THE STATE OF AFRICA: UNVEILING THE UNTOLD STORY OF THE INFORMAL ECONOMY (1) by Obele Gospel

For sub-Saharan Africa, the Informal sector is nothing new. Indeed the types of activities carried out in this sector has existed even prior to colonialism. Later, independence brought in the distinction between informal Vs. formal activities as countries around the region sought to formalize or “modernize” their economies. The focus then (and indeed to some degree today) was rapid industrialization for much of the region. If is the
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