Ramachandran, Vijaya; Shah, Manju Kedia - 2007
Much of the growth in Sub-Saharan Africa in the past decade has come from extractive industries, rather than from … owned by ethnic minorities. This paper analyzes the characteristics of the formal private sector in five countries in sub-Saharan … Africa, with a particular emphasis on Black African-owned (indigenous) firms. We find that indigenous firms start smaller and …