According to a research by a UK-based business networking group, Approved Index, Africa leads the world on entrepreneurship minded population.
The number was calculated by the percentage of the adult population that owns or co-owns a new business and has paid salaries or wages for three or more months.
According to the report, Uganda topped the chart with an impressive 28 per cent of the country’s population saying that they are entrepreneurs taking advantage of the nation’s new-found freedom after decades of dictatorship.
“Many of the self-employed are seeing their businesses expand because of the country’s recently laid fibre optic cables that connect even remote villages to the Internet.”
While women are dominating the entrepreneurial landscape in Uganda to increase their economic prospects, the challenges stacked against them are still heavy. According to the report, although women own 40 per cent of all businesses, 93 per cent of business credit still goes to men.
Thailand is second on the list with 16.7% of the country population working for themselves, and transportation is one of the biggest sectors. Tuk tuks, or rickshaws, are staple ways of getting around the city and can earn you a decent wage in tourist-heavy areas.
Brazil is third with 13.8% entrepreneurs and are predominantly single-person vendors. Almost half of the entrepreneurs are women.
Cameroon, Vietnam, Angola, Jamaica, Botswana and Chile make up the top 9 countries with entreprenuers.
