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The bulk of the poor in sub-Saharan Africa live in rural areas and Entrepreneurship is often used as a tool to curb poverty across communities. This study investigates the impact of entrepreneurship on employment and economic livelihoods in selected rural communities in Nigeria and Kenya using a Theory of Change framework. Acombination of descriptive and exploratory techniques was used to analyze the data gathered from interviews conducted among 40 respondents comprising Tony Elumelu Foundation Entrepreneurs working in rural communities and residents of the selected communities. Findings show that entrepreneurship contributes to the employment of locals in the communities, especially in sectors like Agriculture and Manufacturing. The study recommends that international organisations, government, and the private sector should support the growth and expansion of entrepreneurship which would provide direct employment for rural dwellers and consequently sustain livelihoods.