Economy of Africa
Current conditions

In 2023, East Africa had the largest crowding out pressures, whereas North Africa had the lowest. In a recent report, female-led businesses were found more likely to invest in innovation, export goods and services, and provide employee training. Over half of the banks studied in this report indicated a lower percentage of non-performing loans among enterprises run by women than males. Female-led firms also had lower rates of bankruptcy and were less likely to be affected by the COVID-19 pandemic. 65% of banks in Africa were found to have a gender focused strategy in place. The crowding out index showed improvement in 2024, but it remains at a high level.
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