Economists project that by 2060, Africa’s middle class population, which is currently about 300 million people, will triple to about 1 billion people. This will without a doubt present a lucrative market for products and services that all companies, including multinationals, are eager to access. In his book, The Fortune at the Bottom of the
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
Smart and effective collaboration is paramount to your business success as an entrepreneur because the 21st century is all about forging relationships. There is no question that the world is converging and becoming smaller, faster every day. A 2016 PwC study of more than 1,400 CEOs across 83 countries found that they were more
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 Bad land tenure systems, drought and outdated agricultural tools are some of the factors contributing to this crisis.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
How often do you stop to celebrate your successes? For the most part, entrepreneurs stay focused on achieving goals but as soon as they reach them, they move straight onto the next plan with little or no time to stop and savor special moments. We are somehow conditioned to be “destination seekers,” defining success in
In sub-Saharan Africa, just 15% of landowners are women and they receive less than 10% of credit, 7% of extension services, and have less access to technologies compared to their male counterpart. Yet women farmers are just as efficient as men and would achieve the same yields if not higher if they had equal resources,