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Determinants of Entrepreneurship Sustainable Development in Africa

Domain:

socioeconomic

Record type:

paper
Creator:
Kan
Publisher:
Sci
Host:
This study aimed to examine the factors that contribute to sustainable development through entrepreneurship in Africa. A mixed research method was employed, combining qualitative and quantitative data analysis. A survey was conducted with 319 small business owners in Africa to collect primary data. The study utilized a leaner regression model to analyze the data and identify the determinants of entrepreneurship sustainable development. The results indicated that several factors, including entrepreneurial mindset, communication skills, marketing strategies, availability of financial resources, tax incentives, inflation, change in government policy, political stability, information technology utilization, and work culture, were statistically significant in influencing entrepreneurship sustainable development. Specifically, eight variables were found to have positive and significant effects on business income tax collection, while tax evasion and corruption had negative effects on entrepreneurship sustainable development. Inflation and change in government policy were identified as factors negatively impacting entrepreneurship and sustainable development. Based on these findings, the study suggested recommendations for African countries to enhance entrepreneurship sustainable development, such as promoting experience sharing on business ideas and improving existing ventures.

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doi.org

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