There is a considerable debate about the value of a business plan as a predictor of success in a new venture. As a result, many entrepreneurs opt to take their products or services to market by improvising along the way rather than waste time on elaborate business plans. While there is validity in a notion
Over the years various studies have found that female entrepreneurs receive smaller loans than their male counterparts but no evidence of gender bias was ever brought to light. Recently, I came across two studies that prove that some of the obstacles women face in gaining access to funding have to do with the different standards
Despite various challenges that Africa is facing, it is still home to seven of the ten fastest growing economies in the world. Therefore, it continues to be one of the most desirable investment destinations. So, if you are eager and ready to seize business opportunities on the continent, here is what you should know.
For the most part, people who are drawn to you probably possess more qualities that are similar to yours than those that are different. Similarly, mentors tend to gravitate towards mentees who remind them of themselves when they were younger, and as a result are inclined to believe in these mentees’ potential than those that
Your first thought may be: “Why would I ever turn down a project as a small business?” Well, there are various reasons entrepreneurs may want to consider declining projects from clients; one of them being insufficient compensation. Lionesses, where do you draw the line between balancing the short term pressure of making money and letting
Research conducted by the African Development Bank shows an increase ranging from 10 – 30% in the number of women-led enterprises over the last decade. In Uganda alone, women account for 40% of all businesses. So, female entrepreneurs have a significant role to play in Africa’s economic and innovative transformation. For the most
Over the years Uganda has been recognized as one of the food baskets of East Africa due to its fertile soil and adequate rain; but now the country faces the biggest food shortage crisis in its history. Bad land tenure systems, drought and outdated agricultural tools are some of the factors contributing to this crisis.
Women have historically received a smaller share of total small business loans as compared to men. According to a recent study conducted by Fundera, an online small business aggregator, there is a consistent and systemic disparity between how men and women finance their small businesses. Basically, women entrepreneurs receive fewer and smaller loans
Microfinance Institutions are growing in importance in Africa as a source of start-up capital for many entrepreneurs. Furthermore, innovative business models pioneered in East Africa are now spreading across the continent in an attempt to advance traditional microfinance methods; since formal financial markets remain out of reach for many women operating micro and small enterprises.
According to McKinsey Global Institute, advancing women’s equality can add $12 trillion to the global growth by 2025. McKinsey Global Institute (MGI) further reveals that there is lower representation of women in paid work in contrast to their higher representation in unpaid work. At least 75% of the world’s total unpaid care is undertaken by