The Birth of the African Lions
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Entrepreneurship in Africa has passed through phases as private businesses have at different times been either stifled or encouraged. Through three distinct epochs, African founded firms struggled with politics and policy changes as countries transited from colonial to post-colonial and later through a post-structural adjustment and liberalization era. Today, several African Founded Firms have evolved from small and medium-sized businesses to multinationals companies. This transformation has been on the back of changes in policy, economic structure, demography and business climate that have catalyzed the resurgence of indigenous private investment in Africa.
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