It has been repeatedly documented that the rise of women’s entrepreneurship in developing countries has hit a record high over the past decade. This article examines the direct and indirect causes of the rapid growth of women entrepreneurs in developing countries. Light is also shed on significant challenges to faster growth of female entrepreneurship and key factors to sustain this positive trend are proposed.
Sub-Saharan Africa (SSA) is currently the second fastest growing region of the world after Asia. Two publications (McKinsey Global Institute, 2010 and The Economist, 2011) highlighted the positive prospects of African economies driven by a rise in entrepreneurial activity. This renewed interest in Africa calls for action from management scholars.
This article examines this growth from the perspective of women entrepreneurs who currently occupy larger statistics compared to the entire history of Africa as a continent. Compared to other regions of the world, sub-Saharan Africa has the highest number of female entrepreneurs. These women are mostly owners of small businesses and local community shops serving the unmet needs of their homes and consumers.These include hair salon owners, high-tech visionaries and everything in between, all making critical economic contributions.
Inhaltsverzeichnis (Table of Contents)
- Introduction
- Rapid rise of the female boss
- Huddles and storms
- Will the fire keep burning?
- Conclusions and recommendations
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This article examines the rapid growth of women entrepreneurs in developing countries, focusing on the case of sub-Saharan Africa. It aims to identify the direct and indirect causes of this phenomenon, highlighting the significant challenges faced by female entrepreneurs and proposing key factors for sustaining this positive trend.
- The rise of women's entrepreneurship in developing countries
- Challenges to faster growth of female entrepreneurship
- Key factors to sustain the positive trend of women's entrepreneurship
- Women's role in economic growth and poverty reduction
- The importance of inclusive growth and support for women entrepreneurs
Zusammenfassung der Kapitel (Chapter Summaries)
- Introduction: This chapter presents the context for the study, highlighting the historical marginalization of women in sub-Saharan Africa and the recent surge in female business ownership. It emphasizes the significance of entrepreneurship in job creation, income generation, and reducing inequalities.
- Rapid rise of the female boss: This chapter explores the key sectors in the African economy that have experienced rapid growth, focusing on agriculture and tourism. It showcases examples of successful women entrepreneurs and their contributions to job creation and economic development.
- Huddles and storms: This chapter delves into the challenges faced by women entrepreneurs, particularly access to finance and insufficient management training. It provides real-world examples of obstacles women entrepreneurs encounter and discusses the impact of these challenges on their growth potential.
- Will the fire keep burning?: This chapter examines the need for sustained support for women entrepreneurs to ensure continued growth and positive impact. It emphasizes the importance of addressing specific barriers women's businesses face and leveraging their economic power for achieving development goals.
Schlüsselwörter (Keywords)
This article focuses on the rise of women entrepreneurs in developing countries, particularly sub-Saharan Africa. Key terms include women's entrepreneurship, economic growth, poverty reduction, access to finance, management training, inclusive growth, and gender equality.
- Quote paper
- Nabukeera Huda Siraje (Author), 2015, Rise of women entrepreneurs in developing countries, Munich, GRIN Verlag, https://www.grin.com/document/293763
