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How one African woman’s startup spurs new businesses

Share America Article

Jan 19, 2023

Thubelihle Ndlovu, right, founder of Purse on Point, speaks with a female entrepreneur at an event in Zimbabwe.

During her years working in banking, Thubelihle Ndlovu saw women rejected for credit more frequently than men, even when they were financially stable.

According to the United Nations Development Programme (UNDP), gender inequality in sub-Saharan Africa’s labor market cost the continent roughly $95 billion annually in lost productivity between 2010 and 2014. And UNDP data shows that women in sub-Saharan Africa are less likely to gain access to financial services and credit than men. Read full article here

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