Opportunities for female entrepreneurs have been dwelling across the globe. With the world moving towards creating better options for people from different walks of life, the one thing drawing major attention is the decreasing gap between men and women entrepreneurs. Gone are the days when business lines and startups were a man's thing. The present belongs to an able person who is not attached to the gender category they belong to.
One country which is leading by example over here in Africa. If you look at the statistics stated by the MasterCard Index Of Women Entrepreneurs (MIWE) 2021, three major places, namely Botswana, Ghana, and South Africa, are home to the highest percentage of women entrepreneurs.
These are not confined to Africa. These are global numbers!
About The Women Entrepreneurs In Africa
Women in Africa are helping the continent propel because of their splendid role in various startups. In 2018, women contributed 33% of the collective GDP of Africa. The need of the hour is to achieve more growth, which can be done by unleashing female-led startups' potential. Hence, if you are an aspiring entrepreneur, you should learn about the grants for African female entrepreneurs.
Also, the traditional approach should be scrapped. There should be a collective move towards creating an equitable business environment for women to innovate, plan, implement, and thrive. The present is promising, laying the foundation for a better tomorrow. As per research revolving around Sub-Saharan Africa, if the currently existing gender gap is bridged, the African GDP will increase. The country's GDP will likely grow and reach $316 billion by the end of 2025.
Potential Of Female-Led Startups
Well, if you are wondering that these were predictions before the outbreak of the coronavirus pandemic in 2020, here are some things that you should know.
When the sociocultural constraints are addressed timely, it is nothing short of a boost to an African businesswoman's ideas, innovation, and confidence. Addressing these issues will help improve female business founders' potential and engagement in the startup space if governments and policymakers address these issues.
According to Harvard research, there has been an increase in the rate of female-owned businesses. The reduction in the gender gap in Africa is a major factor accelerating this growth; hence, the future is bright.
Another study suggests that women entrepreneurs have contributed to the African economic growth of $250-$300 billion. If you talk about the percentage of GDP growth, the amount accounts for 13% growth in Africa's GDP.
Women Entrepreneurs In Africa
The African business women's network is expanding, and it is home to the following people developing specific services for the African population.
Well-known as a beauty specialist, she is idolized for the way she runs the FC Beauty College. She trains young women for their hair and beauty treatment. The school has been running for two decades and is thriving.
Her steps in the beauty and cosmetics industry have been immense, and you have many options based on your skincare needs, from lotions to wash and cleanse products. Further, you can see the brand flourish from the acne control gels, toners, and a huge variety.
She is an amazing industrialist, and you can get inspiration from her. She is the founder and executive director of Reroy Cables Limited and, further runs Boamah Foundation, an NGO offering support and assistance to the aged people of the African community.
If you are a budding young women entrepreneur in Africa, you can seek guidance and assistance from her and learn leadership and governance skills like no other.
Now comes the one that is changing the face of the way people see taxi services in Ghana. Supreme Taxi is a propelling taxi business in Ghana that offers people a combination of luxury, comfort, and convenience so that they travel with options that work for them.
She is a businesswoman whose brainchild is here to change how people travel in Ghana. She is a young, at-heart entrepreneur doing her bit not only the society but also for her people, the people of Ghana. It is where her roots belong and where she drew her values and inspiration from.
Conclusion
Successful female entrepreneurs in Africa are taking a step parallel to men, which is a great step toward reducing gender disparity. Not only are the business figures led by women in Ghana promising, but they also show a glimpse towards a better tomorrow. The startups are generating better jobs for people and driving the economy towards women's empowerment which is an applaudable step in the 21st century. Also, it leaves an excellent social print that will help the African continent grow in the times to come.
