MasterCard Rates Nigeria, Others Best In Women Entrepreneurship Globally
MasterCard Index of Women Entrepreneurs (MIWE) 2021 has jointly ranked Nigeria, Angola and Ghana first in the women’s entrepreneurship activity.
Nigeria also garnered 59.1 per cent to rant second globally for the number of ‘women professional and technical workers, while Angola ranked second globally in hiring intentions with 16.4 per cent of adults planning to employ six or more people.
Mastercard is a global technology company in the payments industry, which aims to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible.
The ranking is the fifth edition of the MIWE, which puts the spotlight on the significant socio-economic contribution of women entrepreneurs around the world, including Africa and provides insights on the factors driving and inhibiting their advancement.
The Country Manager and Area Business Head for West Africa at MasterCard, Ebehijie Momoh applauded the African countries for their effort in entrepreneurial and SMEs activities.
“Women in Botswana, Uganda, Ghana, Nigeria and Angola stand out as excellent examples of women’s determination to provide for themselves and their families, despite facing financial, regulatory and technical challenges. In these economies women are able to leverage on opportunities in their respective environments to be business owners, leaders and professional or technical workers.”
The MIWE report boted that despite the challenges presented by the pandemic and economic downturn, women entrepreneurs in Africa are resilient and adaptable, particularly those in low and middle-income economies, often surpassing men in terms of entrepreneurial activity.
These rankings according to MIWE came through, despite the fact that in Nigeria and Angola ‘government SME support’ (ranked 62 and 53 respectively) and ‘general access to finance’ (ranked 61 and 63 respectively) which stood low.
On the other hand, Ghana scores slightly better on these metrics at 44 per cent for ‘government SME support’ and 37 per cent for ‘access to finance’, ranking 6th globally (69.7 percent) for ‘entrepreneurial attitudes and perceptions.
Comments are closed.