• November 11th, 2017
  • Posted by athanne

Women Accessing Economic Opportunities in Kenya

300x250 animated Women Accessing Economic Opportunities in Kenya

Women Accessing Economic Opportunities in Kenya are faced with different problems day in day out. The problems are varied and of great importance because if they are dealt with then business women will prosper. Women Entrepreneurs in Kenya are the key to economic growth because they are generating employment. But women-owned businesses could contribute more than what they are doing today. A growing amount of research shows that countries that fail to address gender barriers are losing out on significant economic growth. Without increased attention to the gender dimensions of economic development, Kenya is therefore unlikely to meet its growth targets. This therefore demonstrates that addressing gender barriers in Kenya could generate significant economic growth for the country. The Kenyan government recognizes that Women Accessing Economic Opportunities in Kenya have not been on an equal footing when it comes to their access to opportunities and assets but it has yet to effectively address the barriers facing women in business.

Challenges facing Women Accessing Economic Opportunities in Kenya

The Challenges facing Women Accessing Economic Opportunities in Kenya occur in the business environment and they tend to have a disproportionate effect on Women in business. The challenges include;

  • Lack of Property Rights,
  • Lack of Education,
  • Inadequate Finance,
  • Poor Access to Justice.
  • Managing Employees,
  • Discrimination,
  • Dealing with the City Council,

Lack of Property Rights as one of the Challenges facing Women Accessing Economic Opportunities in Kenya

Lack of Property Rights is one of the Challenges facing Women Accessing Economic Opportunities in Kenya. It prevents business women from expanding their businesses.  Women accept that they should not own property themselves. The propensity is that it should be jointly owned. This lack of land and property is a significant barrier for Kenyan businesswomen. It translates directly into women’s inability to access bank financing needed for their business.

 Women Accessing Economic Opportunities in KenyaLack of Education as one of the Challenges facing Women Accessing Economic Opportunities in Kenya

Lack of Education is one of the Challenges facing Women Accessing Economic Opportunities in Kenya. Lower education levels puts Small-scale Women Entrepreneurs in Kenya at a disadvantage compared to men. While the gender gap in primary education in Kenya has decreased in recent years, the gap remains high at secondary and tertiary education levels. Lower education does not emphasize entrepreneurship skills. It decreases the chances that women will have the knowledge needed to excel in business, and thereby contribute to the country’s overall economic growth.

Inadequate Finance as one of the Challenges facing Women Accessing Economic Opportunities in Kenya

One of the Challenges facing Women Accessing Economic Opportunities in Kenya is access to finance is an issue is because of requirements of collateral. In Kenya only 1% of women own property and that makes it very difficult for women to provide collateral for banks. We have to look for different instruments to address access to finance issues for women, like mentoring them, helping them prepare proposals for bank funding, and even providing a guarantee for the banks.

Poor Access to Justice as one of the Challenges facing Women Accessing Economic Opportunities in Kenya

Access to justice is one of the Challenges facing Women Accessing Economic Opportunities in Kenya. It is essential for ensuring smooth business operations, and it spans issues such as enforcing contracts and employment disputes. Yet Small-scale Women Entrepreneurs in Kenya have difficulties when accessing justice. Using the formal courts in Kenya can be costly, complex, and time consuming for entrepreneurs. For women who are burdened with their multiple responsibilities in the household and at work and who do not have the know-how to navigate the government process, dealing with the complicated and often corrupt bureaucracy is another reason for avoiding the process.

Managing Employees as one of the Challenges facing Women Accessing Economic Opportunities in Kenya

Managing employees is one of the Challenges facing Women Accessing Economic Opportunities in Kenya. Finding and retaining good employees is essential for the success of a business, but can be difficult for women entrepreneurs in Kenya. Since women-owned businesses tend to be smaller, they are often less likely to provide job security and retain good talent. Some women find that they are not taken seriously by their employees, especially in non-traditional sectors, and they have to make a special effort to win their respect.

Discrimination as one of the Challenges facing Women Accessing Economic Opportunities in Kenya

One of the Challenges facing Women Accessing Economic Opportunities in Kenya is discrimination. Even when women entrepreneurs do approach banks for financing, they tend to face discrimination. Women report that bank officials tend to ignore them in meetings and prefer speaking to their husbands or male business partners:

The fact that banks engage in gender bias prevents many women from even approaching them. Some women get so discouraged that they do not bother to seek bank financing and turn instead to informal savings groups.

City Council as one of the Challenges facing Women Accessing Economic Opportunities in Kenya

City Council has proved to be one of the Challenges facing Women Accessing Economic Opportunities in Kenya. The licenses are too many and the cost too much. Being a woman seems to exaggerate that fact since most women are harassed by the city council officials when they come to inspect the business premises. Moreover, women may be less likely to meet and negotiate bribes with the predominantly male council officials. Business licensing is an issue for many women entrepreneurs who perceive the process as lengthy and complex

Business Training in Kenya has more.

Conclusion on the Challenges facing Women Accessing Economic Opportunities in Kenya

City Council officials should refrain from harassing women who are in business.

Women Entrepreneurs in Kenya need to go for training programs in order to know how to run their businesses well.

Business women in Kenya should be taught on the value of being independent. This will stimulate them to do things on their own like acquiring property.

Micro finance institutions should portray a non gender based environment in order to stimulate Women Entrepreneurs in Kenya to do business with them.

With the information provided above one is able to understand more about Challenges facing Women Accessing Economic Opportunities in Kenya

 

 

 

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