The index benchmark is calculated as a percentage of the total number of business owners. This is the fifth edition of MIWE, which highlights the important socio-economic contribution of women entrepreneurs around the world, including in Africa, and provides an overview of the factors that stimulate and hinder their advancement.
In many African countries, the advancement of women is hindered by less favorable entrepreneurial conditions, lack of funding, fewer opportunities for higher level education, as well as structural barriers.
Botswana, however, ranks among the top 15 global economies in terms of advancement outcomes for women, particularly in performance by income, surpassing high-income and developed economies such as Canada, the United States States, New Zealand, Switzerland. and Australia. Botswana also scores highly in MIWE’s 2021 “Female Labor Force Participation Rates”, ranking 13th in the world.
Nigeria Joins Angola and Ghana in Global Top Women’s Entrepreneurial Activity
According to the report, Nigeria, alongside Angola and Ghana, ranked first globally in female entrepreneurship activity rate in the MasterCard Index of Women Entrepreneurs (MIWE) 2021.
Nigeria also ranked second in the world for the number of “professional and technical workers” at 59.1%, while Angola ranked second in the world for hiring intentions with 16.4 % of adults planning to employ six or more people in the next.
Despite the challenges posed by the pandemic and economic downturn, Mastercard research indicates that women entrepreneurs in Africa are resilient and adaptable, especially those in low- and middle-income economies, often outpacing men in entrepreneurial activity.
Ebehijie Momoh, Country Manager and Area Business Head for West Africa at MasterCard, commended African countries for their efforts in entrepreneurship and SMEs.
He added that “women in Botswana, Uganda, Ghana, Nigeria and Angola stand out as prime examples of women’s determination to support themselves and their families despite financial challenges, regulatory and technical. In these economies, women are able to take advantage of opportunities in their respective environments to become business owners, managers, and professional or technical workers. »
As part of Mastercard’s commitment to creating a world where women entrepreneurs are equally represented and supported, the company has made a global commitment to connect 25 million women entrepreneurs to the digital economy of by 2025. Not only will empowering female entrepreneurship act as a catalyst for growth and innovation, but it will uplift communities around successful women and fuel a more equitable and sustainable global recovery for all.