How female entrepreneurship remains key for Africa’s growth

The journey towards gender inclusivity and empowerment in the African business landscape has been marked by significant progress over the last decade. Female entrepreneurs are breaking barriers, stepping into boardrooms, and making their mark across various sectors. Ibukun Awosika, CEO of Sokoa Chair Centre and former Board Chair of First Bank of Nigeria, highlights the strides made by women in business management and leadership in Nigeria. She emphasizes the importance of deliberate preparation and empowerment of women to thrive in leadership roles, shifting the narrative from a gender conversation to an economic imperative. Awosika points out that diversity in boardrooms and top executive positions leads to better decision-making and results. With women constituting 50% of Africa's population, tapping into this vast resource is crucial for maximizing economic potential. While progress has been made, there is still a long road ahead, particularly in the political sphere where women need to have a stronger presence to drive policy decisions that impact the economy. The discussion extends to the challenges women face in stepping into the political arena. Structural barriers and lack of support often hinder female candidates from emerging as viable leaders. Awosika calls for a refined political process that fosters the emergence of qualified candidates, urging economically successful women to support promising leaders financially. As a mentor to many aspiring female leaders, Awosika emphasizes the importance of continuous learning, empowerment, and maintaining core values. She advises mentees to stay informed, confident, and true to their principles, acknowledging that the journey to the boardroom is paved with challenges. True success, she believes, lies in standing firm, speaking up, and playing the long game with integrity. In conclusion, empowering female entrepreneurs is not just a matter of gender equality but a strategic imperative for Africa's growth. As more women join the ranks of business and political leadership, the continent stands to benefit from diverse perspectives, innovative solutions, and inclusive decision-making processes. The progress made so far serves as a testament to the resilience and determination of African women in driving change and shaping the future of the continent.