Why are there so few black-owned firms in in Africa? Preliminary results from enterprise survey data (English)

Much of the growth in Sub-Saharan Africa in the past decade has come from extractive industries, rather than from private, entrepreneurial activity. Furthermore, non-extractive activity in the private sector is often dominated by firms owned by ethnic minorities. This paper analyzes the characteristics of the formal private sector in five countries in sub-Saharan Africa, with a particular emphasis on Black African-owned (indigenous) firms. The authors...
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Ramachandran,Vijaya; Shah,Manju Kedia.

Why are there so few black-owned firms in in Africa? Preliminary results from enterprise survey data (English). RPED paper ; no. 130 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/993711468009013530

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