Africa has seen the highest growth among businesses run by women in recent years. This would appear to be good news: entrepreneurship is arguably crucial for job creation and economic development. But the flip side of this data is that businesses run by women are less likely than those run by men to grow because of a higher fear of business failure.
This is not because women are bad entrepreneurs. Instead, it’s because they often start from a lower base. They have less start-up and investment capital and possess little or no collateral security. This limits access to loans and credit. They are also affected by exclusion from specific sectors, as well as insufficient staff numbers. All these factors affect the growth and survival of their businesses.
– What can we do to create this sort of environment for African Women Entrepreneurs?
– What happens when we finance African Women to have the freedom to grow their business
– What can African Women do to create this reality for themselves?
– How can DFIs and governments help to close the financing gap for women?
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