, 2006 Vol.3 No.1/2, pp.136 - 151
Available online: 04 Jan 2007 *Full-text access for editors Access for subscribers Purchase this article Comment on this article