Women make up 50% of the population in Africa, but their skills and expertise are nowhere near adequately represented in the world of business — and that needs to change, for the benefit of everyone in the African continent.
According to the United Nations, addressing gender inequalities in Africa could generate an additional $95 billion annually. Fortunately, we are seeing positive change, and here are some particular areas where I expect to see improvements in 2024.
There is currently a $42 billion financing gap for women in business in Africa. Lending to women is seen as riskier, so interest rates are higher and women traditionally have less collateral. However, more funding for female entrepreneurs and business owners is becoming available.
About the author
Eveline Tall
Eveline Tall is the chairperson at E and Partners and former deputy CEO/COO at Ecobank Transnational Inc. She is a distinguished leader in the financial industry, offering insights into the current state of gender investment disparities and the potential for women to drive Africa's economic growth.
