Giving Compass’ Take:
• Eyerusalem Siba, writing for Brookings, believes that investment strategies to encourage female entrepreneurs in Africa are: micro-interventions, better cooperation between stake-holder led and bottom line initiatives and collective action.
• Are these strategies sustainable? What are some of the challenges when it comes to investing in women in Africa?
• Read about supporting female entrepreneurs in Gaza.
Two outstanding questions need to be answered to guide investments to successfully advance women entrepreneurship and economic empowerment. 1) What exactly are we promoting (overall economic productivity, entrepreneurship, inclusion, or all)? And 2) what is the planning horizon (long term vs short term)? The answer to these should guide the skills investment strategy.
- Micro-interventions have proven ineffective: Research has shown that micro-interventions to provide access to credit and business training for the poor have limited effectiveness in bringing major changes in women’s economic empowerment.
- Better cooperation between stake-holder led and bottom-up initiatives is vital: Recent initiatives to improve women’s access to markets and finance include government procurement for women-owned SMEs, gender budgeting, gender mainstreaming (audit) and quotas, and third-party guarantees by regional development banks.
- Collective action: One remedy would be embracing a more pluralistic approach, including promoting and creating a generation of successful women entrepreneurs who are also social entrepreneurs (i.e., making women play leadership, by example, roles in promoting women’s economic empowerment) and paying closer attention to the delivery methods of gender programming.
Read the full article on female entrepreneurship by Eyerusalem Siba at Brookings
Since you are interested in Africa, have you read these selections from Giving Compass related to impact giving and Africa?
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If you are ready to take action and invest in causes for Africa, check out these Giving Funds, Charitable Organizations and Projects related to Africa.