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Sowing the Seeds

Author

Listed:
  • Tendy Matenge
  • Vic Razis

Abstract

The key musical note which the authors wish to strike in order to promote a vibrant, harmonious and productive symphony of creative thought, debate and discussion in this paper is simply that Fast Growing African Countries (FGACs), require a very powerful body to provide the money and the business skills to all and any citizens who have a chance of setting up a new small to medium business. Based on the review of the literature and the analysis of the prevailing conditions in Africa, this paper identifies the factors that impact entrepreneurship in the continent and proposes a set of specific interventions that governments of FGACs may instigate to kindle entrepreneurship in their respective countries and the region as a whole. The proposed intervention is the creation of a Centre for Entrepreneurship and Business Skills. The centre would ensure a more business friendly climate, build entrepreneurial capacity, minimize bureaucratic barriers, and elevate the stature of entrepreneurship in Africa. Implementing the proposal advanced in this paper, could have significant implications for new business creation, employment development and economic growth in Africa.

Suggested Citation

  • Tendy Matenge & Vic Razis, 2012. "Sowing the Seeds," International Journal of Business Administration, International Journal of Business Administration, Sciedu Press, vol. 3(2), pages 38-46, March.
    • Handle: RePEc:jfr:ijba11:v:3:y:2012:i:2:p:38-46
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    References listed on IDEAS

    as
    1. Mead, Donald C., 1994. "The contribution of small enterprises to employment growth in southern and eastern Africa," World Development, Elsevier, vol. 22(12), pages 1881-1894, December.
    2. Hendrik Dalen & George Groenewold & Jeannette Schoorl, 2005. "Out of Africa: what drives the pressure to emigrate?," Journal of Population Economics, Springer;European Society for Population Economics, vol. 18(4), pages 741-778, November.
    3. Stephan Klasen & Ingrid Woolard, 2009. "Surviving Unemployment Without State Support: Unemployment and Household Formation in South Africa," Journal of African Economies, Centre for the Study of African Economies, vol. 18(1), pages 1-51, January.
    4. Edwin G. Nelson & Erik J. De Bruijn, 2005. "The voluntary formalization of enterprises in a developing economy-the case of Tanzania," Journal of International Development, John Wiley & Sons, Ltd., vol. 17(4), pages 575-593.
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