Journal of African Development

Entrepreneurship plays a significant role in promoting innovation, employment generation, and economic growth, particularly in developing economies where business environments are characterized by uncertainty and resource constraints. The present study examines how entrepreneurial personality traits shape entrepreneurs' willingness to undertake calculated business risks. The study specifically focuses on personality traits such as self-confidence, need for achievement, innovativeness, internal locus of control, and tolerance for ambiguity, while also examining contextual factors including risk perception, education, financial resources, economic environment, government support, technology, networking, and political conditions. The objectives of the study are to identify the dominant entrepreneurial personality traits, examine the factors influencing entrepreneurial risk-taking, and analyse the relationship between personality traits and risk-taking behaviour. Primary data were collected from 150 entrepreneurs using a structured questionnaire and analysed using appropriate statistical techniques. The findings are expected to provide valuable insights for entrepreneurs, policymakers, educators, and business support institutions in developing strategies that strengthen entrepreneurial capabilities and encourage sustainable risk-taking for business growth and economic development.