Making the Case for Humane & Social Entrepreneurship
Making the Case for Humane & Social Entrepreneurship
Beyond the staggering tragedy that is the death and illness of thousands of people the world over, the COVID-19 pandemic has also brought unprecedented economic disorder, decimating economies, and the livelihoods of citizens in rich and poor nations alike. The International Trade Centre projected that, globally, one in every five micro, small, and medium enterprises (MSMEs) will go bankrupt in 2020 an alarming number considering that, in Africa, this category of business provides nearly 80 percent of sorely needed youth employment. The pandemic is estimated to push about 40 million people in the region into extreme poverty in 2020. That kind of abrupt uptick in suffering has not been seen in Africa since the 1980s.