GSMA, a global telecom body, addresses hurdles women face in gaining funding for start-ups in Low-and Middle-Income Countries (LMICs), as outlined in their report, "Funding Female Inclusive Start-ups." Women entrepreneurs worldwide face barriers like wage discrimination and credit inaccessibility. Shockingly, just 11% of Africa’s tech start-ups are female-led. Notably, female-led start-ups receive 65% of the funding compared to their male counterparts. To bridge these gaps, GSMA suggests tailored outreach strategies, highlighting female role models, and promoting gender action plans to inspire future female entrepreneurs. It’s not just equitable, it’s beneficial for economic growth.
Question: How can communities further support female entrepreneurs in overcoming funding challenges? Share your thoughts!
