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Women Entrepreneurs

The First Self-Made Female Millionaire Built A Business Empire In Cosmetics In 1900s By Pioneering A Sales Strategy Still In Use Today

was a legend of her time. She was an innovator, a pioneer, entrepreneur and a philanthropist and the first female millionaire in the US in 1924, with net worth of $14 million. Annie built an empire of 75,000 sales agents globally and had established 32 beauty schools around the country. …

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When African Women are Financially Included, an Entire Continent Wins

The Global Gender Summit, hosted by the African Development Bank (AfDB), and which is currently taking place from Nov. 25 to 27 in Rwanda’s capital, Kigali. Credit: Plasir Muzogeye/IPS by Emmanuel Hitimana (kigali)Tuesday, November 26, 2019Inter Press Service KIGALI, Nov 26 (IPS) – When Rwandan-born and Senegalese-raised entrepreneur and businesswoman …

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AfDB launches funding scheme for women

The 2019 Global Gender Summit, held for the first time on the African continent kicked off with the heavy focus on closing the gender gap. The African Development Bank (AfDB) launched an initiative officially on Monday to bridge the 42-billion-U.S.-dollar financing gap facing women entrepreneurs in Africa. The initiative, dubbed Affirmative …

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A female-led venture capital fund focused on African women founders nears its €60 million target

The number of women founders and co-founders in Africa is on the rise, according to research by Venture Capital for Africa (VC4A), an online community for startups. In 2019 that number was still just at 18%, or fewer than one in five—but it’s still better than in supposedly more “advanced” …

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Invest Atlanta: This Women Of Color-Led Company Is Strengthening Their City’s Economy In A Major Way

This December, team ESSENCE is partnering with Target to bring the first-ever ESSENCE + New Voices Entrepreneurship Summit And Target Holiday Market to Atlanta. In anticipation of this premiere holiday shopping and entrepreneurship-building event, we’re excited to spotlight a few local businesses in the Atlanta area who are on track to take …

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Africa: How to Close the $42 Billion Financing Gap Women Face

In African cultures, women play a nurturing role, they are the backbone of the continent. Yet, they face a $42 billion-dollar financing gap with over 3/4 of them being financially excluded. As a result of this systemic discrimination against women, access to financial services disproportionately favours men. For instance, in …

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$1b boost for female entrepreneurs

The European Investment Bank (EIB) has announced a $1.1 billion lending programme to help women entrepreneurs  in Africa. The EIB is the lending arm of the European Union. The EIB has supported investment in Africa for more than 50 years. Last year, it provided a record €3.3 billion to African …

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