Somachi Chris-Asoluka, CEO of The Tony Elumelu Foundation, shares her mission of democratizing luck and empowering African entrepreneurs at ANDE's Annual Conference. Her vision aligns with ANDE's focus on job creation, poverty eradication, and women's economic empowerment.
ANDE invites nominations of senior executives to serve on the Executive Committee. This body is composed of fifteen members, all of them leaders from our diverse membership, and it provides strategic direction and operational oversight.
"Female founders raise less capital from investors than male founders, even if their ventures are similar or identical. However, providing systematic evaluation frameworks could encourage investors to assess all candidates equally, thus reducing gender disparities. In this vein, the authors – Amisha Miller and Saurabh Lall – investigated whether changing systematic evaluation practices could close the gender gap in investment decisions. The authors designed and implemented a two-stage experiment in collaboration with Village Capital across different developing regions across Africa, South Asia (India), the Middle East, and Latin America to reduce gender disparities in investment decisions. The experimental findings confirm that using a systematic evaluation framework – prompting investors to consider both risks and growth, as well as progress – reduces or even reverses gender disparities in investment decisions. This study provides strong causal evidence for an intervention that can be implemented right out the gate at a low cost: providing a systematic evaluation framework to investors."
Small and Growing Businesses (SGBs) are revolutionizing the entrepreneurial landscape by embracing an Environmental, Social, and Governance (ESG) perspective. In a world where sustainability and growth are intertwined, these trailblazers are redefining market success.
The drive of entrepreneurs in small and growing or medium businesses is the crux of development, and the ecosystems that allow them to flourish are instrumental in unleashing their potential to end “the tyranny of poverty.”