Africa leads the world in the number of women starting businesses, a study by Global Economic Forum has said.
The study added that Zambia and Nigeria led the pack with 40.7 per cent of women as owner-managers of their own businesses or emerging entrepreneurs.
According to the study, the number of women entrepreneurs is higher on the African continent than anywhere else in the world.
Centre for International Private Enterprise (CIPE) Country Director, Ms. Omowumi Gbadamosi, disclosed the study result at a conference organised by the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) Business Women Group (NAWORG) in Lagos, during the week.
Speaking on the theme, “Challenges facing women-owned business,” Ms. Gbadamosi said given women business owners’ ability to pull themselves, their families and communities out of poverty, it befitted the government to support them. She encouraged the public and private sectors to work together to ensure that women accessed the finance, training, and support they need to run successful enterprises.
Ms. Gbadamosi said in Central and Western Africa, female informal cross-border traders on average employ 1.2 people in their home businesses and support 3.2 children and 3.1 dependents who are not their children or spouses.
12 August, 2016