Taiwanplus poll shows that Angola has the Highest Rate of Women Business Owners Worldwide

By: WE Staff | Wednesday, 19 October 2022

Angola tops the list of nations for the proportion of women who own or manage enterprises, according to a recent Taiwanplus poll.

The poll identified the nations setting the standard for female entrepreneurs on a global scale using data that had been analysed from sources like The World Bank, Global Entrepreneurship Monitor, and International Labour Organization.

The poll found that Angola had the highest percentage of women business owners/managers (35%), followed by Guatemala (24.9%) and Burkina Faso (21.2%). According to the poll, Central & East Asia had the greatest percentage of women who owned established businesses, at 6.9%, 1.3 percentage points higher than the global average of 5.6%.

The poll found that 51% of women worldwide are engaged in early-stage entrepreneurial activities, compared to 43% of males, in the wholesale/retail trade area. The highest gender disparity in early-stage activity for female entrepreneurs was generally found in the ICT sector, where only 2% of women started or were the owners of new businesses.

According to survey results, Rwanda is one of the most cost-effective countries for women to launch a business because there are no startup expenses and little man-hours needed. Low or nonexistent start-up fees are also available in Slovenia and the United Kingdom, enabling women living in these nations to register a new business without having to pay exorbitant administrative expenses.

Although South African women can establish a business with very little money, the average number of days is one of the highest examined at 40.

The percentage of African women who are unafraid to start a business despite their fear of failure was highest in Egypt (62.5%), followed by women in Angola (61.2%), and Morocco (57.8%). The study found that women were the most likely to put off launching a business out of fear of failure in nations like Nigeria, South Africa, and Kenya.

274 million women are reportedly active in business launches globally, and an additional 139 million own or manage existing companies. However, the gender gap in business is remains pervasive despite the great work of millions of enterprising women around the world.