Over the past few weeks, I have written stories of women in tech, particularly of those who are founders in this male-dominated industry. Beyond reading these stories, it is important to ensure that we, as a people, take actionable steps to bridge the gaps that exist today. Find the collection of stories below. I hope you enjoy the read. Only 10% of Nigerian female-led startups got funding in 5 years https://lnkd.in/df_gnARr 55 percent of African female founders face funding hurdles — Report https://lnkd.in/dfmFUc-a Only 16.7% of women-owned businesses access loans from banks — Moniepoint https://lnkd.in/dABqZrPw ‘Women founders are over-mentored but underfunded’ https://lnkd.in/dvkPfzpT Closing gender gap will unlock $287bn for Africa’s economy — Report https://lnkd.in/dW5Dn626 Eight women shaping Nigeria’s payment space https://lnkd.in/d8vC7gy6 GSMA outline solutions to Nigeria’s mobile gender gap https://lnkd.in/d9TZ9g8k 10 women shaping Nigeria’s telecom industry https://lnkd.in/dgEkW69d Tech leaders urge women to seize opportunities https://lnkd.in/dMnw6s3X
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Standard Chartered Bank Ghana Awards GH₵ 936 K (~ USD 105 K) to Winners of Women in Tech Incubator Standard Chartered Bank Ghana PLC has announced the winners of the fourth cohort of its Women in Tech Incubator program at a recent graduation ceremony in Accra. Six women-led businesses were awarded a total of GH₵ 936 K (~ USD 105 K) in grants to propel their innovative ventures. The winning businesses, selected from a pool of 20 talented applicants, showcased their potential to drive positive change in their respective industries. The six companies include Zuputo, Poka Technology Ltd, Even Sparrows Farms, Drdogood, AppCyclers, and FreshLine Post Harvest Solutions. The selection followed a six-month program and pitch session, and each winning business received GH₵ 156 K (~ USD 17.5 K) to advance their operations and drive innovation. With the support of the grants, these businesses are poised to scale their operations, create jobs, and address pressing social challenges. Launched in 2020 in partnership with Ashesi University’s Ghana Climate Innovation Centre, the Standard Chartered Women in Tech Incubator aims to empower women entrepreneurs and bridge the gender gap in technology. By providing mentorship, training, and funding, the program equips women with the tools and resources needed to succeed. So far, the program has supported 74 businesses and provided seed funding to 21 participants. The winners’ contributions are expected to make a significant impact on Ghana’s economic development.
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🌟 Our Beyond the Noise Report on the Gender Funding Gap is finally out! 📥 Download the report here: https://bit.ly/4gb8zmK 🔎 There were 4 key findings from the project: 🚩 There are many behaviours amongst women-only startup founders that look like preferences but are problems. For example, raising smaller sums of funding and raising funding more slowly are seen as preferences, but they are a result of the challenges of fundraising in the ecosystem. 🪺 The majority of funding to women-only startup founders is grants from accelerator and incubator programmes. Grants funding to women-only startup founders has been nearly increased 10x since 2017. Yet, the amount of commercial funding remains stagnant and women-only startup founders who raise grant funding at first are less likely than their male counterparts to go on to raise more funding, commercial or grants. 🎯 The sectors where women-only startup founders raise funding are sectors where the whole ecosystem is struggling to raise funding. Women-only startup founders are less present in sectors like Fintech and Climate Tech which account for the majority of funding in Africa. The majority of women-only startup founders are in sectors like Edtech, Healthtech (incl. Femtech) and Agriculture. These sectors are not just underfunded for women-only startups but for all startup founders. 💰 Angel and early-stage investors are the primary commercial funding option for women-only startup founders. For every 1 investment DFIs, VCs, and impact investors make into women-only led startups, they make 2 investments into men-only led startups. Angels and Angel syndicates on average invest in 1 woman entrepreneur when they invest in 1 man entrepreneur. Thank you Women Who Build Africa Assembly for having us there and to launch our report in front of the crowd of women founders, investors, ESOs, and gender-lens investors. There are a lot of interesting conversations happening at the assembly and it was an honour to start the assembly with important data! Thank you to everyone in the team who has poured a lot into this report Hangyul Lee-Song, Thuli Montana, Precious Oyelade David Saunders, Temitayo Ipinlaiye, Anthony William Catt, Mariam Adeoti. Lastly, we hope this report brings constructive changes for women founders, led by UK South Africa Tech Hub, UK-Kenya Tech Hub, and UK-Nigeria Tech Hub. Thank you again Foreign, Commonwealth and Development Office (FCDO) for funding this report. #BeyondTheNoise #WomenEntrepreneurs #InvestingInWomen #Africa
The data behind the gender funding gap in Africa’s startup ecosystem — Briter
briterbridges.com
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Founder & CEO | Advancing AI Microchip Design & Inclusive Workforce Development in Africa and U.S.
