Will Bain
๐ค SpeakerAppearances Over Time
Podcast Appearances
I'm absolutely certain that we will continue to talk about that topic in the future.
But until then, thanks so much.
Michelle Fleury, as always, in New York.
Ryle Tanton here in the studio with me.
I've been Will Bain.
Thanks so much for listening to Business Daily from the BBC World Service.
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I'm Will Bain.
Today, how to supercharge startups in Sub-Saharan Africa.
The region has the highest rate of entrepreneurship in the world, but many of those businesses run into the same issue.
And that problem is exacerbated for the estimated 20 to 25% of those businesses that are set up by women.
So today on Business Daily, we're asking how to get more cash to Africa's female entrepreneurs.
Entrepreneurship can sound daunting as it hides behind a slightly fancy term.
But really, it's having a great idea and turning that lightbulb moment into a business.
And as our panel today, including the Senegalese fashion designer Safa Tousek, you heard from there, will explain, that idea can come from anywhere.
including, as it turns out, a passing compliment from a former US First Lady.
The stats back it up.
According to the World Bank, sub-Saharan Africa has the highest rate of entrepreneurship in the world, with around 42% of the non-agricultural labour force classified as self-employed or employers.
Yet the development organisation warns most entrepreneurs are unable to grow their businesses beyond small-scale subsistence operations, often because of an inability to access to private or state investment that would help them grow.
This, the World Bank continues, is particularly so for women.