9 Facts You Didn’t Know About Entrepreneurship in Africa

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Africa also leads the world in the number of women starting businesses, with almost equal levels of male and female entrepreneurs. In Nigeria/Zambia, 40.7 percent of women are either entrepreneurs or owner-managers of a new business. Countries like the United States (10.4 percent), the United Kingdom (5.5 percent), Norway (3.6 percent) and France (3.1 percent) lag far behind.

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Africa’s entrepreneurs boast the lowest levels of “fear of failure.” Only 24 percent of African entrepreneurs feel that fear of failure would stop them from starting a business and seizing business opportunities.

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African entrepreneurs are also the most confident in the world in their ability and skills to start a business. In comparison, people in Malawi feel twice as self-assured about launching a startup as those in the United Kingdom.

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