Nigeria and Africa’s tech ecosystem needs careful and intentional nurturing. Africa doesn’t need Sharks, but purpose-driven investors that are not just in it for the money but for the mission and potential massive impact! In Africa, many families and generations will be transformed through nurturing and relationships.
Our Managing Director and Co-founder, 'Tokunboh Ishmael, CFA, is featured in an article spotlighting ten female executives supporting Nigeria's unicorns and fostering growth in the country's tech ecosystem. These remarkable women are at the forefront of Nigeria’s transformation journey, challenging traditional narratives, enabling inclusion, and shaping the future. Dive deeper into their impactful work in this insightful article by Nairametrics: https://lnkd.in/ePPt4SZW #WomenInVC #VentureCapital #AlitheiaCapital
Meet 10 Female VC Execs backing Nigeria’s billion-dollar startup ecosystem
https://nairametrics.com
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Despite the rapid growth in The tech industry in Africa, there’s still a big problem – not enough women are involved, and funding opportunities for women-led startups are limited. Few women start their businesses, lead projects, or help others succeed. Follow the link to see our list of women revolutionising the African Tech scene: https://lnkd.in/d74Ss2bB
Four female founders revolutionising the African tech scene.
https://thebenchmark.com.ng
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Female-focused angel networks are playing a pivotal role in bridging the gender funding gap across Africa. In a recent article by Techpoint Africa, Victor Olaniyan highlights key players such as Rising Tide Africa and FirstCheck Africa that are working to support female-led startups with capital, mentorship, and educational resources. Featured individuals like Yemi Keri of Rising Tide Africa and Eloho Omame of FirstCheck Africa provide insight into the future of funding for women entrepreneurs. It's an encouraging step toward a more inclusive entrepreneurial ecosystem. https://lnkd.in/evnnCTZJ #WomenInVC
Female-focused angel networks empowering African entrepreneurs
techpoint.africa
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IFC - International Finance Corporation has announced the names of 100 women-led startup owners selected to participate in the She Wins Africa program, an IFC-led initiative that aims to accelerate access to capital for women-led startups across sub-Saharan Africa.
IFC Names 100 Women Startups to Receive Growth Support via She Wins Africa - Tech | Business | Economy
https://techeconomy.ng
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Check out this report to find insightful information regarding the gender funding gap in Africa! The report highlights gender related barriers within Africa’s startup ecosystem and recent trends.
