Africa · Big Ideas · Current Events

Beyond Investment Access: The Deeper Struggles of African Women in Business

This essay could not have been written without honoring the countless women who’ve shared their stories with me. I appreciate and thank you for sharing these stories in the hopes we can all learn from their experiences.

Every International Women’s Day, we see the same headlines: “Invest in women,” “Support women-led businesses,” “Close the gender gap.” And while these messages are important, they barely scratch the surface of what African women entrepreneurs are actually up against.

As a man who has spent years in business across the continent, I want to say something that often goes unsaid on days like this: The biggest obstacle many African women face in business isn’t just a lack of investment — it’s men. Men like me. Men in boardrooms, in funding meetings, on the other side of the negotiation table. Men who hold power and know it — and sometimes abuse it.

If we’re going to be honest this International Women’s Day, we need to talk about how the deeper power dynamics and gender culture in Africa make it almost impossible for women to do business without navigating moral and personal dangers — dangers that go far beyond the usual “empowerment” slogans.

The Reality Beyond the Hashtags

We love to talk about African women as the backbone of our economies — and that’s true. Across agriculture, trade, tech, and creative industries, women are building, innovating, and leading. But what doesn’t get enough attention is what happens when these women enter male-dominated business spaces.

Many women I know — women I’ve worked with, mentored, and watched grow — have had to face a hidden set of rules that men in business don’t talk about but know are there.

They walk into a room prepared to discuss a contract or pitch for funding, only to realize the conversation has terms and conditions that are never spoken out loud — until much later.

“We should talk over dinner.”
“You know, I can make this happen, but…”
“You’re very beautiful. Let’s do business — and more.”

For many women, getting a seat at the table often comes with an unspoken price — a price men never have to pay.

Why “Access to Investment” Isn’t the Full Story

So yes, women need access to funding. But what we don’t talk about is what women have to endure to access that funding in the first place.

  • How many women have walked away from deals because they refused to “play the game”?
  • How many women have compromised themselves because they had no other option?
  • How many brilliant businesses have died before they could grow because a woman chose her dignity over a contract?

These are the questions we aren’t asking on International Women’s Day — but we should be.

It’s not enough to say “invest in women” if we’re not also fixing the corrupt, exploitative systems that make women vulnerable to begin with.

How African Culture Fuels the Problem

This isn’t just about individual bad actors — it’s about a system.

In many African cultures, women are still expected to be “submissive,” to “know their place,” and to defer to men. When a woman is confident, assertive, and driven, she is seen as “too much.” And when she says “no” to inappropriate advances, she is labeled “difficult” or “ungrateful.”

So, even when women get into the room, they are forced to navigate deeply entrenched gender biases that see them as sexual objects before they are seen as entrepreneurs.

And as men, we are often the enforcers of this system, whether we realize it or not.

Why Men Need to Take Responsibility — Especially Now

So on a day like International Women’s Day, it’s not enough for men to post quotes about women’s strength or to say, “we celebrate women today.”

We have to ask ourselves hard questions:

  • How do we treat women when they walk into a business meeting?
  • What do we say when other men make inappropriate comments or demands?
  • Do we make it easier or harder for women to succeed based on merit?
  • Are we offering opportunities with no strings attached — or are we gatekeeping access to power?

If we want to celebrate women’s economic power, we need to confront the ways we, as men, use our power to limit theirs.


What a Real Commitment to Women in Business Looks Like

A real commitment to women entrepreneurs in Africa means:

  1. Creating safe business spaces where women can operate based on merit, not on navigating sexual politics.
  2. Calling out men who abuse their positions — not just privately, but publicly when necessary.
  3. Funding and supporting women-led ventures without attaching expectations beyond professionalism.
  4. Challenging cultural narratives that limit women to secondary roles and demanding that business spaces reflect equality.

Why This Matters for Africa’s Future

If we want to talk about building “Africa’s future” — the one where we are competitive globally, where innovation drives growth, where businesses create real impact — we cannot do that while excluding or exploiting half of our population.

African women are already building the future. The question is whether we, as men, will get out of their way — or continue to be the reason they cannot succeed.

So this International Women’s Day, let’s move beyond empty words.

Let’s ask: What are we doing — as men — to make business safe, fair, and accessible to women?

Because if we can’t answer that question honestly, then all our talk about empowering women is just that — talk.


Africa · business

5 Reasons Why HNIs Aren’t Investing in the African Tech Space

This is in response to a twitter thread

Nigerian startups are yet to be backed & championed by local high net-worth individuals on a large scale. The result is a tech ecosystem powered mainly by foreign capital.

