A note on African entrepreneurship and managerial skills
Author(s)/Corporate Author (s)United Nations. Economic and Social Council;
United Nations. Economic Commission for Africa;
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Industrial development in Africa depends largely on the quality and quantity of the human resources - on its entrepreneurs, managers, technicians and skilled industrial workers0 Of these the entrepreneur who combines the functions of business promotion, capital provision and risk taking, technical adaptation and management has a dominant role. Industrialization at the rate desired by African countries requires the accelerated development of industrial entrepreneurs, managers and related skills. Such development can only "be achieved through the provision of a satisfactory climate, a clear enunciation of government policy, allocating a proper place to the indigenous private sector, adequate training facilities for developing technical and managerial skills and preferential policies in regard to tariffs, taxation and government purchase. The scope for industrial development in African countries is large, the ratio of industrial output to the gross national product is small in most of them, -while with the intensification of balance of payments difficulties, the need to produce, at home, substitutes for imported goods has increased greatly.