Corruption holds small businesses back
Strategies to avoid the traps
Corruption's effects are worsened by the region's generally weak governance and, in some cases, political instability, says Samuel Adomako, associate professor of strategy and innovation at the University of Birmingham in the UK, and Joseph Amankwah-Amoah, professor of international business at Durham University.
Small and medium enterprises account for 95% of all registered businesses and contribute about 50% to the total GDP of countries in Sub-Saharan Africa.Yet they face significant o
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