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Young companies are vulnerable in their early/start-up years, and particularly in Africa where there is a higher percentage of inexperienced workers starting businesses.
A lack of exposure to the formal sector’s mature corporate governance (due to a widespread lack of employment opportunities) means that there are a significantly higher percentage of students or inexperienced entrepreneurs trying their luck at starting companies.
With the continent of Africa having the most youthful population on earth, the sooner entrepreneurs are supported to succeed the better for the continent and the world at large.
Empowering African startups to succeed