African women have been termed as the future of the African continent. It is the only region globally, with the highest number of female entrepreneurs. Even though they boast a huge potential, they remain one of the least untapped resources in the continent. The secret of the continent is its diversity richness! #african female entrepreneurs #african female founders #black women
Expanding the opportunities for female entrepreneurs through policies that foster gender equality would have a tremendous impact on Africa’s growth, by positively impacting the continents GDP.
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The chicken and egg situation, puts African women at a disadvantage. Because many women have less access to assets. their ability to obtain medium-sized loans is limited and in many instances non-existence, In turn lack of access to capital impacts the growth of their businesses. african female entrepreneurs african female founders black women
While African women are the highest globally in numbers, majority of these businesses are one-person businesses that remain small and without a proper plan of fully commercialising them. Procurement obstacles play a huge role keeping these businesses small. african female entrepreneurs african female founders black women
Many women tend to operate smaller and less dynamic businesses, with majority of them more likely to operate in non-capital-intensive sectors, which often have lower potential for generating a high and sustainable income african female entrepreneurs african female founders black women
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