Strengthening Youth Entrepreneurship in Africa and Emerging Markets

In the face of severe unemployment and the need for economic development, promoting youth entrepreneurship is a crucial strategy in Africa. In this mission, the rules of the entrepreneurship game have configured two mechanisms, i. entrepreneurship education and ii. the financial and non-financial organizational support system. Nonetheless, indicating the fragility of the entrepreneurial ecosystem, including the two mechanisms, African youth entrepreneurs encounter challenges such as mistrust, non-financial inclusion, lack of leadership, managerial and marketing skills, and lack of risk management, among other things.As a result of the challenges, youth entrepreneurs are prone to leaving entrepreneurship prematurely or becoming necessity-based rather than opportunity-based entrepreneurs. This has created structural issues in African economies, with a missing middle and top in entrepreneurship.These challenges of youth entrepreneurs and the African economies demand that we find a third mechanism as a solution. Consequently, this book introduces a third mechanism, the fractal quintuple helix academic spin-offs, to overcome the weaknesses of entrepreneurship education, the financial and non-financial support system, and the remaining actors in the existing entrepreneurial ecosystem.

Shantha Indrajith Hikkaduwa Liyanage holds a PhD and is a Research Fellow in Business Management at Botho University (Gaborone, Botswana) and senior research associate at Durban University of Technology (Durban, South Africa). He started out as a practicing lawyer with a special interest in business and environmental law. His research interests include corporate governance, sustainability, entrepreneurship, energy, and water. He has presented 31 research papers at international conferences, published 29 research papers and chapters, and written 161 reviews of Scopus research articles. He is the author of Producing Green Knowledge and Innovation: A Framework for Greening Universities (Springer, 2022) and Corporate Governance and Sustainable Value Creation Models: Lessons from Germany, the United Kingdom, South Africa, India, Botswana, and Sri Lanka (Springer, 2025).