ABSTRACT
Africa is arguably the richest continent in terms of its stock of minerals and natural r esources. However, its entrepreneurial performance has been weak. Although entrepreneurial activities arguably existed in Africa before colonization, they have slowed down since the colonial period. 1 Experts argue that Afr ica’s entrepreneurial failure can be attributed to factors such as the lac k of sensitivit y of raw agr icultural products to international pr ices, poor infrastructure, lack of human and f inancial capital, and government policies that ar e not entrepreneurship-friendly. 2 According to a Gallup poll, 59 percent of Nigerians are unhappy with the f iling process for r egistering a business. 3 Productive entrepreneurship in African economies has also been hindered by a lack of quality standards and inappropriate trade policies.
