ACAFE PROJECT

According to the African Development Bank, nearly 26% (25.9%, to be exact) of women are in the process of starting or managing a business in sub-Saharan Africa. This makes Africa the continent with the highest percentage of women entrepreneurs in the world, the research report by OECD mentions.

According to a report by the IMF, only 37% of women in Sub-Saharan Africa have access to bank accounts, compared to 48% of men.

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The value of this shadow labor is staggering: $10.9 trillion, according to an analysis by Oxfam.

Describe the item and include any relevant detaiWomen make up 58 % of the continent’s self-employed population. However, women entrepreneurs across sub-Saharan Africa continue to earn lower profits than men (34 % less on average).ls. Click to edit the text.

Over the last decade, remittance flows to Africa doubled, reaching $100 billion in 2022, surpassing the funds received through Official Development Assistance (ODA) and Foreign Direct Investment (FDI)

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