REVIEWING EXISTING POLICIES FOR UNLEASHING AND FOSTERING ENTREPRENEURSHIP IN SELECTED AFRICAN COUNTRIES.
Vol. Volume 19, Number 3 September/2014
Michael Sheriff & Moreno Muffatto
Policies are vital for unleashing and fostering of entrepreneurship in every society. This paper reviewed the national policies for the promotion and support of productive entrepreneurial activities aimed at enhancing the achievement of entrepreneurial economic growth in three countries in Africa. An explorative multiple case study that used national, international documents and reports to examine the state and nature of the entrepreneurship policies in Kenya, Rwanda and Tanzania. The selected countries are all members of the East African Community. The findings revealed what have been accomplished and what challenges do policymakers face in improving the situation. The comparison showed the major similarities and dissimilarities between countries and which countries are performing fairly well in specific policy areas. From the findings, an entrepreneurship policy framework was developed that takes into account the type and level of entrepreneurship being practiced which could be useful to policymakers taking into consideration the formal and informal sectors at the national level. At the regional level, the similarities of policies could be a starting point for a regional entrepreneurship policy since entrepreneurial economic growth of countries and regions is a strong indicator of successful entrepreneurship policies.
Government; entrepreneurship policy; entrepreneurship; entrepreneurial economic growth; Africa