The role of women and SMMEs in growing Southern Africa and Africa's economies

Women primarily contribute as business owners and drivers of the small, medium, and micro enterprise (SMME) sector. SMMEs are the backbone of economies worldwide, especially in Africa, where they account for approximately 90% of businesses and make significant contributions through job creation and GDP growth. The World Bank estimates that SMMEs contribute about 33% to sub-Saharan Africa's GDP and employ approximately 60% of the workforce.

Clearly, SMMEs are crucial to Africa's economic growth. Yet, despite their vital role, SMMEs often receive inadequate support from both African governments and the private sector.