Africa in Fact Issue 23, June 2014: Risky business
This month's Africa in Fact looks at entrepreneurs and business. Entrepreneurs boost economies through innovation that creates jobs and turns a profit. In developing countries, small businesses can contribute 50% and more to a country’s GDP. African countries that make business easier—such as Côte d’Ivoire, Mauritius and Rwanda—are reaping the benefits. They have removed red tape that acts as a barrier to starting and running companies, and they have recognized the importance of profit as a motivator for ingenuity and hard work. Businesses need a stable regulatory environment that promotes competition, strong property rights and reliable infrastructure. Given the right conditions, entrepreneurs thrive, businesses grow and all of society benefits as a result.