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 opportunities, with 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.
Eni-led LNG expansion and ongoing deepwater investment are pushing the Republic of Congo’s energy sector toward more bankable projects ahead of the Congo Energy & Investment Forum 2027
BRAZZAVILLE, Congo (Republic of the), June 23, 2026/APO Group/ –With LNG exports set to triple to 3 mtpa, upstream oil production targeting 500,000 bpd and a renewed push on local content, the Republic of Congo is positioning itself as one of Central Africa’s most investable hydrocarbon markets. Under the leadership of the newly-appointed Minister of Hydrocarbons, Stev Simplice Onanga, the country is prioritizing industry growth by balancing local content with reserve replacement and project advancement.
What sets Congo apart is not the scale of its reserves, but the pace at which those reserves are being turned into commercially viable projects. From Eni’s LNG expansion and TotalEnergies’ deepwater developments to brownfield optimization by Trident Energy and output growth at Ammat Global Resources, capital is flowing into projects with clearer monetization pathways and nearer-term returns.
Ahead of the Congo Energy & Investment Forum (CEIF) 2027 – the country’s leading platform for energy investment and partnerships – the story is shifting away from frontier potential toward bankable projects already under development.
Policy Reform Is De-Risking Investment
Congo’s investment case is being reshaped by the alignment of resource base, regulatory reform and project delivery. Established oil production, expanding LNG capacity and fiscal adjustments are gradually reducing above-ground risk.
Recent reforms led by the Ministry of Hydrocarbons and Société Nationale des Pétroles du Congo have added structure to the sector. The Gas Code, introduced in October 2025, formalizes fiscal terms for gas commercialization, while the Gas Master Plan prioritizes flaring reduction and gas-to-power deployment, targeting 1,500 MW by 2030.
A new upstream licensing round is also under consideration, aimed at attracting fresh capital into both mature and frontier acreage. Together, these measures are improving visibility across upstream, midstream and downstream segments, with recent project activity reinforcing the shift.
The Projects Driving the Next Cycle
Deepwater oil remains central to Congo’s production outlook, with operators progressing both new developments and brownfield optimization. TotalEnergies is advancing work at the Moho licence following the April 2026 Moho G discovery, backed by a $500–$600 million infill drilling program targeting about 40,000 bpd in incremental output.
Local independent Ammat Global Resources is targeting 70% production growth from its Loango and Zatchi fields, where reactivated wells and upgraded platforms have already lifted output by 75%. Perenco continues steady gains, adding roughly 6,000 bpd through its 2025–2026 drilling program.
Trident Energy, after acquiring an 85% working interest in the Nkossa and Nsoko II assets in 2025, is focused on extending field life through subsea optimization and redevelopment work.
While oil continues to anchor revenues, gas is rapidly emerging as Congo’s fastest-growing segment. Eni’s Congo LNG project delivered its first cargo from Phase 2 in February 2026, following the startup of the Nguya FLNG unit in December 2025. Together with Tango FLNG, capacity has risen from 0.6 mtpa to 3 mtpa. Trident Energy has also proposed an FLNG project aimed at adding further capacity across the country’s gas market. The project is expected to operate as shared infrastructure, allowing multiple operators to process gas from their respective fields. This creates an outlet for associated gas that might otherwise be stranded, supporting the country’s broader diversification goals.
Local Content Is Reshaping Investment Terms
Beyond upstream policy, Minister Onanga has positioned local content as a central pillar of Congo’s investment framework, and a key determinant of how capital is structured and deployed.
Decrees 2019-342, 343, 344 and 345 set requirements around subcontracting, workforce localization and training commitments, with the effect being a gradual shift in how projects are structured and how partnerships are formed. Operators are increasingly assessed not only on technical delivery but on in-country value creation, including partnerships with local firms and skills development. Logistics, maintenance and other service areas are increasingly channeled through domestic providers.
At CEIF 2027 – taking place June 1–3 in Brazzaville – attention will shift to what is moving forward and to the investors positioned to take part in that pipeline. Congo’s energy sector is no longer defined by potential alone: projects are moving, capital is being committed and policy is starting to catch up with activity on the ground.
As the Republic of Congo moves from reserves to revenue, the signal to investors is clear: this is already unfolding, not a future opportunity.
Distributed by APO Group on behalf of Energy Capital & Power.
Afreximbank secures double honours at the 2026 International Association of Business Communicators (IABC) Gold Quill Awards for excellence in strategic communications
The Award of Excellence for IATF2025 recognises the successful communications and stakeholder engagement programme delivered around the fourth edition of the Intra-African Trade Fair, Africa’s premier trade and investment event
CAIRO, Egypt, June 23, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has been recognised with two prestigious honours at the 2026 International Association of Business Communicators (IABC) Gold Quill Awards, one of the world’s most prestigious awards programmes for strategic communications.
The Bank received an Award of Excellence in Special and Experiential Events category for the Intra-African Trade Fair 2025 (IATF2025) held in Algiers, Algeria and an Award of Merit in the Social Media category for its Afreximbank Social Media Campaigns, reaffirming Afreximbank’s commitment to delivering impactful communications that advance its mandate of promoting trade, investment and industrialisation across Africa and the Caribbean.
We are delighted to receive these two awards, which attest to the expertise, creativity and efficiency of Afreximbank’s communication
The Award of Excellence for IATF2025 recognises the successful communications and stakeholder engagement programme delivered around the fourth edition of the Intra-African Trade Fair, Africa’s premier trade and investment event. IATF2025 brought together governments, businesses, investors, buyers, sellers and entrepreneurs from across Africa and beyond, creating a platform for trade and investment opportunities while advancing the objectives of the African Continental Free Trade Area (AfCFTA). The communications campaign played a pivotal role in driving global awareness, stakeholder participation, media visibility and engagement before, during and after the event, while showcasing the scale, ambition and dynamism of African enterprise and reinforcing a positive narrative about Africa’s capacity to trade, industrialise and compete on the global stage. Over 120,000 delegates attended IATF2025 in person and virtually, with deals worth over US$50 billion recorded.
The Award of Merit for Afreximbank Social Media Campaigns recognises the Bank’s strategic use of digital platforms to engage stakeholders, amplify its developmental impact and elevate conversations around trade, industrialisation, economic integration and investment opportunities across Africa and the Caribbean. Through a combination of compelling storytelling, thought leadership content, executive advocacy, multimedia production and real-time event coverage, Afreximbank’s social media platforms have continued to expand their reach and influence among policymakers, businesses, investors, development partners and the wider public. Among these platforms is the Afreximbank TV, a digital TV channel that is wholly owned and managed by Afreximbank, whose fifth edition was celebrated with dedicated coverage of IATF2025, providing live coverage of the activities to both pan African and global audiences.
Anne Ezeh, Director & Global Head, Communications and Events at Afreximbank commented: “We are delighted to receive these two awards, which attest to the expertise, creativity and efficiency of Afreximbank’s communications. As a pan African multilateral financial institution, we see storytelling as a powerful tool for advancing our mission — ensuring our initiatives, events, programmes and key announcements not only inform, but also inspire confidence, deepen engagement and amplify Africa’s transformation. These awards reinforce our resolve to continue delivering world-class communications that elevate African voices and projects a bold and authoritative narrative of the continent.”
Ms. Ezeh added that through innovative storytelling, digital engagement and integrated campaigns, the Bank will continue to amplify the impact of its programmes and partnerships to project a more authentic narrative of Africa, one defined by opportunity, innovation, resilience and growing influence in the global economy.
For more than five decades, the IABC Gold Quill Awards have recognised excellence in strategic communications globally, celebrating programmes and campaigns that demonstrate measurable impact, innovation, creativity and outstanding execution. Widely regarded as the pinnacle of achievement in the communications profession, the awards are judged through a rigorous and independent evaluation process conducted by experienced communication leaders from around the world.
Distributed by APO Group on behalf of Afreximbank.
In 2025, IsDBI significantly expanded its footprint in Islamic finance transformation, approving 25 new technical assistance projects valued at US$4.14 million and completing 19 projects worth US$3 million
BAKU, Azerbaijan, June 23, 2026/APO Group/ —
The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org) has released its 2025 Annual Report during the 2026 IsDB Group Annual Meetings held in Baku, Azerbaijan, showcasing a year of expanded impact in Islamic finance transformation, innovative solutions, and capacity development.
The report highlights how IsDBI strengthened its role as a global knowledge leader by advancing innovative solutions and scaling support to Member Countries through knowledge-based interventions, Islamic finance grants, and strategic partnerships.
In 2025, IsDBI significantly expanded its footprint in Islamic finance transformation, approving 25 new technical assistance projects valued at US$4.14 million and completing 19 projects worth US$3 million, supporting countries in strengthening regulatory frameworks and promoting inclusive financial systems.
Since 2013, the Institute’s interventions in this regard have reached over US$27.57 million across 181 projects benefiting more than 34 countries, underlining its sustained contribution to development outcomes across the Islamic world.
I am pleased to note that the Institute has continued to strengthen its unique role in the global development ecosystem
The Annual Report highlights major progress in IsDBI’s three flagship transformative projects, namely Awqāf Free Zones, Digital Postal Islamic Financial Services, and Smart Countertrade System, which have all advanced to pilot-ready stages. These initiatives aim to address global challenges such as financial inclusion, food and energy security, and trade resilience.
Furthermore, the Institute accelerated its focus on digital innovation in Islamic finance, enhancing its Islamic Finance Artificial Intelligence Assistant (IFAA) and hosting its first AI Hackathon on Islamic Finance, engaging more than 40 teams in developing cutting-edge solutions aligned with industry standards.
Human capital development in Islamic finance also remained a cornerstone of IsDBI’s work in 2025, with the delivery of over 20 training programs reaching around 500 professionals across Member Countries. A key achievement in this area was the Entrepreneurial Mindset Development Program, a flagship initiative equipping emerging leaders from 20 countries with innovation-driven and values-based entrepreneurship skills. The program was designed and implemented in collaboration with Prince Mohammed Bin Salman College of Business and Entrepreneurship, Saudi Arabia.
The Institute also strengthened its thought leadership through flagship publications, global partnerships, and digital engagement, reinforcing its position as a leading voice in Islamic economics and finance.
Commenting on the issuance of the Annual Report, Dr. Sami Al-Suwailem, Acting Director General of IsDBI, said: “I am pleased to note that the Institute has continued to strengthen its unique role in the global development ecosystem by bridging knowledge creation, building human capital, and designing innovative solutions to address economic challenges.”
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