Evidence from Rwandese manufacturing industry

This paper, an output of the African Policy Dialogues in Rwanda, looks at the effects of corporate governance on corporate entrepreneurship and firm performance in Rwandese manufacturing industry.  The objectives of this paper are to determine effects of corporate governance on corporate entrepreneurship of Rwandese manufacturing firms, and evaluate effects of corporate governance on Rwandese manufacturing firms.

Key messages

  • The background of top managers contributes significantly to both corporate entrepreneurship and corporate performance.
  • The sole proprietorship organizational form harms entrepreneurial activities and is negatively related to financial performance of manufacturing firms because of considerable financial constraints.
  • Electricity and raw materials expenses contribute significantly and positively to financial performance of Rwandese manufacturing firms.
  • Informal competition has no effect on entrepreneurial activities of manufacturing firms, however it harms their financial performance because firms are more interested in the short term business development rather than in the long term strategic innovative actions.


  • In order to boost internal entrepreneurial activities of manufacturing firms, focus more on the background and motivation of top managers.
  • Manufacturing firms require access finance as a key element for their internal entrepreneurship development.
  • Avail electricity and raw materials in order to improve manufacturing firms’ financial performance and corporate entrepreneurship.


  • Effects of corporate governance on corporate entrepreneurship and firm performance Download Report
Share this post

Related items

Green jobs & the future of work in Africa: the story of Olivia Onyemaobi and Pad-Up Creations

In this video, we present the story of Olivia Onyemaobi, Nigerian entrepreneur and founder of Pad-Up Creations, a social enterprise producing affordable and eco-friendly sanitary pads in partnership with CFYE.

Digital Skills for Youth Employment in Africa

Digitalisation and technological advancements are changing the world of work and the skills needed for employment. In Sub-Saharan Africa alone an estimated 230 million jobs will require digital skills within the next decade offering employment opportunities for its ever growing youth population. However, young people in Africa face several barriers that prevent them to obtain the types of skills required for employment. The evidence synthesis paper published by INCLUDE explores the challenges and opportunities of this digital transformation and presents recommendations of how to equip Africa’s youth for the future of work.

By Ruth van de Velde +3 more
A decent proposal: self-employment for women in Uganda

This blog is part of a case study that examined decent work in the context of the work lives of self-employed and rural women in central Uganda in collaboration with 100WEEKS, a cash transfer graduation programme.

Six key insights for green jobs for youth in Africa

The African green transition has the potential to create a plurality of job opportunities that help tackle the negative consequences of climate change: green jobs. To find out what is needed to facilitate green jobs for young people in Africa, INCLUDE and Palladium engaged in a collaborative research project in the context of the Challenge Fund for Youth Employment.

Siri profile picture
youth at work 2 pager
Youth @ Work: 5 pathways for change

How to address the African missing job crisis through green and digital jobs, while assuring that none is left behind? INCLUDE's recently published evidence synthesis paper series provides a number of potential solutions: they were discussed in the webinar series Youth@Work, from which we present five key insights.

Maya Turolla Profile