Connect with us
Anglostratits

Business

Challenges and Opportunities – Global Survey Results on Women’s Tech Careers

Published

on

Tech Careers

New survey reveals COVID, cost of living crisis, skills shortages and lack of mentorship have negatively affected women’s career development in the past 2 years

CAPE TOWN, South Africa, March 8, 2023/APO Group/ — 

52% believe women’s careers in tech suffered due to COVID-19 & cost-of-living crisis; 32% of those in the tech sector say they haven’t received a promotion for over 24 months; 68% see a skills shortage as a key barrier to entry; 21% of women in Africa tech roles are working more than one job to make ends meet; women still need better pay and better flexible working opportunities.

A new global survey of women and allies ahead of International Women’s Day (IWD) today, 8 March, held under the theme “DigitALL: Innovation and technology for gender equality’”, reveals that parity for women in technology-related positions and industries is still a way off, and suggests that COVID-19 has had a major role to play in blocking women’s advancement, along with a skills shortage, and that women are further hampered in their progression by a cost-of-living crisis and lack of access to funding.

The survey entitled, ‘A deep dive into challenges & opportunities for women’s tech careers and women-led enterprises across Asia, Europe and Africa’, attracted respondents from those three regions, with 45% of respondents who live and work in Africa, 38% based in Europe and 17% in Asia. The survey, conducted by global tech event Africa Tech Festival (http://www.AfricaTechFestival.com/) and tech news portal Connecting Africa (http://www.ConnectingAfrica.com/) in conjunction with London Tech Week and Asia Tech X Singapore, is part of a new annual benchmark survey mapping barriers faced by women in business, perceptions around why they cannot move forward, as well as potential solutions and opportunities to bridging the equality divide.

Challenges

The survey found that over half (56%) of respondents believed that when it came to the recent pandemic and to economic challenges in general, it was women who missed out on work opportunities, were forced to scale down work and take time off to care for children, as well as undertaking more household chores.  

26% of the respondents believe women are more likely than men to have been denied access to financial support from governments, whilst a further 26% perceive women as shouldering most of the burden of childcare or care of other dependants in their households whilst juggling work responsibilities.

These compounded the challenges women in the increase of the cost of living, with a little over 2/3 of European and Asian women respondents’ employment situation was impacted by the cost-of-living crisis. However, that number increases to almost 81% of African women. The cost-of-living crisis seems to have a bigger impact in Africa than in Asia and Europe.

Working more than one job is increasingly commonplace – 15%  revealed they used to be self-employed or own a business but have now taken another job whilst running their business on the side, with 21% of African respondents confirming they are now working two or more jobs, a greater proportion than their counterparts in Europe and Asia.

Whilst women still experience gender bias in the tech sector, overall, unemployment in the tech ecosystem was found to be less than other surveyed industry sectors, with just 2% of women tech workers across the three regions targeted made redundant over the past 24 months. 12% of those respondents are now working full time when they used to be unemployed and a further 16% are now working full-time up from their part time roles. 

73% of women respondents across the three continents have seen their employment situation in the tech sector impacted by a lack of career development opportunitieswith 32% revealing they had a pay loss and/or haven’t received a promotion for more than 24 months, although this could be due to the pervading economic climate.

Lack of funding and support for women in tech

The survey shows that women are still a long way from achieving equality when it comes to obtaining funding. Having a greater amount of women-focused business events and awards is perceived as one of the most powerful initiatives, which has helped women-led start-ups get better access to funding over the last 24 months. This is closely followed by more women in tech being championed in the press.  African women, however, seem to struggle the most, with 19% saying it is now significantly more difficult to access funding.

We need to focus from the grassroots up and empower Africa’s young women to follow paths into STEM careers by providing better funding

Other factors that could lead to better support for women-led business and to encourage more women to enter the field, include the presence of more women-led venture capital funds and women-focused accelerator programmes.

Underlining this, and on a continent that is increasingly reliant on the start-up ecosystem for economic sustainability, Africa is where women (41%) struggle the most to launch a new business, whilst 68% of respondents believe skills shortage to be the biggest obstacle to women entering the sector.

