More

    If You Think Women Have Equal Access, Think Again!

    Although several cultures are evolving to support women entrepreneurs, socio-economic barriers continue to create challenges, particularly in regions where gender biases remain strong.

    In many countries, cultural expectations and economic factors combine to limit women’s access to vital entrepreneurial resources such as funding, education, and mentorship.

    Access to Capital

    In many cultures, there is still a prevailing belief that women are less capable of managing financial matters or making high-stakes decisions.

    This bias affects female entrepreneurs’ ability to secure funding or investment for their businesses. Women often face greater difficulty in obtaining loans or venture capital, as investors may have deep-seated cultural biases, preferring to invest in male-led businesses.

    Cultural Norms and Education

    In many societies, women are discouraged from pursuing higher education or vocational training in business and finance, leading to a lack of formal qualifications and this cultural limitation has restricted so many women from entering certain fields or industries where education and technical expertise are highly valued.

    Mentorship and Networking

    The role Networking and mentorship play in entrepreneurial success cannot be pushed aside, but for many women, societal pressures to prioritize family or domestic duties mean less time for professional networking. As a result, women in male-dominated business environments may struggle to break into established networks where access to guidance, advice, and partnerships is key.

    The cultural expectations placed on women, coupled with economic limitations, make the journey to entrepreneurship more difficult.

    The good news, however, is that many more women are overcoming these barriers by leveraging available resources, finding alternative funding models like crowdfunding, and building their own support systems while supporting other women to bring change to their societies as they join the entrepreneurial journey.

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Captcha verification failed!
    CAPTCHA user score failed. Please contact us!

    Latest

    US Reduces Visa Validity for Nigeria, Cameroon, and Ethiopia

    The United States has revised its non-immigrant visa policy for Nigeria, Cameroon, and Ethiopia, drastically reducing the validity period and entry conditions for most...

    MAN Urges Nigeria to Deepen Intra-African Trade Amid US–BRICS Tensions

    As global trade tensions mount following the United States’ proposed tariffs on BRICS-aligned nations, the Manufacturers Association of Nigeria Export Promotion Group (MANEG) is...

    OPEC: No Peak to Global Oil Demand Before 2050

    The Organization of the Petroleum Exporting Countries (OPEC) has projected that global oil demand will continue to rise steadily until at least 2050, countering...

    Lagos, China Partners on Low-Carbon Initiative to Combat Emissions

    The Lagos State Government has announced a new collaboration with China under the China-Nigeria Low-Carbon Demonstration Initiative (Nextier) to advance the Lekki Low-Carbon Demonstration...

    Little-Known Phone Features That Make Life Easier

    Mobile phones have become an essential part of daily life across Africa, whether for communication, business, or accessing vital services like mobile money.  While many...