By Keith Marsden
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Extra info for African Entrepreneurs: Pioneers of Development (Discussion Paper (International Finance Corporation))
The Facility works with entrepreneurs during the whole cycle of project preparation until funding is secured. In the 4 years since its inception. APDF has assisted in securing financing for 65 projects in 18 countries. representing investments of $136 million. Currently, 250 more projects are receiving APDF technical advice. In fact, one of the major purposes of APDF--and a major reason for its support by IFC--is to encourage exactly the types of entrepreneurial activities described herein. The Facility seeks to identify promising small businesses in Africa and then to provide the technical support that will ensure their success.
Specific steps include targeting assistance to economically and socially deprived groups such as redeployed workers, school dropouts, women, and the poor; developing extension and information services based upon voluntary efforts of cooperatives, nongovernment organizations (NGOs), trade associations, and grass roots organizations: initiating government- and donor-funded programs for basic research and dissemination of technology; launching public sector programs to identify and develop prospective entrepreneurs: and channeling financial resources through micro-enterprise associations, using indigenous NGOs to define the needs of target groups, and pooling members' collateral to provide mutual guarantees for on-lent funds.
The latest published data shows that, excluding government and social services, there were 13,237 establishments in all sectors in Kenya in 1987. Some entrepreneurs may own more than one establishment. Some enterprises are partnerships with two or more proprietors. 3 percent of total employment in the private sector in Kenya in 1987. So the number of modern Kenyan entrepreneurs probably reaches several thousands. This Kenyan survey indicates that 51 percent of the establishments had one to 9 paid employees; 31 percent had 10 to 49 employees, and 18 percent had more than 50 employees (no further breakdown of this medium/large-scale category is available).
African Entrepreneurs: Pioneers of Development (Discussion Paper (International Finance Corporation)) by Keith Marsden