<div class="css-hhki07 e188esf00"><div class="css-z41hwl en4o1560"><section class="css-1sh6d1o e12sbwn90"><div class="css-b4a1pi e1u9wqfn0"><span class="css-x8vgju e6e0kfy0"><a href="/special-report" data-analytics="sidebar:section"><span>Special report</span></a></span><span class="css-rjcumh e1vi1cqp0"> | Size matters</span></div><h1 class="css-n9amm3 e1r8fcie0">Africa has too many businesses, too little business</h1><h2 class="css-1ss9ydi eg03uz0">Being your own boss is not the best strategy</h2></section></div></div>

<div class="css-1b0bd3r e188esf00"><div class="css-z41hwl en4o1560"><div class="css-13r0q4k ebbih0g0"><div class="css-f1to7x e1oehc1h0"><div class="css-jwv1ak eupm5sl0"><div class="css-w0h03k eygoqsu0"><div><time datetime="2025-01-06T13:54:54.703Z" class="css-1c8ktq7 e4cw3vv0"> Jan 6th 2025</time></div><div><div class="css-1902i5q eygoqsu0"></div></div></div></div></div><section data-body-id="cp2" class="css-1xs6rxu e19oi8vf1"><div class="css-11m2wk0 e19oi8vf2"><p data-component="paragraph" class="css-1f0x4sl e1tt35bk0"><span data-caps="initial">A</span><small>frican policymakers</small> love to champion their continent’s entrepreneurs. For Paul Kagame, Rwanda’s president, small and medium enterprises are the “backbone of Africa’s economy”. “We must support the youth to go beyond looking for jobs,” says Akinwumi Adesina, the head of the African Development Bank (<small>a</small>f<small>db</small>). </p></div></section><div class="css-1cmx12d em0l2j50"><div class="css-19gx9y0 eupm5sl0"><div class="css-15sn8g1 eygoqsu0"><div><div class="css-9mn5vp eygoqsu0"></div></div></div></div></div></div></div></div>

Being your own boss is not the best strategy{ai:summary}<p>Africa faces an oversaturation of businesses but a lack of viable economic activity. While leaders promote entrepreneurship as vital to the economy, the reality suggests that simply starting a business may not be the most effective strategy for growth and sustainability. </p><p>Policymakers must reconsider their approach to fostering economic development beyond just encouraging entrepreneurship. #economy</p>

Africa has too many businesses, too little business

Africa has too many businesses, too little business

Being your own boss is not the best strategy

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