Institutional Change and Entrepreneurial Governance in Sub-Saharan Africa: Implications for Inclusive Growth and Development

Adekunle Ogunsade (), Demola Obembe (), Kassa Woldesenbet () and Aderemi Ojebode ()
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Adekunle Ogunsade: Faculty of Business and Law, De Montfort University, Gateway House, Leicester LE1 9BH, UK
Demola Obembe: Faculty of Business and Law, De Montfort University, Gateway House, Leicester LE1 9BH, UK
Kassa Woldesenbet: Faculty of Business and Law, De Montfort University, Gateway House, Leicester LE1 9BH, UK
Aderemi Ojebode: Faculty of Business and Law, De Montfort University, Gateway House, Leicester LE1 9BH, UK

Journal of Enterprising Culture (JEC), 2022, vol. 30, issue 01, 71-89

Abstract: A key focus for entrepreneurial development strategies for many economies is to facilitate sustainable and inclusive growth that will create jobs and reduce poverty. Sub-Saharan Africa (SSA) is confronted with institutional challenges in bringing these objectives into fruition. We draw from institutionalism and entrepreneurial governance theory to explore institutional context and challenges to entrepreneurial development and inclusive growth in Africa. We theorize that entrepreneurial governance and public policy must focus on policy direction, enterprise enabling institutions for nascent entrepreneurs, seed funding and local embeddedness to eliminate institutional voids. We provide a dynamic view of institutional context and offer a policy framework to uncover challenges to entrepreneurial emergence and sustainable development in Africa. The study submits that enabling entrepreneurial activities for inclusive growth and sustainable development in Sub-Saharan Africa requires the right institutional and supporting ecosystem.

Keywords: Institutions; entrepreneurial governance; inclusive growth; policy; Africa (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1142/S0218495822500030

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