“African women entrepreneurs are the backbone of our economies. They are not just business leaders, but catalysts for change, creating jobs, empowering communities, and shaping the future of Africa.” Strive Masiyiwa, Founder and Executive Chairman of Econet Global. This impactful quote highlights the value of women in business, especially on this continent we call home. However, this is not an easy journey for most women in business.
Research from The African Development Bank and Roland Berger’s women in Africa Entrepreneurship study explains that women in Africa face significant obstacles in their pursuit of making an impact:
- Gender pay gap – Despite their substantial contributions to the workforce, African women continue to face a significant gender pay gap, hindering their financial independence.
- Supporting act – Women are underrepresented in leadership positions, limiting their ability to influence and shape outcomes.
- The second shift – The burden of unpaid care and family responsibilities disproportionately falls on women, often leading to a “second shift” that impacts their professional and personal lives.
- Education Obstacles – Limited access to quality education and training perpetuates inequality, hindering African women’s advancement in the workforce and leadership positions.
Breaking through the ceiling
All is not lost, The Roland Berger Women in Africa Entrepreneurship Study found that globally, Africa has the highest rate of female entrepreneurship activity with an impressive rating of 24% of women engaged in entrepreneurship in comparison with the 11% globally.
African women seem to be more motivated than ever to gain financial independence, personal fulfilment and have a social impact. They are also active across a diversity of sectors, highlighting adaptability and innovation of the African entrepreneur. Sing Mamma Africa Sing!
How can we help women in their pursuits?
- Fostering open dialogue is crucial. Organisations can empower women by raising awareness and engaging in candid conversations with key decision-makers.
- Talent identification is essential. By implementing robust assessment and leadership development programs, organisations can uncover and nurture high-potential women.
- Empowering young entrepreneurs is vital. Organisations can create supportive policies and initiatives to help women reach their full potential.
Joint Prosperity is committed to empowering women through our solutions:
- Assessments
- Fezeka Women in Asset Management programme
- Women in Leadership and Talent acceleration programmes
- Executive coaching
Empower African women, transform Africa’s future. Let’s create lasting change together.
Contact us – meetus@jp.co.za
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