- March 1, 2017
- Posted by: ABO Capital
- Category: Publications by Zandre Campos
African entrepreneurialism has reached historic peaks in recent years and the entrepreneurial spirit in Africa is booming. Young entrepreneurs are feeling more positive about the prospects of successful business.
It is important to understand why this economic activity is occurring now. The Harvard Business Review explains how historical events that transpired across the globe led to the uptick in commercial activity. After the Great Recession, many Africans living and working outside of Africa lost their technical, managerial and international jobs. Because of the massive job losses, many Africans returned home, where they developed an entrepreneurial spirit due to the lack of native jobs.