‘Women busi­nesses side­lined’

Fe­males cry foul at Africa In­vest­ment Fo­rum

Sowetan - - News - By Moipone Male­fane

Min­ing ty­coon Daphne MashileNkosi has called on African lead­ers to in­vest more in busi­nesses run by women and also in­crease ac­cess to fund­ing.

Speak­ing on the side­lines of Africa In­vest­ment Fo­rum in Sand­ton yes­ter­day, MashileNkosi re­vealed that for her to start her min­ing com­pany, she was funded by the African De­vel­op­ment Bank (ADB).

“This is a very im­por­tant gather­ing be­cause real dis­cus­sions on in­vest­ment are hap­pen­ing here. It is also time that coun­tries look at sup­port­ing fe­male econ­omy,” she said.

Mashile-Nkosi said women were seen as high-risk com­pared to men when they ap­plied for fund­ing and that most credit com­mit­tees were male-dom­i­nated. “These com­mit­tees are bi­ased to­wards men. ADB, through its poli­cies, is now dis­tribut­ing money to fund more busi­nesses run by women,” she said.

Prom­i­nent busi­ness­woman Pre­cious Moloi-Mot­sepe ac­knowl­edged that women en­trepreneurs had dif­fi­cul­ties in ac­cess­ing fund­ing.

She said there was a po­lit­i­cal will at the fo­rum to give busi­ness sup­port from politi­cians.

“Ev­ery­one is talk­ing about lev­el­ling the play­ing fields, mean­ing women will be treated the same as men by fun­ders, gov­ern­ments and estab­lished busi­ness as well,” Moloi-Mot­sepe said.

Africa’s rich­est man, Aliko Dan­gote, said politi­cians needed to adopt a mind-set of de­vel­op­ment in the con­ti­nent.

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