The potential contribution of entrepreneurship to economic development has been widely acknowledged . Entrepreneurs do not only create employment, productivity, competition and economic growth, but also accelerate the generation, dissemination and application of innovative ideas, through developing and marketing new products or services , or applying new business models. As such, entrepreneurs are agents of change that expand the boundaries of economic activity. In recent years, governments, institutions and other policy makers in and outside Africa have therefore paid increasing attention to fostering private sector development as an engine of economic growth, and, as a solution to issues of unemployment and poverty
