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

Women make up more than half of Southern Africa's population, which is approximately 74 million people. Nevertheless, they remain underrepresented in key decision-making roles, limiting their ability to contribute to the growth of our economies. Although there has been progress in advancing diversity, equity, and inclusion, the numbers remain low and have not had a significant impact.

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.

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