Sadly, 40% of African women respondents believed it was more difficult for women to secure a pay rise in tech, whilst 41% said it was more difficult for women to achieve senior leadership or board positions.

Commenting on the reality of the situation in Africa, Paula Gilbert, Connecting Africa Editor, said: “Africa is making strides towards more gender parity in the tech and telecoms industry but there is still a lot that needs to be done to have true equality in the sector. When it comes to investment, the proportion of funding going to female-founded and female-led start-ups in Africa, remains incredibly low and representation at a C-suite and board level remains skewed towards male leaders.

“We need to focus from the grassroots up and empower Africa’s young women to follow paths into STEM careers by providing better funding, access to skills programmes and mentorship opportunities. That said, there is no silver bullet to cure this problem, it needs to be approached on all sides to break down the biases that women face on a daily basis and break the cycle for the next generation.”

Solutions

Speaking to Gilbert’s point, women would like to see better visibility and promotion of STEM career opportunities for women to help more women break into and thrive in the tech industry. This would help achieve more gender equity with their male counterparts in the sector, as well as more equal pay between genders and better flexible work opportunities.

Women also believe that there need to be more mentorship programmes for women, as well as opportunities to participate in panel discussions and debates and the development of female role models, which will assist in encouraging more women to enter STEM related businesses.

James Williams, Director, Events, Connecting Africa, Informa Tech, agrees women should be given more representation saying: “International Women’s Day is an incredibly important date in our calendar at Africa Tech Festival.  In recent years, many African nations have led the way in female representation and empowerment, from government through to enterprise sectors but there’s no doubt there is some way to go to achieve gender parity across tech and telecoms. That said, given the successes we witness at Africa Tech Festival each year, I truly believe it’s an area Africa can lead the world in, and we are pleased to play our small part in making that happen!”

Given that women bore the brunt of the parenting role and household care, women also believe that more support at work for parents and having flexible working hours and arrangements would help level the playing fields.

This year’s International Women’s Day theme is ‘Innovation and technology for gender equality’ and according to the survey 5G, 4G and Mobile Technology is perceived as the most important innovation over the last 10 years.  This has had the biggest impact on gender equality (28% of all respondents), with Edtech being the number one innovation that African women say has helped them.

Distributed by APO Group on behalf of Africa Tech Festival.

Business

Afreximbank Posts Robust Q1 2026 Results with 25% Growth in Net Income and Improved Profitability

Published

on

Afreximbank

The results demonstrate continued resilience, disciplined balance sheet management and strong deal execution despite a challenging global operating environment

The growth in net interest income and profitability demonstrates the strength of our operating model and the continued relevance of our mandate

CAIRO, Egypt, May 22, 2026/APO Group/ –African Export-Import Bank (“Afreximbank” or the “Bank”) (www.Afreximbank.com) and its subsidiaries (the “Group”) announced its results for the three months ended 31 March 2026. The results demonstrate continued resilience, disciplined balance sheet management and strong deal execution despite a challenging global operating environment.

 

The Group continued to expand its lending activities in Q1 2026, resulting in total credit exposure growing by 2% to reach a portfolio of US$42 billion, up from US$41 billion as of 31 December 2025. This performance reflects Afreximbank’s leading role as a Development Finance Institution (DFI) in financing trade and trade-enabling infrastructure, and its strategic contribution to economic resilience across Africa and the Caribbean.

Average loans and advances for Q1 2026 stood at US$32 billion, up 8% compared to the same period in the prior year, driving the recorded growth in interest income. The Group’s liquidity position remained strong, with cash and cash equivalents of US$5.6 billion, representing 14% of total assets, consistent with FY2025 and above the Bank’s strategic minimum.

Asset quality also remained strong, with the non-performing loan (NPL) ratio at 2.40%, broadly in line with 2.43% at FY2025 and below industry average.

Shareholders’ funds increased to US$8.6 billion at 31 March 2026, up from US$8.4 billion at FY2025, supported by internally generated capital of US$268.9 million and new equity investments received during the quarter, underscoring the Bank’s continued ability to mobilise capital from its shareholders in support of its growth and development mandate.

