">
TechMoran
  • About Us
  • Deals
  • Jobs
  • Motoring
    • Money
  • Pitch Your Startup
  • Submit Your Post
  • Freelance Gigs
  • Travel
  • Men’s Corner
  • Dating
Wednesday, January 27, 2021
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
No Result
View All Result
TechMoran
">
Home Startups

CDC backs TheBoardroom Africa with £1.6m funding to increase women’s representation in African boardrooms

Milcah Lukhanyu by Milcah Lukhanyu
2 years ago
in Startups, Women
7 min read
0

TheBoardroom Africa has received £1.6m CDC’s funding to boost it’s aim to double female representation in Africa’s boardrooms by 2028 where only 14 per cent of board members in Africa are women.

Founded in 2016, TBR Africa is improving women’s representation in African boardrooms through its unique pool of peer-endorsed female leaders from over 45 countries across the region. The company connects these female leaders with CEOs and board directors in search of diverse talent, and its work is enabled by partnerships with development finance institutions, private equity, venture capital funds among other institutions and corporations.

In a partnership to bring increased diversity to companies and organisations across Africa, CDC Group, the UK’s development finance institution, has announced that it will support

Marcia Ashong, Founder and Executive Director of TheBoardroom Africa, comments: “TheBoardroom Africa’s pipeline of talent is driving a fundamental shift in the gender balance among leadership teams in businesses across Africa and beyond. We are proud to partner with CDC Group, one of the leading investors in Africa, as we work to expand our network and help more companies recognise that gender diversity has real social and economic benefit to both business and society.”

Funding from CDC will enable TBR Africa to expand its membership and client base across key growth markets on the continent and support the development of its accredited board training and mentorship programs tailored to women in the African business community.

Earlier this year, CDC launched its new Gender Strategy which is designed to improve women’s economic empowerment throughout its investment cycle. One of the key priorities of CDC’s strategy is supporting women’s leadership. CDC has committed to support the involvement of women in senior management among its portfolio companies, encourage board and investment committee diversity, and promote the visibility and voice of female business leaders in Africa and South Asia.

READ  Studacom.ng wants to help students in Nigeria find roommmates & book off-campus hostels

In the last year, TBR Africa has successfully supported several board and investment committee placements for CDC investments including a major multinational bank as well MedAccess and the Africa Food Security Fund.

Related posts

Kenya’s Insuretech startup Pula raises $6m to scale up operations in 13 markets across Africa

January 26, 2021
0

Finnfund & Norfund double Starsight’s funding to $20 million for Ghana expansion

January 23, 2021
0

African tech startup funding passes $700m in 2020 despite COVID-19

January 23, 2021
0

Free money transfer service Taptap Send launches its services to Kenya

January 22, 2021
0

Jen Braswell, Director, Value Creation Strategies, CDC Group, said:“As CDC encourages the world’s investors to focus on Africa, we need excellent men and women to serve on the boards of local and international firms across the continent. Our partnership with TBR Africa has already begun helping us reach our commitment to promoting gender equality in corporate leadership. The funding we’re announcing today will help TBR Africa continue to provide us with outstanding candidates for our portfolio that we would not have otherwise found. We are very pleased with the placements that TBR Africa has helped us make so far – and we’re looking forward to more.”

CDC’s funding for TBR Africa comes from a DFID-funded technical assistance programme designed to support high quality projects that have significant impact and compliment CDC’s investment portfolio.

A recent Credit Suisse report found that companies where women make up at least 15 per cent of senior managers have more than 50 per cent higher profitability than those with under 10 per cent female representation. McKinsey also reported that margins were higher for those companies where at least a quarter of their board members are women.

Readers 3,417

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Milcah Lukhanyu

Milcah Lukhanyu

Milcah Lukhanyu covers daily news briefs at TechMoran. She is the person who will probably read your press release and get the story out of it or totally trash it. Send tips to [email protected]

Related Posts

Startups

Kenya’s Insuretech startup Pula raises $6m to scale up operations in 13 markets across Africa

January 26, 2021
0
Startups

Finnfund & Norfund double Starsight’s funding to $20 million for Ghana expansion

January 23, 2021
0
Startups

African tech startup funding passes $700m in 2020 despite COVID-19

January 23, 2021
0
Startups

Free money transfer service Taptap Send launches its services to Kenya

January 22, 2021
0
Health

54gene launches a genome sequencing lab to track infectious and non-communicable diseases prevalent in Nigeria

January 22, 2021
0
Startups

Uganda’s Innovex raises funding from Gaia Impact Fund to enable remote monitoring for solar companies

January 22, 2021
0
Startups

Aerobotics Raises $17 Million Led by Naspers To Scale AI for Agriculture Globally

January 21, 2021
0
Startups

Tanzanian money remittance startup NALA is launching in the UK

January 21, 2021
0

https://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoB
ADVERTISEMENT

Join our Mailing List

Loading

Recent Posts

Huawei Mobile to launch Huawei Y7a in Kenya early next month

January 27, 2021

Air Conditioner Maintenance Tips to Save Energy

January 27, 2021

Enjoy The Convenience of Washing & Drying With Ramtons Washer Dryer Combo 

January 27, 2021

Samsung, Safaricom partner to push Samsung Galaxy S21 pre-orders

January 26, 2021

Safaricom’s M-PESA Bill Manager brings digital receitps, bills and invoices to businesses & landlords

January 26, 2021
">
">

Follow Us

">

There are many sites out there focused on blowing off some steam, from funny entertainment to thrilling experiences like playing online, in some cases online gaming could grant you the chance to win extra money. We came across rocketpot.io while browsing for a good btc casino online and it left us a very good impression with their wide variety of games and crypto offering.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

© 2019 Moran Media Group - All rights reserved TechMoran.

No Result
View All Result
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition

© 2019 Moran Media Group - All rights reserved TechMoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: