A recent survey has disclosed that fewer than half (45%) of women feel financially independent.
Contrarily, approximately 38% of women who do not assess themselves as financially independent, feel they cannot make their own life choices and decisions as a result of outstanding debts or dependence on a partner’s income.
Google.org has announced the 34 funding recipients of the Google.org Impact Challenge for Women and Girls. The $25-million global philanthropy challenge was launched in March 2021 and called for gender equity-focused organisations to submit their ideas to create a more equitable economic reality for women and girls.
To provide a platform for female African talents, e-commerce Conglomerate, Amazon, has partnered with AGS Tribe, Africa’s female-focused community for economic growth, to deepen their diversity and inclusion efforts. Since 2019, the AGS Tribe, a women’s community with a focus on enabling women for success, has been working on creating and providing amazing opportunities for women and youths in Nigeria and Africa.
By Aditi Maheshwari
Despite the fact that Africa is leading in female self-employed statistics yet the non-progressive elements are quite evident and need reformative measures. Smart economics need to improve the playing field for women’s businesses, where women potential can be leveraged completely without any restrictive barriers to jump. Relatively scarce job opportunities for the female gender in Africa incline women towards self-employed opportunities and entrepreneurship. Average women-owned firms are either single-handed or have fewer employees and lower revenues because of capital deficit. Profits are hugely affected because of societal norms, and productivity is hampered because of diversion towards domestic tasks and investments. But in spite of the challenging atmosphere, the spirited African women have shown their tenacity to build themselves and society for the better.
Today, people are beginning to embrace the idea of having a side hustle than before, maybe because prices of goods and services are going up and we’ve realized that our monthly income can no longer take care of our bills. So, we need other streams of income to live life comfortably.
By Kembet Bolton
You have to have some connection or inheritance to make it in Africa’s business terrain is a saying that most young people will like to blame their lack of foresight or business acumen on. I have been privy to discussions where people argued passionately about one’s chances of success in Africa’s business terrain if not from a wealthy family.
By Miracle Nwankwo
With the return to school policy picking up in some countries, one should expect parents, especially working mothers and women entrepreneurs who faced difficulties in parenting during the COVID-19 pandemic to be relieved. However, in contrary, more work is needed from both parents and teachers to help these little ones adjust to the new normal. For working mothers and women entrepreneurs, it is going to be a little tougher because while children are resuming back to school the corporate and business world is also in pursuit of overcoming the downturn posed at them by the unexpected pandemic.