Roughly one in three entrepreneurs in Africa is a woman. Over 26% of women in Sub-Saharan Africa are involved in starting or running new businesses and over 40% of small and medium-scale enterprises (SMEs) in Africa are owned by women. Despite this, investment in female founders in Africa is declining, with only 2% of venture funding now going to female-led businesses. Prosus and Lionesses of Africa want to redress this balance with the Prosus Found-HER Challenge Africa.
The Prosus Found-HER Challenge is a high-impact selection program designed to support women-led technology startups and champion female founders, and has already supported nearly 1,300 women founders across India and Africa. The program offers equity-free funding, access to Prosus' international network, and aims to empower communities of female founders who are reshaping the technology landscape around the world.
