REGENT Business School’s Interest in Entrepreneurship
Entrepreneurship has a pivotal role to play in sustainable development and poverty eradication. It has the potential to stimulate economic growth through job creation; help formalise businesses; create opportunities for and thereby empower disadvantaged groups such as youth and women; and strengthen local productive capacity by developing linkages with transnational corporations and thereby indirectly maximize the impact of foreign investment. It also has the potential to contribute to socio-economic development by promoting fairness in opportunity and gender equality.
Entrepreneurship can also have a significant impact on job creation. According to International Labour Organization (ILO) projections, 500 million new jobs will need to be created by 2020 in order to provide fuller employment. Developing countries will require more than 90 per cent of these jobs, presenting an unprecedented challenge for emerging economies in Africa.
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