Sexism in African investment

Business Daily

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Sexism in African investment

Business Daily

Why do female entrepreneurs in Africa not get the investment capital they need? When women are navigating the male dominated finance and start-up scene in Africa, sexism can be a daily occurence. Efe Ukala is the founder of Impact Her - an organisation to help female entrepreneurs in Africa get access to finance. She says at one meeting she went to she was the only woman in the room and when one man joined them he went round the table to introduce himself to everyone except her. Mélanie Keita is the co-founder and CEO of Melanin Capital, a financial advisory firm that connects social impact entrepreneurs in Africa with investors. She tells Tamasin Ford that on a number of occasions she has set up meetings with potential investors only for them to hit on her. Manka Angwafo, the founder and CEO of agribusiness company, Grassland Cameroon, says women just aren't listened to on the continent. And Tokunboh Ishmael is the co-founder and MD of Alithea Capital, a private equity fund management firm based in Nigeria which has set up a fund aimed at proactively seeking out female founders and diverse management teams to invest in their businesses. (Picture credit: Getty creative)
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Why do female entrepreneurs in Africa not get the investment capital they need? When women are navigating the male dominated finance and start-up scene in Africa, sexism can be a daily occurence. Efe Ukala is the founder of Impact Her - an organisation to help female entrepreneurs in Africa get access to finance. She says at one meeting she went to she was the only woman in the room and when one man joined them he went round the table to introduce himself to everyone except her. Mélanie Keita is the co-founder and CEO of Melanin Capital, a financial advisory firm that connects social impact entrepreneurs in Africa with investors. She tells Tamasin Ford that on a number of occasions she has set up meetings with potential investors only for them to hit on her. Manka Angwafo, the founder and CEO of agribusiness company, Grassland Cameroon, says women just aren't listened to on the continent. And Tokunboh Ishmael is the co-founder and MD of Alithea Capital, a private equity fund management firm based in Nigeria which has set up a fund aimed at proactively seeking out female founders and diverse management teams to invest in their businesses. (Picture credit: Getty creative)
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