🌟 Our Beyond the Noise Report on the Gender Funding Gap is finally out! 📥 Download the report here: https://bit.ly/4gb8zmK 🔎 There were 4 key findings from the project: 🚩 There are many behaviours amongst women-only startup founders that look like preferences but are problems. For example, raising smaller sums of funding and raising funding more slowly are seen as preferences, but they are a result of the challenges of fundraising in the ecosystem. 🪺 The majority of funding to women-only startup founders is grants from accelerator and incubator programmes. Grants funding to women-only startup founders has been nearly increased 10x since 2017. Yet, the amount of commercial funding remains stagnant and women-only startup founders who raise grant funding at first are less likely than their male counterparts to go on to raise more funding, commercial or grants. 🎯 The sectors where women-only startup founders raise funding are sectors where the whole ecosystem is struggling to raise funding. Women-only startup founders are less present in sectors like Fintech and Climate Tech which account for the majority of funding in Africa. The majority of women-only startup founders are in sectors like Edtech, Healthtech (incl. Femtech) and Agriculture. These sectors are not just underfunded for women-only startups but for all startup founders. 💰 Angel and early-stage investors are the primary commercial funding option for women-only startup founders. For every 1 investment DFIs, VCs, and impact investors make into women-only led startups, they make 2 investments into men-only led startups. Angels and Angel syndicates on average invest in 1 woman entrepreneur when they invest in 1 man entrepreneur. Thank you Women Who Build Africa Assembly for having us there and to launch our report in front of the crowd of women founders, investors, ESOs, and gender-lens investors. There are a lot of interesting conversations happening at the assembly and it was an honour to start the assembly with important data! Thank you to everyone in the team who has poured a lot into this report Hangyul Lee-Song, Thuli Montana, Precious Oyelade David Saunders, Temitayo Ipinlaiye, Anthony William Catt, Mariam Adeoti. Lastly, we hope this report brings constructive changes for women founders, led by UK South Africa Tech Hub, UK-Kenya Tech Hub, and UK-Nigeria Tech Hub. Thank you again Foreign, Commonwealth and Development Office (FCDO) for funding this report. #BeyondTheNoise #WomenEntrepreneurs #InvestingInWomen #Africa
The data behind the gender funding gap in Africa’s startup ecosystem — Briter
briterbridges.com
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Associate Professor Entrepreneurship I Founder of Nampelka I Impact Entrepreneurship I Africa
Did you know that women-led tech startups in #Africa are achieving a remarkable 35% higher return on investment compared to their counterparts led by men! 🚀💼 Their success is attributed to: 1️⃣ Long-term growth: Prioritizing sustainability and social impact for lasting success. 2️⃣ Navigating uncertainty: Resilience and adaptability in complex environments. 3️⃣ Human-centric leadership: Creating supportive work environments that drive innovation. You want to know more about it? 👉 Check out our latest blog post together with Kanto Ranaivosoa https://wix.to/jzl4082 #impact #entrepreneurship #Africa #femalefounders #tech #digital
Shattering the Glass Ceiling: Women-Led Tech Startups in Africa Achieve Better Financial Results
alisasydow.com
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Closing the investment gap for women-led startups in Africa. https://lnkd.in/dt5pDKmm Africa Female Founders Collective #Techmoonshot #technology #TechNews #WomenSupport #BusinessSupport #WomenEmpowerment #Africa #femalepower #womeninbusiness #smefinance #smesupport #FemaleFounders #FundingGap
Closing the investment gap for women-led startups in Africa.
https://techmoonshot.com
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There's no doubt that #FemaleFounders are key to driving innovation through entrepreneurship. Yet, women-led startups still struggle to access #funding and scale. 🚀 The latest State of Australian #StartUp Funding Report reveals an unsettling statistic: In 2023, female-founded startups secured only 4% of Australia's $3.5 billion startup funding. There is a vast pool of untapped and underutilised talented women ready to tackle some of the world's most pressing social and environmental issues. Imagine what they could achieve with proper funding? 💰 📈 In some good news, more and more VC funds are recognising the need to close the gap by investing and committing to supporting women like F5 Collective, SBE Australia, Scale Investors Pty Ltd, and Startmate. So how can you support female founders? 🌟 Use your platform to amplify the voices of female founders by sharing their stories, feats, and initiatives in your networks! 🌟 Advocate for policy changes that support women in entrepreneurship, like increased access to funding and resources for female-led businesses. 🌟 Encourage your organizations, accelerators, and VC firms to commit to diversity in funding decisions and leadership positions. It will take all of us rolling up our sleeves and taking concrete actions to level the playing field. It's time to rally behind women-led startups! 📰 Read the Women's Agenda article: https://lnkd.in/g8vCXSkx Support a startup by women for women: www.urpenny.com 🏷️ #WomenSupportingWomen #PennyCommunity
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