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Funding Women-run Businesses in Africa

Readers will have seen that the monthly interviews by Mpho Sekwele return last month after the Festive Season break. This month she interviews  Angola born Changemaker, Mentor and Entrepreneur, Maria Pedro Miala on the subject – Mobile Health Shifting the African Narrative Beyond Borders. If you have a someone to nominate for an interview please let me know (alasdtair@ecomafrica.org). Meanwhile, we reported recently that of all the venture capital funding in Africa, only 2% goes to women-owned and run businesses, and worldwide a recent study showed that corporations spend just 1% of their funds for acquisitions specifically on women-owned businesses. Sub-Saharan Africa has some of the world’s highest rates of female entrepreneurship, but businesswomen, therefore, struggle to get financing. A Washington-based nonprofit is trying to change that and says that supporting women-owned businesses has positive social effects. WEConnect International brings businesswomen to the forefront, by linking women-owned businesses to qualified buyers and running educational seminars for women entrepreneurs – see https://weconnectinternational.org/en/network/africa/south-africa

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Alastair Tempest

Alastair Tempest

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