Thursday, September 17, 2020

Entrepreneurship is An Integral Component of African Economies

©iStock/Andi Edwards
Entrepreneurship is an integral component of African economies – it is not surprising that the Global Entrepreneurship Monitor (GEM) report for 2014, ranked Uganda as the World’s top entrepreneurial country.

With a high market value and uses in cooking and cosmetics, Shea butter has become known as Burkina's gold. By training groups of entrepreneurs in the best processing methods and how best to sell their end product, TREE AID is turning an everyday tree product into meals, medicines and schooling.

Most business entities in Uganda are small-scale ventures and operate extensively in the informal sector – young entrepreneurs have low growth expectations as not many of them innovate or develop new products.

Learn more about the challenges and prospects of SMEs and entrepreneurship in Africa.

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