It is said that gender inequality spares no country in the world. It’s true. And any society that denies women the opportunity to work only lays the foundation for its perpetual poverty.
Indeed, most societies are made up of more women than men. And denying women the opportunity to work means they won’t be able to contribute to the productive effort. Instead, they will be financially dependent on men, thus becoming passive members not playing an active role in economic life.
The challenge of women’s participation in the labor market
For many years, this was the case all over Africa. Women stayed at home as housewives, and only their husbands worked to earn money. Although from the 21and century, things have started to change, there is still a long way to go. According to the latest Mastercard Women Entrepreneur Index published in March (2022), only 13 African countries are in the ranking of the 65 countries most conducive to female entrepreneurship.
Before we get to the list, here’s an interesting thing to consider: women currently contribute about 37% of the world’s gross domestic product (GDP). They do this by working in local grocery stores, working in health care professions, or starting their own businesses. Jane Prokop, executive vice-president of Mastercard, believes that this is reason enough to encourage women to enter the labor market. Jane Prokop says: “Empowering women to play a full role in the world of work, especially women entrepreneurs, is a solution for a more equitable and sustainable global economic recovery. »
The Mastercard Women Entrepreneurs Index 2021
The Mastercard Women Entrepreneurs Index aims to provide a comprehensive overview of the progress made by women in business. The ranking is based on the socio-economic factors that encourage or hinder women’s initiative in entrepreneurship.
The index uses 12 indicators and 27 sub-indicators to determine the following: the results of the promotion of women entrepreneurs, knowledge assets, access to finance and, above all, the conditions for supporting women’s entrepreneurship.
At the end of the assessment, 65 countries were ranked as the most favorable for women entrepreneurs. Leading them is the United States, followed by Canada in 2and place, and New Zealand completes the podium.
In addition, only 13 African countries appear in this ranking, including Algeria which occupies the 60and in the world and the 11and in Africa. See the list of African countries classified by their order of appearance on the list:
- Botswana: This southern African country ranks 35th in the world.
- South Africa: The next country on the list is South Africa which comes in at 37th in the global index.
- Ghana: This West African country ranks 48th in the world.
- Madagascar: This island country occupies the 50andplace in the global index.
- Uganda: 52andplace in the global index.
- Nigeria: Africa’s most populous country ranks 53rd in the global index of countries most conducive to women entrepreneurs.
- Ethiopia: Africa’s second most populous country ranks 54andworld rank.
- Angola: 55th place in the world index.
- Tunisia: the Tunisian neighbor comes in 56th position.
- Morocco: the other neighboring country, Morocco, is in 59th place in the ranking.
- Algeria: As mentioned above, Algeria ranks 60th in the world.
- Malawi: 63andplace in the Mastercard index for women’s entrepreneurship.
- Egypt: the other North African country, Egypt brings up the rear, and ranks 64andglobal.