EITD Research
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Throughout Cameroon and much of sub-Saharan Africa, millions of women, men and children carry out new combinations every now and then as they create new businesses especially in the informal sector. They, for example, fry and sell puff-puff, cook and sell food, buy and sell various articles, open and operate barbing and hair saloons, make and sell new furniture and a variety of hardware, create and run banks, offices, civic services, non-governmental organisations, and so on. But the vast majority of their efforts are not often sustainable, as they quickly breakdown denying even the creators steady jobs. Even the big companies in the 'formal' sector sometimes find it increasingly tough to create and sustain jobs. Unemployment is not just high and rising in these parts of the world, productivity is falling, notwithstanding growth in the economy. Several factors underlie the low entrepreneur success rates. These include market distortions brought about by statutory monopolies and unfair competition. Policy making processes often fail to take on board the broad-based experiences of business, especially small and medium-sized enterprises operating in the 'informal' sector. Other problems include those related to inadequate private property rights, unfriendly legal systems, inefficiency and corruption in public administration, poor business infrastructure (transportation, telecommunications, etc.), poor training (lack of business and managerial knowledge and skills) and inadequate access to financial and credit services. We work on these and other issues through surveys, issue analysis, advice, training and exhibitions, aiming to help:
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