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International Business Times UK
International Business Times UK
Business
Danielle Summer

Over 25% African Businesses Are Female-Led; But Only Get $1 For Every $25 Males Raise In Funding

Betty Mtewele, Chair of the National Women’s Association for Informal Market Traders. (Photo: UN Women/Daniel Donald)

In entrepreneurship, Africa emerges as a global standout region, boasting gender parity in self-employment and entrepreneurial pursuits, as noted by Toni Weis, a financial specialist at the World Bank's Gender Innovation Lab. This achievement is particularly noteworthy when juxtaposed with neighbouring regions like the Middle East and North Africa. However, despite this progress, African women encounter significant challenges that impede their entrepreneurial success.

Honorine Kadio, a networks and telecoms engineer for Orange in Côte d'Ivoire, sheds light on the pervasive issue of women losing business confidence, resulting in slower networking development and limited international connections. Often, women hesitate to apply for roles or feel out of their comfort zone in pursuing business opportunities, as Kadio aptly articulates.

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