News

Uganda named among 3 global leaders in women-owned businesses

The third edition of the Mastercard Index of Women Entrepreneurs has listed Uganda among three African countries as global leaders in terms of women-owned businesses.

Uganda, Ghana and Botswana are ranked as the top three countries with the highest percentages of women-owned businesses across the 58 markets evaluated around the world.

Based on publicly available data from international organizations including the International Labour Organization, UNESCO and the Global Entrepreneurship Monitor, the global Index tracks the progress and achievements of women entrepreneurs and business owners at three levels;

The Women’s Advancement Outcomes, Knowledge Assets & Financial Access, and Supporting Entrepreneurial Factors.

Beatrice Cornacchia, Mastercard’s Head of Marketing and Communications for the Middle East and Africa, said: “Women entrepreneurs continue to have a direct impact on economic growth and the wellbeing of society.

She adds that the results reaffirm that in sub-Saharan Africa in particular, women continue to demonstrate an unwavering commitment to supporting their communities through entrepreneurship.