The Impact Of Entrepreneurship

Unemployment is an issue in all regions of the world but the rate at which it affects each country is different. The unemployed are unhappier, more likely to experience a range of health issues, and face difficulties in integrating back into the labour market place (Bell and Blanchflower, 2009). One potential way of integrating young people into the labour market is to increase youth entrepreneurship. Entrepreneurs are the backbone of our economy. In order to earn a living and become independent most people seek to become employees without exploring the possibilities of becoming an entrepreneur. Entrepreneurship is not only a form of employment but also a way of realising innovative ideas and solutions. Entrepreneurship creates jobs, fosters wealth for society as a whole and, particularly via social entrepreneurship, contributes to community development, supports environmental sustainability and produces social capital. With high levels of youth unemployment, entrepreneurship is increasingly seen and proposed to young people as an alternative way to be active in the labour market, get income and realise their potential. However, the number of young people that engage in entrepreneurial activities is still relatively low. In Africa and the developing world generally, lack of or poorly developed entrepreneurial capacity is one of the main factors that contribute to the continent’s poor socio-economic performance (Themba & Josiah, 2015)

Most African governments have been