Private equity for women is one way to help the country remove the barriers of unfair pay in the existing “gender gap” in the country according to analysts. Africa has more women in “power” positions in corporate companies such as CEOs, board roles and executive committee roles. However, their influence is still dwindling and gender equity is still far away from completion.
According to Aubrey Hruby and Joanne Yoo of Financial Times, the Private Equity Women Investor Network estimates about 150 women in senior corporate roles is not enough — the number must be improved to help speed up the acquisition of institutional capital for female entrepreneurs and investors.
The African Development Bank reports that women carry about 12. per cent of board directorships — a figure lower than actual female representation in the Fortune Global 200. Kenyan women dominate corporate boards but only because state laws force businesses to ensure boards are two-thirds single-gender.
Hruby and Yoo write that to create positive changes in gender equity African governments must be willing to train and mentor to remove the “unqualified women in Africa” excuse — one that is used plenty by most corporations. The two writes that investors must devote resources to develop “emerging and diverse managers in Africa’s new markets.