With thoughts from @TomiDee, @asemota, @OtunbaSho, @oviosu, my @qzafrica latest: https://t.co/5DXBHxMcfv— Yomi Kazeem (@TheYomiKazeem) January 22, 2019

HNIs = High Net-worth Individuals

  1. They’re too old– Average age of an African billionaire is 62ish… They are probably struggling to manage in the current world of emails and text messages. How would they see the value technology can provide to society and even their companies?
  2. If it ain’t broke – If I amassed my wealth by relationships and tangible / assets, why would I take a chance, let alone several chances, in something that only holds paper value? I’ve already established several moats that will keep me rich forever, why do I have to speculate on an industry when I can focus on things I can see.
  3. It doesn’t make financial sense– Alright, maybe I want to invest but the risk start-ups take on in Africa is higher than their counterparts ( I’d love to do research on this but we all know its true). Why would I invest in such a risky proposition when I can just buy government bonds or some land and see better returns?
  4. Not enough 0s- Even a later stage investment in some tech companies don’t make sense. An entry point for investment doesn’t even seem viable in the way some of the HNIs. Scale seems to be a problem
  5. They are afraid of their own death – African tech could be so dangerous, they stand to destroy the companies HNIs built. They are collectively starving out the competition.

Ultimately, the best way for HNIs to engage the tech space are as partners and not competition. I believe working with tech companies to figure out ways applications can solve real business problems and create scalable opportunities is the way forward. Think of further integrating Dangote’s supply chain by leveraging more digital solutions, or improving Otedola’s exploratory efficiency leveraging predictive analytics and drone tech. All thats possible with collaboration.

Africa · business · startups · Technology

Strengths and Weaknesses of Nigeria’s Tech Ecosystem with Chika Umeadi from Tiphub

I got a chance to talk about the Nigerian Tech Ecosystem with Andrew from Global Startup Movement Podcast. We discussed the following:
  1. Outside of access to capital, what are the common challenges for Nigerian entrepreneurs I works with?
  2. How has deal flow coming out of Nigeria evolved since I started Tiphub?
  3. Have I seen an uptick in startup activity outside of Lagos?
  4. Whats the balance of Venture vs. Angel capital in Nigeria?
Listen to it on:
Africa · business · Current Events · startups · Technology

Foresight Africa viewpoint – African entrepreneurship in technology: Challenges and opportunities in 2018

I wrote a viewpoint on African entrepreneurship in Technology for Brookings Institute’s Foresight Africa 2018 Report. Here’s a link to the blog post here.

My Notes:

  • My 1st published article in a major publication… ***touchdown dance***
  • Updates on Fundraising in Africa from 2017: Read this CNN article here.
  • After all the Black Panther fanfare, I wish I could add more information on the diaspora’s role in advancing entrepreneurship and technological advances In Africa. I believe they have a major role to play in funding, ideas exchange and actual implementation.

That’s all for now. Cheers!!

CU

Africa · startups · Technology · venture capital

Africa Startup Ecosystems Ranks: Where does Nigeria Fall on the list?

Sometimes a conversation becomes a little more. I shared this a founder who was asking me my thoughts on where Nigeria’s startup ecosystems ranks in Africa. While I didn’t have key metrics, I did mention where I would go to look and how I would evaluate. If I had to make a real essay out of it, (which I’m seriously thinking about doing), I’d probably take a more in depth look at where Nigeria’s startup ecosystems needs to course correct to be a global competitor for talent, ideas, and capital.

So a couple of things… In the life cycle of an ecosystem, Nigeria’s startup ecosystem unfortunately is still in its nascent days. There’s leakages of opportunities for investors and startups due to resource and capital constraints. I do know that we’re heading toward the globalization part of the ecosystem life-cycle. We are seeing a more foreign money, ideas, and resources flow into the Nigerian ecosystem. Comparatively, SA had all of these first and has exits under its belt so I’d still put SA up top. Nigeria still falls in the second tier of startup ecosystems in Africa for the following reason; lack of research and development $ from government, low ease of doing business scores, quality of human capital, access to seed funding (or lack thereof), etc. I will say though, Nigeria has made significant strides in “community” through the cabals, co-working spaces and other community focused pillars that re being built.  This can be accelerated by an increase in the quality of education, R&D investment, and improving the ease of doing business metrics to make it easier for startups to find talent, operate,  and to make money.