One strong impression I’ve gained during my trips to sub-Saharan Africa (SSA) is that the people are full of entrepreneurial energy. Even taxi drivers are constantly thinking about what kind of business to start. Colleagues who visit the continent regularly share this impression.
Just watch Christian Staedler from Warwick University in a recent talk on entrepreneurship in Africa. He makes the point that industrialization is characterized by a period of rapid urbanization, and entrepreneurial spirit and enthusiasm – both of which are present in SSA. (Read full article on Africa from Africa blog)