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New Briter Bridges Report shows reduced funding for female-led ventures in 2020

The report accesses the apportionment of funding in Africa towards female-founded ventures

briter brdiges report

It is generally opined that the lack of sufficient data in the developing world is behind the stagnation of various demographic groups.  For instance, decisions made by policymakers fail to deliver the right results given they do not give an accurate picture of the existing realities. The gender disparity debate has been at the forefront in many government sectors – a trend that’s slowly expanding to the private sector. Briter Bridges released a report titled “Gender & Demographics in Africa’s Green & Digital Transformation.” The report gives an outlook on the “State of Play: Participation, Funding, and Support” of African women in entrepreneurship.

In Africa, the “gender gap” adversely affects women in pay, promotion, access to services, and other sectors. It is for that reason that Briter Bridges, known for its research and map visualization expertise, created a data visualization set on startups that focusses on gender. The report was an in-depth analysis of c-suite executives and co-founders across 1904 companies across the continent.

Lisa With, who is the Co-Head Research Briter Bridges, attributed the success of startups to “education, experience, and confidence.” She further points out how gender plays absolutely no role. However, she pointed out how participation was unevenly skewed against female contenders – only 8.7% of sampled companies had teams fully-founded by women.

Access to funding is also an issue. For instance, the period starting January 2019 till April 2020, only 13.4% of deals publicly disclosed (276) involved companies with at least one female as part of the founders. If we quantify the investment share, it accounts for 5.7% of the total capital invested. On a bright note, Health was the most funded sector in regards to female-founders – roughly 27%.

Overall the report attributes the disparities to deeply rooted structural,socio-cultural, and financing barriers affecting female enterpreneurs. In light of this, both genders display lots of similar attributes in terms of competence and performance.

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