ECONOMIC TRANSFORMATION, ENTREPRENEURSHIP AND SUSTAINABILITY

According to the World Bank, the economy of Sub-Saharan Africa grew by 2.4% in 2023, and the recovery is expected to be sustained thanks to increased private consumption and investment, with average growth projections of 4% in 2025 and 2026.

The African Development Bank has pointed out that growth is excessively concentrated in extractive industries, failing to generate sufficient job opportunities for young people, who represent 70% of the population.

To achieve sustainable economic development, inclusive policies are necessary. It is estimated that by 2030, half of the African population will live in urban areas, highlighting the urgent need to create equitable jobs, as well as improve social services and infrastructure development.

Women play a crucial role in this economic landscape, constituting 70% of those participating in transnational trade, generating approximately $18 billion annually in Sub-Saharan African economies. However, these women generally operate with minimal institutional support. More than half of them work in subsistence agriculture or in sectors such as textiles and food production, but many lack property, limiting their access to financial resources.

To maximize women’s contributions to economic development in Sub-Saharan Africa, government policies must incorporate a gender perspective into their economic frameworks. This entails recognizing women’s roles in informal economies and ensuring that fiscal and monetary policies support their efforts.

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