Over the past two weeks, I have been speaking to truly inspirational women entrepreneurs across the continent at various conferences and seminars - and, one thing has stood out for me at each event. Those women entrepreneurs who follow their passion as the basis for building their businesses, seem to be the ones who go the distance, even in the most challenging of circumstances. Their passion for what they do, be it building innovative low cost housing solutions, or creating beautiful and unique Afro-luxe products, or creating the next IT solutions powerhouse, carries them through even in tough times. They are proof positive that it's easier to succeed as an entrepreneur if you follow your passion.
Read moreThe way to a winning nation - entrepreneurship
So, what makes a winning nation in Africa? Well, according to the 2014 Africa Prosperity Report, it's entrepreneurship. Those nations that create an environment where entrepreneurs can thrive by encouraging 'out of the box' thinking and innovation; or providing access to finance and new markets; are ultimately more successful. This is certainly the case in Africa - the top 10 winning countries in the report actively support entrepreneurship, and women are key drivers of this trend. Countries such as Botswana (1st overall in the report) and Rwanda (most improved country), are both exciting places for women entrepreneurs to launch businesses. According to Novella Bottini, Prosperity Index Economist, initiatives that support women's empowerment and a more active participation in business will be key for future prosperity.
Read moreAfroluxe putting Africa on the global retail map
Over the past decade for luxury global brands, China with its growing new consumer class has represented an exciting and vast new marketing opportunity. These leading global luxury brands have certainly capitalized on the opportunity, but make no mistake, they are already looking for the next China - and Africa is on their radar! According to a new report by leading global strategy and management consulting firm, A.T.Kearney, sub-Saharan Africa will be the fastest growing, biggest luxury retail story by 2040. This is good news for the continent's home grown Afroluxe retailers who are already captivating the world with their unique and innovative products and designs.
Read moreWhy we're all social entrepreneurs
Women social entrepreneurs are actively working to change the world for the better and are leading a new way of responsible thinking. However, Africa's challenges are immense, and as an entrepreneurial collective, we all have a responsibility to play our part in making positive change happen. The label 'social entrepreneurs' suggests perhaps that the burden of responsibility lies with a few, dedicated change agents; however, the world's problems don't fit into such compartmentalised boxes. As women entrepreneurs, we are innovative, we think 'out of the box', we make things happen fast - so, why are we not applying these talents to solving many of Africa's challenges? At the heart of it, we all need to think of ourselves as 'social entrepreneurs’.
Read moreUnlocking the potential of women entrepreneurs
Removing the barriers that hinder women from thriving as entrepreneurs would go a long way to facilitate growth in Africa by unlocking a huge amount of human capital. To a far greater extent than men, women business owners invest in their communities. Arancha González of the International Trade Centre has stated that “women entrepreneurs invest 90% of their revenues into the community.” González goes on to say that women entrepreneurs are “not only an amazing engine for growth, but they are an amazing engine for equitably distributing growth.”
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