Gender-lens investing key to achieve socio-economic equity

A trade expo in Nairobi to empower women-owned enterprises in Nairobi on International Women’s Day in 2021. FILE PHOTO | NMG      

Did you know that women create twice as much revenue per dollar invested as men in business; firms filling at least half of their leadership positions with women have higher sales growth, earnings and return on assets; women are more likely to start sustainably focused businesses; and that companies with women on boards are more likely to improve energy efficiency, lower company costs and invest in renewable power?

Africa has made great strides in the past few years regarding women empowerment. There is increased participation of women in both the political and socio-economic scene. There are more women business owners, Presidents, Prime Ministers, chief executives, chief financial officers and other senior roles that were hitherto male-associated. It’s encouraging that 18 percent of all businesses in Africa are women-owned.

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Note: The results are not exact but very close to the actual.