The Khalil Suleiman Halilu (KSH) Foundation, in partnership with Tomorrow Foundation and EHA Impact Ventures, has launched a new initiative, “Her-Startup,” aimed at empowering female entrepreneurs across Africa to drive economic growth on the continent.
This initiative was unveiled at a virtual conference themed “Funding Issues in Female-Led Startups: Challenges and Solutions,” which explored the obstacles faced by female founders in the entrepreneurial landscape.
Founder of the KSH Foundation, Khalil Halilu, emphasized the importance of empowering women in entrepreneurship for economic advancement. “Her-Startup is a significant step towards alleviating the hurdles faced by women and girls in innovation and entrepreneurship,” Halilu stated. He noted that the initiative is poised to significantly impact Africa’s economy, potentially contributing $316 billion to the continent’s GDP by 2025, according to a McKinsey report.
“Women serve as the bedrock of economies. By backing their entrepreneurial endeavors, we are not only investing in their future but in that of our communities and nations as well. This initiative signifies our unwavering dedication to cultivating an inclusive and fair entrepreneurial environment in Africa. The initiative is also expected to facilitate job creation, foster economic inclusion, drive innovation and competitiveness, provide social and communal benefits, and enhance economic resilience,” Halilu said
