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Uganda hosts the largest percentage of women business owners in the world, according to Mastercard Index

Norman Mwambazi by Norman Mwambazi
December 27, 2019
in Business
Reading Time: 2 mins read
Courtesy photo from Finca Uganda.

Courtesy photo from Finca Uganda.

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We are way past the age where women were confined at home and particularly in the kitchen to cook for their husbands and men in their household while they (the men) went out and about working and creating businesses.

Today, a lot of women are leading a life with a full career where they can express themselves in the business world and those who are able have gone ahead to become ‘boss ladies’ creating their own businesses and leading them to prosperity.

In a recent survey called the Mastercard Index of Women Entrepreneurs (MIWE) released by Mastercard about a week ago, Uganda hosts the largest percentage of women business owners in the world. Stats show that 38.2% of all business owners in Uganda are women. Ghana follows in second and Botwana comes third.

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The index is based on publicly available data from United Nations Edicational, Scientific and Cultural Organisation (UNESCO), International Labour Organisation (ILO) and the Global Entrepreneurship Monitor and tracks.

According to Mastercard, this global index tracks the progress and achievements of women entrepreneurs and business owners at three levels: Women’s Advancement Outcomes, Knowledge Assets and Financial Access, and Supporting Entrepreneurial Factors.

This is partly attributed to among other things, the fact that civil organizations, financial institutions have over the years advocated for more women inclusion in the decision making of every aspect of the society, and empowering them to get involved in the business sector.

The data is picked from 58 economies across the globe, capturing over 80% of women in the labour market.

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Norman Mwambazi

Norman Mwambazi

Writing is my substitute for worry. Live. Love. Laugh. Be Good.

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