Although sub-Saharan Africa has some of the world’s highest rates of female entrepreneurship, businesswomen often struggle to get financing and build support networks. Women make up half of the world’s population, but a recent study showed that corporations spend just one percent of their funds for acquisitions specifically on women-owned businesses. 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.
SOURCE: VOA
More Stories
Trends for African Students Seeking Education Abroad
Floods and Landslides Batter Madagascar
Anyone Interested in East Africa’s Dynamic Urbanisation Process should have this Book
Filling the Gap in Locally Grown Techpreneurs
South Africa has Signed an Agreement to Reintroduce Dozens of Cheetahs in India
Enhancing Trust and Security in Digital Africa
Energy Giant Eni Signed an $8 billion Gas Deal with Libya’s State-run National Oil Corporation
Expectations of the Pope’s Visit to Africa
The First Muslim to Helm South Africa’s Biggest Metropolis
The First Africa Vegan Restaurant Week
Lagos Rising: Meet the African Designers Who are Ushering in a New Guard of Fashion
My Life in Food: Idris Elba on African Cuisine and Cooking with his Mum