The Group delivered strong profitability during the quarter.  Notwithstanding declining benchmark rates, total interest income rose by 14% year-on-year to reach US$813.6 million, while net interest income increased by 24% to US$510.0 million, compared with US$411.2 million in the first quarter of 2025. The Group’s cost-to-income ratio remained contained at 19%, well within the Group’s strategic ceiling of 30%. As a result, Profit for the period increased to US$268.9 million, up from US$215.4 million in Q1 2025.

The Group continued to maintain a strong capital position, with a capital adequacy ratio of 23% as at 31 March 2026, in line with the Bank’s long-term capital management targets.

During the quarter, Afreximbank continued to demonstrate its counter-cyclical role in response to external shocks. In March 2026, the Bank launched a US$10 billion Gulf Crisis Response Programme to help member countries mitigate adverse spillover effects from the Gulf crisis. The facility is designed to support liquidity, stabilise trade and payments, and address supply-side disruptions, particularly in energy, tourism and aviation, fertilisers, food and other critical imports.

The Bank also continued to deploy targeted financing and advisory support to strengthen trade flows, industrial capacity and economic resilience across Africa and CARICOM. Regional integration received further momentum following South Africa’s ratification of the Bank’s Establishment Agreement in February 2026, bringing one of Africa’s largest and most diversified economies into the Bank’s membership and giving the Bank full continental coverage.

Highlights of the results for Afreximbank Group are shown below:

Financial Performance Metrics

Q1’2026

Q1’2025

Gross Income (US$ million)

874.1

784.9

Net Income (US$ million)

268.9

215.4

Return on average equity (ROAE)

13%

12%

Return on average assets (ROAA)

2.62%

2.38%

Cost-to-income ratio

19%

16%

 

Financial Position Metrics

Q1’2026

FY’2025

Total Assets (US$ billion)

41.7

42.3

Total Liabilities (US$ billion)

33.0

33.9

Shareholders’ Funds (US$ billion)

8.6

8.4

Non-performing loans ratio (NPL)

2.40%

2.43%

Cash/Total assets

14%

14%

Capital Adequacy ratio (Basel II)

23%

          23%

 

Mr. Denys Denya, Afreximbank’s Senior Executive Vice President, commented:

“Against a backdrop of continued global uncertainty, heightened geopolitical risks and tight financial conditions, the Group delivered a resilient first-quarter performance, underpinned by disciplined balance sheet management, sound asset quality and strong capital and liquidity buffers. The growth in net interest income and profitability demonstrates the strength of our operating model and the continued relevance of our mandate. Our swift launch of the US$10 billion Gulf Crisis Response Programme further underscores Afreximbank’s counter-cyclical role in supporting member countries during periods of disruption. We remain focused on stabilising trade flows, easing liquidity pressures and advancing the industrial and economic transformation of Africa and the Caribbean.”

Distributed by APO Group on behalf of Afreximbank.

Continue Reading

Business

Via Licensing Alliance Expands Voice Codec Program with New Licensee, New Licensors, Publishes Comprehensive Pool Rate Structure

Published

on

Via Licensing Alliance

SAN FRANCISCO, CALIFORNIA, UNITED STATES – Media OutReach Newswire – 22 May 2026 – Via Licensing Alliance (Via) today announced continued momentum for its Voice Codec patent pool, including the addition of a new unnamed licensee and new licensors, NovaVoice Limited and Cordial IP, further growing the program’s patent stack and market penetration from its initial five, large global licensors.

The addition of the new licensee, unnamed at this time, reflects growing industry adoption of the collaborative licensing pathway Via’s Voice Codec program creates for accessing IP rights to critical voice technologies. This addition reflects a growing market uptake of advanced voice technologies, including EVS and IVAS, driven by rising demand as 5G and 5G-Advanced technologies are adopted worldwide.

