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Latest News / Four in five working age youths self-employed in Sub-Saharan Africa

 

subsaharan business 

A new report has revealed that approximately four in five youths working in Sub-Saharan Africa are self-employed.

The Rising to the Youth Employment Challenge report from the International Labour Organisation (ILO) compares Sub-Saharan Africa (SSA) to the MENA and EECA regions, in which the average rate of self-employment among working youths is one in five.

A desire for greater independence was the reason most cited (37%) as providing the motivation for being self-employed by the young entrepreneurs interviewed for the report. Not being able to find paid work was the second most common reason, stated by 29% of respondents. There was a notable difference between genders in motivations for pursuing self-employment, with women more likely than men to report family and lifestyle as the main reason.

Uganda led the way for the highest levels of entrepreneurship, with 28% of the working age population securing all or part of their income through entrepreneurial activities. This was double the second most entrepreneurial country in the world, Thailand (16%).

Education level was revealed to have very little influence on whether a person becomes self-employed, with entrepreneurs coming from a diverse range of educational backgrounds.

You can access the full report here.



 

Four in five working age youths self-employed in Sub-Saharan Africa
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