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Impression Partnership Launch
On a mission to deal with the info hole that exists on higher understanding high-growth ladies’s entrepreneurship in Africa, significantly on entry to funding, Lionesses of Africa BV (a 1.7 million sturdy community of ladies entrepreneurs in Africa) and Erasmus Centre for Entrepreneurship BV (ECE) have launched a brand new long-term strategic partnership. At an official signing ceremony on 28 September 2023 on the Rotterdam headquarters of ECE, the 2 companions introduced the brand new partnership. It should kick off with a collaborative analysis venture within the type of a quantitative and qualitative dashboard and report, highlighting the traits and drivers of Africa’s high-growth ladies entrepreneurs and offering actionable insights to assist bridge the gender hole, particularly within the monetary panorama.
Africa has the very best proportion of ladies entrepreneurs globally (based on African Improvement Financial institution & OECD, 2022 information), but this nonetheless represents solely 1 / 4 of entrepreneurs within the continent. On prime of that, dependable information about entrepreneurship is scarce in Africa – particularly concerning insights about high-growth entrepreneurship for women-led enterprises. A major objective of the primary analysis venture to be undertaken underneath this new long-term strategic partnership by Lionesses of Africa BV and Erasmus Centre for Entrepreneurship BV is to deal with two recognized information gaps. Firstly, the supply of dependable information about ladies entrepreneurs on the continent and the ventures they lead, together with their influence as important job creators. Secondly, the alternatives and limitations for ladies entrepreneurs to entry much-needed enterprise progress funding.
The analysis locations Africa’s high-growth ladies entrepreneurs at its core, to reach at insights to encourage and inform high-potential (aspiring) ladies entrepreneurs, monetary establishments, educators, policymakers and different related ecosystem supporters to drive change for a extra inclusive and affluent establishment within the African continent.
Relating to the announcement, Lionesses of Africa founder and CEO Melanie Hawken stated: “Gaining access to finance stays a dominant concern and a barrier to future progress for Africa’s ladies entrepreneurs. We all know from our insights that girls entrepreneurs finance their corporations’ actions largely by tapping inside sources of financing (largely retained earnings and private capital). Whereas lots of our high-growth potential Lionesses anticipate in search of exterior financing quickly, many do not believe within the willingness of monetary establishments to offer the loans or credit score they’ll want. To alter this case, we have to deal with the present information hole. Our new partnership with Erasmus Centre for Entrepreneurship will play a key position in offering the insights that banks and monetary establishments have to do issues otherwise.”
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