Mwangi Githaiga

CEO's Profile

Theme | Redefining Banking and Finance
Topic | Women in Business
MONTH | May 2016

According to IFC, women entrepreneurs are changing the face of the global economy, helping to sustain job creation and economic growth. It is estimated that women-owned entities represent over 30% of registered businesses worldwide. Yet on average about 10% of women entrepreneurs have access to the capital needed to grow their businesses.

Women have impact on sustainable economic growth, for instance although women comprise 50% of the population in Sub Saharan Africa they produce more than 80% of the food for the continent. Less than 12% of agribusiness investments are directed at women smallholder farmers.

According to the Harvard Business Review, women control about $20 trillion global consumer spending and earn about $18 trillion extending their circle of economic influence.

Yet, unfavourable business and regulatory environments are among the barriers that still impede women entrepreneurs from accessing finance. According to an IFC-McKinsey study this has resulted in a credit gap of approximately $320 billion.

Economically empowering women may be one of the most impactful sets of development interventions, both in terms of growth and job creation.

CEO Chat Focus Areas:

  1. How the banking industry in Kenya is mitigating the unfavourable business and regulatory environments that impede women entrepreneurs from accessing finance.

  2. How banks are building the business case for equal economic opportunities for men and women.