Parity, Performance and Profits: A Case for Women and Work

There are too many boys in the boardroom, and it’s not good for business. Results of a comprehensive study done by the Peterson Institute reveal a strong association between higher profitability and a higher percentage of women in C-level positions, such as Chief Executive Officer, Chief Financial Officer, etc.

The study also highlights how firms with no women in executive roles can experience 15% growth in net revenue by increasing female representation in senior management by 30%(1).

But the power of parity exists beyond the ivory towers of corporate America. A 2015 study by the McKinsey Global Institute reveals that achieving workforce equality (in terms of labor force participation rates, hours worked and the sector mix of employment) would boost global GDP 26% higher by 2025(2).  

The parity problem however is complex and while the proposed solutions are multi-faceted, McKinsey identifies financial inclusion as being a critical component of improvement. Providing women with access to financial services is a key way to involve them in the global economy and help support women-owned businesses.

The need for these services is most stark in emerging economies, much like those of Sub-Saharan Africa, where social norms, restrictive legislation and lack of infrastructure hinder access.

Microfinance beneficiaries

Image: Develop Africa Microfinance Beneficiaries

Microfinance is a way to specifically address that issue and help female entrepreneurs in Africa directly. Not only does this provide women with much needed capital,  but from a social standpoint, providing them with resources empowers them to make important decisions and gain respect in their communities.

From Silicon Valley to Sierra Leone, the benefits of balancing the proportion of women to men are too great to ignore.

(1) Marcus Noland, Tyler Moran, Barbara Kotschwar, Is Gender Diversity Profitable? Evidence from a Global Survey, Peterson Institute for International Economics, 2016.

(2) McKinsey & Company, The Power of Parity: How Advancing Women’s Equality Can Add $12 Trillion to Global Growth, New York, 2015.

 

 

Families in Sierra Leone face unprecedented challenges due to rising costs. Inflation makes it difficult for them to afford basic food staples such as rice, cooking oil, and onions.

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Give the Gift of Joy This Holiday Season 🎁


You can light up a child's life in Africa this holiday season. Imagine the joy of a young girl opening her very first book or a boy receiving a backpack filled with school supplies to fuel his dreams. For many children, a holiday gift isn't just a moment of happiness – it’s a message of hope, love, and possibility.

At Develop Africa, we believe every child deserves to feel special, especially during the holidays. But for too many children in underserved communities, the season comes and goes without even a small token of celebration. With your help, we can change that.

A donation of just $25 can provide a meaningful gift – a backpack, school supplies, or even a toy – to a needy child. Your generosity will show them that someone far away cares deeply about their future and happiness.

Make this holiday season unforgettable for a child. Please donate now to our Holiday Gift for a Child campaign and be part of a life-changing moment. Together, we can spread joy, ignite hope, and make the holidays magical for children in Africa.