Additionally, Via continues to prioritize transparency and has published its full rate structure for the Voice Codec pool, providing further clarity and predictability for implementers and to the broader market. For implementers, the full rate structure allows for complete visibility as they consider the appropriate royalty structure to choose from to meet their product level costs, evaluate future growth paths for their product lines, or plan their geographical expansion plan needs. This level of disclosure not only reduces uncertainty in licensing decisions but also enables more consistent benchmarking, reinforcing confidence in fair, market-aligned SEP licensing practices. The program’s royalty rates are listed on Via’s website at https://www.via-la.com/licensing-programs/voice-codec/#license-fees.

The addition of the new licensors indicates increased interest from patent holders in licensing their voice technology SEPs through highly efficient, aggregated licensing vehicles such as patent pools. Future growth in both the licensor list and the number of patents consolidated through the pool license will continue to enhance the value of the Voice Codec License for implementers. Via’s Voice Codec program licensors are listed here: https://www.via-la.com/licensing-programs/voice-codec/#licensors.

Via’s Voice Codec pool covers Enhanced Voice Services (EVS), which supports voice communications across more than one billion and growing active devices globally, as well as Immersive Voice and Audio Services (IVAS), which will play a central role in next-generation voice and spatial audio applications.

“We are pleased to welcome these new entrants to our pool, which signal continued growth and momentum our Voice Codec program,” said Kevin Mack, President of Via Licensing Alliance. “This pool license offers strong value relative to other market options and represents the only collaborative licensing solution for EVS and IVAS technologies, making it a smart and efficient pathway for companies seeking to license critical voice capabilities.”

EVS remains a foundational technology for high-quality voice communications in 5G and 5G-Advanced networks, with adoption continuing to expand as 5G, 5G-Advanced and future network iterations reach global scale. As spatial audio and advanced voice technologies expand into 6G and a broader range of non-cellular devices, the importance of IVAS technologies is expected to increase, with Via’s pool offering an early and effective licensing pathway.

For more information about the Voice Codec patent pool, including information for prospective licensees, please visit https://www.via-la.com.

About Via Licensing Alliance:
Via Licensing Alliance is the collaborative licensing leader, dedicated to accelerating global technology adoption, fostering participation, and generating return on innovation with balanced licensing solutions for innovators and manufacturers of all sizes around the globe. Via has operated dozens of licensing programs for a variety of technologies. Via is an independently managed company owned by industry-leading participants with over 25 years of intellectual property licensing leadership. For more information about Via, please visit https://www.via-la.com.

 

Continue Reading

Business

Joint statement welcoming the Republic of Togo’s announcement on Visa facilitation for African nationals

Published

on

Togo

The AfCFTA Secretariat and Afreximbank commend the Government and people of the Republic of Togo for hosting Biashara Afrika 2026 and for their continued commitment to advancing Africa’s economic integration agenda

LOMÉ, Togo, May 21, 2026/APO Group/ –The AfCFTA Secretariat and African Export-Import Bank (Afreximbank) (www.Afreximbank.com) welcome the announcement by the Government of the Republic of Togo, under the leadership of H.E. Faure Essozimna Gnassingbé, President of the Council of the Republic of Togo, regarding measures to facilitate visa-free entry for all nationals of African States holding valid passports, as announced by the Minister of Security on 18 May 2026.

The announcement was made in Lomé on the sidelines of Biashara Afrika 2026, the continent’s premier trade and business platform, which has brought together policymakers, private sector leaders, investors, and stakeholders from across Africa to advance dialogue on intra-African trade, investment, and regional integration.

Throughout the engagements, participants underscored the importance of facilitating the movement of African citizens, entrepreneurs, and investors as an important enabler of intra-African trade and economic cooperation. Against this backdrop, the announcement reflects the growing continental momentum towards strengthening connectivity and deepening African integration.

The AfCFTA Secretariat and Afreximbank, to which Togo is a State Party and a Member State, envision a continent where goods, services, capital, and people move more freely across borders in support of an integrated African market. Measures that facilitate mobility and connectivity continue to contribute towards advancing the broader mandate of both institutions; the attainment of the aspirations of Agenda 2063.

The AfCFTA Secretariat and Afreximbank commend the Government and people of the Republic of Togo for hosting Biashara Afrika 2026 and for their continued commitment to advancing Africa’s economic integration agenda.

Distributed by APO Group on behalf of Afreximbank.

Continue Reading

Trending