Youth's Economic Empowerment
Business environment reforms for youth entrepreneurship in the ACP region
Promoting Business Environment Reform for Youth Entrepreneurship in the ACP Region
Many governments in the ACP region have made supporting young entrepreneurs a top priority.
On average, more than one-third of young people in the ACP region work as entrepreneurs. Youth entrepreneurship levels vary significantly across regions and countries, with Sub-Saharan Africa having the highest rates of youth entrepreneurs (63%), followed by the Pacific Islands (29%) and the Caribbean (24%).
Women represent two out of every five early-stage entrepreneurs globally[i] and entrepreneurial activity among young women in ACP countries is high. However, according to the Global Entrepreneurship Monitor (GEM), their overall entrepreneurial activity at all stages of business development remain lower than that of men. Young men are 1.3 times more likely to engage in early-stage entrepreneurial activity and 1.6 times more likely to be established entrepreneurs than women.[ii]
[i] Global Entrepreneurship Monitor (2021) 2021/2022 Women’s Entrepreneurship Report – From Crisis to Opportunity. Global Entrepreneurship Monitor Consortium: Babson College.
[ii] Global Entrepreneurship Monitor (2015) Future Potential A GEM perspective on youth entrepreneurship 2015. Global Entrepreneurship Monitor Consortium, Babson College.