Youth account for 60% of Africa’s unemployed. In Rwanda, 72% of employed youth work for family firms or are self-employed (African Economic Outlook 2016). These outcomes suggest that schools are failing to develop the skills required to enter formal sector jobs or launch and grow small firms. In response, Rwanda is one of ten African…
Entrepeneurship
Urban Density and Labour Markets
Many of the world‘s poorest people live and work in dense informal settlements in Africa’s growing megacities. These communities have both positives and negatives. On one side, settlements, often located in central areas, provide workers with access to geographically proximate jobs, dense informational and social networks, and a large demand base for entrepreneurial ventures. Density…
Start-Up Capital for Youth
Unemployment among young people is one of the most pressing social and economic problems facing less developed countries today. Data from the 2005 Kenya Integrated Household Budget Survey found that approximately 21% of youths are unemployed, and a further 25% are neither in school nor working. While the traditional academic schooling track offers large labour…
Girls Empowered by Microfranchising
Integrating young adults into the formal labour market is a major challenge facing developing nations, particularly in Africa (World Bank 2007). High levels of unemployment, especially among youth, have led many policymakers to advocate microfinance (cf Yunus 1999) and other forms of credit market expansion aimed at promoting entrepreneurship. However, empirical evidence on the overall…
The Urban Geography of Entrepreneurship and Growth in India
Rapid urbanisation is a major phenomenon in many developing countries. Cities are the engines of economic development; however, little is known about what determines the success of cities in developing countries, nor about the factors that shape the characteristics of rapid urbanisation. The historical literature on urban economics is rooted in the rise of the…