Abstract
There are cultural as well as socio-economic barriers for African women who want to start their own business, but a number of projects are under way to change that. Start-ups founded by a single female or all-female teams received just 0.95 per cent and companies started by mixed teams received 18 per cent of the total funding raised, according to Briter Bridges' Africa Investment Report. There are many reasons why women are prevented from accessing this financial support, according to the manager of the African Development Bank's Affirmative Finance Action for Women in Africa (AFAWA) programme. The International Labour Office has identified digitisation and fair competition as "fundamental levellers" in the challenges facing women entrepreneurs in Africa. AFAWA also encourages women to be trained in developing a business plan, understanding finance and the importance of keeping proper financial records.
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