Enabling the private sector to create jobs

Traditionally the largest employer in Africa, the state has to facilitate investment and job creation in the private sector, especially in small and medium-size enterprises (SMEs). SMEs and the informal sector account for about 63 per cent of employment in low-income countries (Ayyagari, Beck and Demirgüç-Kunt 2003). In addition to being labour-intensive, they appear to have the greatest potential for job creation due to the scarcity of capital for large investments (Beck, Demirgüç-Kunt and Levine 2003)

Sustainable Development Goals:

Decent Work and Economic Growth

Reduced Inequalities

Partnerships for the Goals