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Sunday, June 7, 2015

G7 Summit African Women Global Competitiveness

African female managed businesses and women on boards of blue-chip companies increase Africa’s competitiveness on the global market. On the second day of the G7 summit, Germany's Chancellor Angela Merkel invited the heads of state and governments of many African countries joins the summit. 


Africa has a lead over other emerging regions when it comes to female corporate representation The 41st G7 summit at Castle Elmau in Bavaria, Germany June 7–8, 2015 has the attention of the entire world. On the agenda are issues of terrorism, health emergencies such as the Ebola outbreak, and women's economic empowerment. 

The African Development Bank states Africa stacks up well compared with the world’s regions on having companies with female board members, but the continent has a way to go to make sure it increases women's competitiveness in the global market.

African countries with the highest percentage of women on company boards are:

§  Kenya 19.8%

§  South Africa 17.4%

§  Botswana 16.9%

§  Zambia 16.9%

§  Ghana 17.7%

African women in management positions

Measured 2013 data for 307 companies in 12 countries, Africa has a lead over other emerging regions when it comes to female corporate representation in financial services, basic materials and construction, and automotive industries. The companies with the highest percentage of women on boards are East Africa Breweries of Kenya 45.5 percent, followed by two South African firms, Impala Platinum Holdings 38.5 percent and Woolworths Holdings 30.8 percent.

Percentage of women on boards of blue-chip companies throughout the world:

§  Europe 18%

§  US 16.9%

§  Africa 14.4%

§  Asia-Pacific 9.8%

§  Latin America 5.6%

§  Middle East 1%


Comoros, Madagascar, Rwanda, Swaziland, and Zambia are among the best performers in balancing gender in management positions
The Africa Competitiveness Report 2015 states in female managed businesses, the share of full-time female employees is substantially higher than it is in firms managed by men across all regions, though these firms are less likely to engage in export activities. By sub-sector, hotels and restaurants, along with wholesale and retail trade, have the highest share of female employment, female ownership, and proportion of women in top management positions. 

Some countries are making progress in integrating women into management positions in the service sector. According to researchers Coste and Dihel 2013, Comoros, Madagascar, Rwanda, Swaziland, and Zambia are among the best performers in balancing gender in management positions of professional firms. Women in these countries represent almost 15 percent of the top management levels.

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