The Surprising Place That Promotes Women Entrepreneurs Better Than Silicon Valley

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Originally published in Entrepreneur Magazine

By Lexi Novitske and Dale Mathias

The latest high-profile scandals in Silicon Valley highlight that the battle for gender equity in the United States is far from won. Despite the tech industry’s progressive reputation, its track record for hiring, promoting and funding women is bleak: Only 17 percent of American startups have female founders.

But, halfway across the globe in tech hubs like Lagos, Nigeria, and Nairobi, Kenya, 46 percent of African ventures have a female founder and prospects for closing the gender gap there are high. International investors looking to realize outsized returns and social impact would be well-served to look to the female entrepreneurs driving Africa’s venture growth.

Lexi Novitske is Chief Investment Officer with Singularity Investments. Dale Mathias is Chairman of Partners Forum, Africa Private Capital Group, USAID.