Why start-ups are vital engines for economic growth
DAR ES SALAAM, Oct. 21 -- START-UPS are increasingly becoming important drivers of economic growth, job creation and innovation, particularly in developing nations striving to improve living standards and reduce poverty.
By supporting emerging businesses, governments can unlock the potential of entrepreneurs, create employment opportunities and build more resilient economies.
For countries such as Tanzania, where many young people enter the labour market every year, start-ups offer a practical way of addressing unemployment.
Rather than relying solely on the government and established companies to provide jobs, young entrepreneurs can establish businesses that employ themselves and others.
These enterprises may begin small but, with p...
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