Redefining African leadership

Standard Bank's annual Top Women Conference commenced today with a focus on shedding light on the factors that support and impede the growth of women entrepreneurs. The event aims to highlight the crucial role of banking and trade solutions in empowering female entrepreneurs and society as a whole. Thembi Dlamini, Head of Africa China Banking, Business and Commercial Banking at Standard Bank, participated in the conference as a speaker on the opening panel. She discussed the current landscape for women in trade, the challenges they face, and the efforts being made to enable their participation and success. Reflecting on the state of women in the economy, Dlamini pointed out that women are often underrepresented compared to their male counterparts in various sectors, including trade. She highlighted barriers such as social norms, unconscious bias, lack of exposure to male-dominated industries, time constraints, and limited access to capital as hurdles that hinder the growth of women-owned businesses. Despite these challenges, the conference provided a platform for entrepreneurs to connect with like-minded individuals, industry experts, and leaders to equip them with the necessary tools for business success. Dlamini emphasized the critical role of banking solutions in empowering women in trade, especially in the context of driving intra-Africa trade. Standard Bank, operating in over 20 African countries, focuses on providing market-leading trade solutions to support clients in expanding their businesses across the continent. These solutions include market access, decision-making information, risk mitigation strategies, and valuable insights gathered through initiatives like the Trade Barometer. The bank's longstanding presence in China, spanning 19 years, has enabled them to facilitate access to the Chinese market for their clients. Through partnerships with institutions like the Industrial Commercial Bank of China, Standard Bank offers support in navigating the regulatory landscape, positioning products and services effectively, and mitigating risks associated with trading with China. By leveraging their expertise and network, Standard Bank empowers women entrepreneurs and SMEs to establish a foothold in international markets. Dlamini also discussed the opportunities for women in male-dominated industries such as transportation and technology. She highlighted the importance of networking and collaboration in sectors where women are underrepresented, noting the bank's role in facilitating partnerships and showcasing products at events like the China International Import Expo. These initiatives provide women-led businesses with the tools and connections needed to enter new markets and grow their enterprises. In conclusion, Dlamini's insights underscore the importance of empowering female entrepreneurs through tailored banking and trade solutions. By addressing barriers, providing support, and fostering opportunities for women in trade, Standard Bank is playing a pivotal role in advancing gender equality and economic growth in Africa and beyond.