Abstract
The economic structure in Africa has changed following liberalization and the private sector is now driving economic development. But entrepreneurship in Africa still faces existential challenges. For the African private sector, the business climate and lack of finance remains major suppressants of growth. Efforts need to be intensified to expand access to capital, improve business climate and sustain the growth of the private sector in Africa.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Notes
- 1.
By Zukile Siko, and Oluwakemi Owonubi, Rand Merchant Bank THE JOURNEY TO A LISTING IN SUB-SAHARAN AFRICA https://african-exchanges.org/sites/default/files/publications/acm_insight_volume_4_issue_3_2013.pdf).
References
African Development Report. (2011).
Ajakaiye, O. (2005). Role of the state in financial sector development in Sub-Saharan Africa. In J. J. Teunissen, A. Akkerman (Eds.), Africa in the world economy: The national, regional and international challenges (Vol. 6, no. 2). KIEP.
Dinh, H. T., Mavridis, D. A., & Nguyen, H. B. (2012). The binding constraint on the growth of firms in developing countries. In Performance of manufacturing firms in Africa: An empirical analysis (pp. 87–137).
Eifert, B., Gelb, A., & Ramachandran, V. (2008). The cost of doing business in Africa: Evidence from enterprise survey data. World Development, 36(9), 1531–1546.
Elkan, W. (1988). Entrepreneurs and entrepreneurship in Africa (English) (Vol. 3, no. 2, pp. 171–188). The World Bank Research Observer. Retrieved from http://documents.worldbank.org/curated/en/953311468767681714/Entrepreneurs-and-entrepreneurship-in-Africa
Foster, V., & Briceno-Garmendia, C. (2010). Africa’s infrastructure: A time for transformation: A time for transformation. Africa Development Forum. World Bank. © World Bank. Retrieved from https://openknowledge.worldbank.org/handle/10986/2692. License: CC BY 3.0 IGO.
IFC. (2011). International Finance Institutions and Development Through the Private Sector. International Finance Corporation Washington, D.C. https://www.adb.org/sites/default/files/publication/29108/ifi-development-private-sector.pdf.
Jones, G. (2005). Multinationals from the 1930s to the 1980s. In A. D. Chandler & B. Mazlish (Eds.), Leviathans: Multinational corporations and the new global history. Cambridge: Cambridge University Press.
London Stock Exchange Group. (2019). https://www.lseg.com/sites/default/files/content/CTIA/2019/LSEG_Companies_To_Inspire_Africa_07022019_0.pdf
McDade, B. E., & Spring, A. (2005). The ‘new generation of African entrepreneurs’: networking to change the climate for business and private sector-led development. Entrepreneurship & Regional Development, 17(1), 17–42.
MGI. (2016). Lions on the move ii: realizing the potential of africa’s economies https://www.mckinsey.com/~/media/McKinsey/Featured%20Insights/Middle%20East%20and%20Africa/Realizing%20the%20potential%20of%20Africas%20economies/MGI-Lions-on-the-Move-2-Executive-summary-September-2016v2.ashx.
Ramachandran, V., Gelb, A. H., & Shah, M. K. (2009). Africa’s private sector: What’s wrong with the business environment and what to do about it. CGD Books, Washington DC.
Sales, T., Chimwele, P., Bonzom, P., Kimmel, K. M., Berhanu, G., Bonfanti, M., & Welsh, K. (2015). Impact investment in Africa: Trends, constraints and opportunities.
Sy, A., & Rakotondrazaka, F. M. (2015). Private capital flows, official development assistance, and remittances to Africa: Who gets what. Policy Paper, 2. Brookings Institution.
Teunissen, J. J., & Akkerman, A. (Eds.). (2006). Africa in the world economy: The national, regional and international challenges (Vol. 6, No. 2). KIEP.
UNCTAD. (2013). Policy Briefs The state of industrial development in Africa: Unexploited opportunities amidst growing challenges No. 27 August 2013.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2020 Springer Nature Switzerland AG
About this chapter
Cite this chapter
Amungo, E. (2020). Postscript: Sustaining the Growth of Private Sector in Africa. In: The Rise of the African Multinational Enterprise (AMNE). Management for Professionals. Springer, Cham. https://doi.org/10.1007/978-3-030-33096-5_13
Download citation
DOI: https://doi.org/10.1007/978-3-030-33096-5_13
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-030-33095-8
Online ISBN: 978-3-030-33096-5
eBook Packages: Business and ManagementBusiness and Management (R0)