ABSTRACT

In Africa, large-scale projects are often funded by large international organizations, a limited number of non-governmental organizations and, in some cases, national governments. Some African countries are turning to alternative approaches to stimulate economic and social development. The establishment of industrial clusters in Africa would accelerate economic development in the regions in which they are established and broaden the development to the whole country. African entrepreneurship can happen everywhere in Africa and be the basis for successful companies, as African Economic Outlook (AEO) 2015 also concluded. The AEO 2015 focuses on regional development and spatial inclusion. Investeringsfonden for Udviklingslande (IFU) has increasingly been involved in investments in the Danish government's African focus countries, and this has meant that a natural network has been established by the small and medium-sized enterprises involved. A major part of Danish International Development Agency's yearly funding should be channelled through IFU.