No Women — No Future
Access to Finance for a Just Development
Salon: No Women — No Future
February 27, 2023
SAP Data Space, Berlin
Together with Agency for Business and Economic Development (AWE), Global Perspectives Initiative (GPI) brought together different perspectives from investors, founders, banks and politics to discuss what obstacles remain for women in starting their own companies and what challenges remain in accessing finances and investments.
On the African continent, women contribute significantly to building a sustainable economy. In fact, they are considered the backbone of economic growth and stand at the core of development. However, they face significant obstacles since they often do not have sufficient resources and access to realize their full potential. Aya Chebbi shared a video message, especially highlighting the need for resources, including technology, and integrating the youth of the African continent. The experts Christiane Laibach, Pauline Koelbl, Leago Takalani, Benjamin Knödler discussed these aspects in more depth during the main discussion.
In conversation with ...
Access to Capital
A woman's access to capital is not a woman's problem, it's a society issue. It presents that there is a lack of opportunity to women to engage in the economy and a need to provide them with resources.
Investment in Women
Investing in women is a business case. Investing in women can enlarge the markets and spur economic growth.
There needs to be investments to allow companies to scale up. One specific recommendation was channeling money to local founders and indigenous funds.
There needs to be more diversity in capital locators to address the gender funding gap on the African continent. There are clear correlations between who decides to get funding and who gets funding.
Feminist Development Policy
Working with governments and on multilateral engagement is crucial. The German government has implemented a feminist development policy, which exactly highlights the need for women in entrepreneurship as a point of action.
Demystification of Risk
Lastly, de-mystify the international risk perspective of investing on the African continent. Conversations such as this event are crucial to change the understanding and narrative of investing in Africa as an opportunity for economic return, not charity.
What does the future hold for women in business on the African continent?
Experts Benjamin Knödler, Leago Takalani, and Pauline Koelbl at Salon "No Women - No Future"
Rhoda Berger, firstname.lastname@example.org
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