Tackling the Gender Finance Gap

Providing better access to finance for women entrepreneurs in Africa is an ongoing challenge and the theory that there is a gender financing gap globally, not just here on the African continent, is now fact according to the fascinating report “Sources of Economic Hope: Women’s Entrepreneurship, Ewing Marion Kauffman Foundation, 11/2014”. It points to some interesting statistics - for example, did you know that women begin companies with 50% less capital than their male counterparts? Or that only 5.4% of women are likely to access networks of close friends, family and acquaintances in search of funding compared to 22.7% of their male counterparts? Or finally that women are ⅓ as likely to access equity financing through angel investments or venture capital? So, who is going to step up to the plate and help bridge the gender financing gap for women entrepreneurs in Africa and allow them to fulfil their game-changing potential?