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2024 | OriginalPaper | Chapter

4. Motivating Entrepreneurial Activities to Achieve Sustainable Development in Sub-Saharan Africa

Authors : Chioma Onoshakpor, Oyedele Martins Ogundana

Published in: Innovation, Entrepreneurship and the Informal Economy in Sub–Saharan Africa

Publisher: Springer Nature Switzerland

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Abstract

It is largely acknowledged that entrepreneurial activities represent a crucial means for achieving sustainable development, especially in the developing economy. Yet, the percentage of population involved in business start-ups is still very low in Africa compared to other continents including the developed world. Thus, this chapter explores factors motivating entrepreneurial activities among women and men in a developing economy—Nigeria. To do this, we conducted 10 in-depth interviews which were transcribed and thematically analysed using QSR NVivo. The findings revealed that women and men are motivated by different factors. The implication of this finding is that female entrepreneurs should be treated as a homogenous group separate from their male counterparts. Doing this will enable policymakers to design much more effective entrepreneurial policies that encourage entrepreneurial activities that can stimulate sustainable development especially in sub-Saharan Africa.

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previous chapter Small and Medium Enterprises Sustainability Strategies Beyond the Periods of Environmental Shocks: Evidence From a Developing Economy
next chapter Informality in Africa in Relation to Sustainable Development Goals 8 and 9: Framework for Innovation and Sustainable Industrialization
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Metadata
Title
Motivating Entrepreneurial Activities to Achieve Sustainable Development in Sub-Saharan Africa
Authors
Chioma Onoshakpor
Oyedele Martins Ogundana
Copyright Year
2024
Book
Innovation, Entrepreneurship and the Informal Economy in Sub–Saharan Africa

Print ISBN: 978-3-031-46292-4

Electronic ISBN: 978-3-031-46293-1

Copyright Year: 2024

DOI
https://doi.org/10.1007/978-3-031-46293-1_4

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