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Microfinance, starting business and female unemployment in Sub-Saharan Africa

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  • Simplice A. Asongu
  • Mariette C. Nke Mete

    (University of South Africa)

Abstract

In view of the long-standing policy concern to involve more women in social, economic and political activities in sub-Saharan Africa (SSA), particularly in relation to achieving the 2030 targets of the United Nations’ Sustainable Development Goals (SDGs), the existing literature has been improved by numerous publications. Nevertheless, though emphasis has been placed in the scholarly and policy literature on the importance of financial access for banks and microfinance institutions (Tchamyou, 2019; UNCD, 2022), this growing extant literature remains sparse on a number of fronts (Asongu, 2023), especially as it pertains to the challenges of doing business in Africa (Asongu & Odhiambo, 2020). As documented in the corresponding scientific and policy publications (World Bank, 2018; Asongu et al., 2021), the loss in terms of gross domestic product (GDP) associated with the non-involvement of women in economic activities is in hundreds of trillions of dollars.

Suggested Citation

  • Simplice A. Asongu & Mariette C. Nke Mete, 2024. "Microfinance, starting business and female unemployment in Sub-Saharan Africa," Development Finance Agenda, Chartered Institute of Development Finance, vol. 9(2), pages 12-13.
    • Handle: RePEc:afj:journ4:v:9:y:2024:i:2:p:12-13
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    File URL: https://journals.co.za/doi/abs/10.10520/ejc-defa_v9_n2_a4
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