{"id":7135,"date":"2019-12-11T09:34:14","date_gmt":"2019-12-11T06:34:14","guid":{"rendered":"https:\/\/africasustainabilitymatters.com\/?p=7135"},"modified":"2026-01-11T05:30:45","modified_gmt":"2026-01-11T05:30:45","slug":"why-africa-has-the-worlds-highest-entrepreneurship-and-discontinuance-rates","status":"publish","type":"post","link":"https:\/\/rayscohosting.best\/ASM\/2019\/12\/11\/why-africa-has-the-worlds-highest-entrepreneurship-and-discontinuance-rates\/","title":{"rendered":"Why Africa Has the World&#8217;s Highest Entrepreneurship and Discontinuance Rates"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>By Tatenda Gwaambuka<\/strong> <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Crunching the Numbers<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the&nbsp;<a href=\"https:\/\/www.afdb.org\/fileadmin\/uploads\/afdb\/Documents\/Publications\/AEO_2017_Report_Full_English.pdf\">African Development Bank<\/a>, 22 percent of Africa&#8217;s working-age population are starting businesses. This is the highest entrepreneurship rate in the world.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Africa&#8217;s female entrepreneurship rate is also\u00a0<a href=\"https:\/\/www.un.org\/africarenewal\/magazine\/august-november-2018\/women-led-tech-startups-rise-africa\">the highest in the world<\/a>; 27 percent of the female adult population is engaged in early-stage entrepreneurial activity.\u00a0 This means African women are twice as likely to start a business as women elsewhere in the world. Small and Medium Enterprises are now the biggest formal employers in Sub-Saharan Africa and will undoubtedly be key in creating the 54 million jobs that Africa is expected to create by 2022.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The numbers look great until one realizes that Sub-Saharan Africa also has the highest small business discontinuance rate of 8.4%. While the job creation potential is promising, it is a far cry from the demands &#8211; Africa will need 122 million new jobs by 2022. Further, only 20 percent of African entrepreneurs are introducing new products and services. Africa has a lot of survival entrepreneurs who were pushed into entrepreneurship by unemployment.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.africanexponent.com\/post\/4545-the-21st-century-belongs-to-the-african-entrepreneur\">Read more&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Tatenda Gwaambuka Crunching the Numbers According to the&nbsp;African Development Bank, 22 percent of Africa&#8217;s working-age population are starting businesses. This is the highest entrepreneurship rate in the world. Africa&#8217;s&hellip;<\/p>\n","protected":false},"author":3,"featured_media":7136,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","pagelayer_contact_templates":[],"_pagelayer_content":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[101],"tags":[],"class_list":["post-7135","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international-news"],"_links":{"self":[{"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/posts\/7135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/comments?post=7135"}],"version-history":[{"count":0,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/posts\/7135\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/media\/7136"}],"wp:attachment":[{"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/media?parent=7135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/categories?post=7135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rayscohosting.best\/ASM\/wp-json\/wp\/v2\/tags?post=7135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}