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Keith Marsden - African Entrepreneurs: Pioneers of Development (Discussion Paper (International Finance Corporation))

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title African Entrepreneurs Pioneers of Development Discussion Paper - photo 1

title:African Entrepreneurs : Pioneers of Development Discussion Paper (International Finance Corporation) ; No. 9
author:Marsden, Keith.
publisher:World Bank
isbn10 | asin:0821316931
print isbn13:9780821316931
ebook isbn13:9780585269306
language:English
subjectEntrepreneurship--Africa, Sub-Saharan, New business enterprises--Africa, Sub-Saharan.
publication date:1990
lcc:HD2346.A57M37 1990eb
ddc:338/.04/0967
subject:Entrepreneurship--Africa, Sub-Saharan, New business enterprises--Africa, Sub-Saharan.
Page i
African Entrepreneurs Pioneers of Development Discussion Paper International Finance Corporation - image 2
INTERNATIONAL FINANCE CORPORATION
African Entrepreneurs
Pioneers of Development
Keith Marsden
DISCUSSION PAPER NUMBER 9
The World Bank
Washington, D.C.
Page aa
Recent IFC Discussion Papers
No. 1
Private Business in Developing Countries: Improved Prospects. Guy P. Pfeffermann
No. 2
Debt-Equity Swaps and Foreign Direct Investment in Latin America. Joel Bergsman and Wayne Edisis
No. 3
Prospects for the Business Sector in Developing Countries. Economics Department, IFC
No. 4
Strengthening Health Services in Developing Countries through the Private Sector. Charles C. Griffin
No. 5
The Development Contribution of IFC Operations. Economics Department, IFC
No. 6
Trends in Private Investment in Thirty Developing Countries. Guy P. Pfeffermann and Andrea Madarassy
No. 7
Automotive Industry Trends and Prospects for Investment in Developing Countries. Yannis Karmokolias
No. 8
Exporting to Industrial Countries: Prospects for Businesses in Developing Countries. Economics Department, IFC

Page ii
Copyright 1990
The World Bank and International Finance Corporation
1818 H Street, N.W.
Washington, D.C. 20433, U.S.A.
All rights reserved
Manufactured in the United States of America
First printing October 1990
Second printing August 1991
The International Finance Corporation (IFC), an affiliate of the World Bank, promotes the economic development of its member countries through investment in the private sector. It is the world's largest multilateral organization providing financial assistance directly in the form of loan and equity to private enterprises in developing countries.
To present the results of research with the least possible delay, the typescript of this paper has not been prepared in accordance with the procedures appropriate to formal printed texts, and the IFC and the World Bank accept no responsibility for errors. The findings, interpretations, and conclusions expressed in this paper are entirely those of the author(s) and should not be attributed in any manner to the IFC or the World Bank or to members of their Board of Executive Directors or the countries they represent. The World Bank does not guarantee the accuracy of the data included in this publication and accepts no responsibility whatsoever for any consequence of their use.
The material in this publication is copyrighted. Requests for permission to reproduce portions of it should be sent to Director, Economics Department, IFC, at the address shown in the copyright notice above. The IFC encourages dissemination of its work and will normally give permission promptly and, when the reproduction is for noncommercial purposes, without asking a fee. Permission to photocopy portions for classroom use is not required, though notification of such use having been made will be appreciated.
The complete backlist of publications from the World Bank, including those of the IFC, is shown in the annual Index of Publications, which contains an alphabetical title list (with full ordering information) and indexes of subjects, authors, and countries and regions. The latest edition is available free of charge from the Publications Sales Unit, Department F, The World Bank, 1818 H Street, N.W., Washington, D.C. 20433, U.S.A., or from Publications, The World Bank, 66, avenue d'Ina, 75116 Paris, France.
ISSN: 1012-8069
Keith Marsden is a consultant to the IFC. He has been an operations adviser in the World Bank (197988), senior economist in the International Labour Office (196578), UNDP expert in economic surveys in Egypt (196365), and economic adviser in the private sector (195463). This report was initiated by IFC's Economics Department.
Library of Congress Cataloging-in-Publication Data
Marsden, Keith.
African entrepreneurs, pioneers of development / Keith Marsden.
p. cm. (Discussion paper / International Finance
Corporation, ISSN 1012-8069; no. 9)
Includes bibliographical references.
ISBN 0-8213-1693-1
1. EntrepreneurshipAfrica, Sub-Saharan. 2. New business
enterprisesAfrica, Sub-Saharan. I. Title. II. Series:
Discussion paper (International Finance Corporation); no. 9.
HD2346.A57M37 1990
338'.04'0967dc20 90-20376
CIP
Page iii
Foreword
Most of the projects reported in this survey were originally supported by the Africa Project Development Facility (APDF). an institution founded in 1986 on IFC's initiative. APDF provides advisory services to private entrepreneurs in Sub-Saharan Africa, including assistance in preparing market, technical, and other feasibility studies. The Facility works with entrepreneurs during the whole cycle of project preparation until funding is secured. In the 4 years since its inception. APDF has assisted in securing financing for 65 projects in 18 countries. representing investments of $136 million. Currently, 250 more projects are receiving APDF technical advice.
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