African Women Leading Economic Growth
African economies have experienced impressive growth in recent years, with women emerging as crucial contributors to this development. From influencing policy to spearheading strategic discussions in boardrooms, women across the continent are increasingly recognized as key drivers of economic advancement.
Their impact transcends mere participation; they are establishing new benchmarks and reshaping perceptions of leadership in traditionally male-dominated sectors.
BusinessDay highlights women who have made substantial contributions to Africa’s economy, showcasing their extensive influence and reach.
Spotlight on Ten Influential Women in Africa’s Economy
Folorunsho Alakija – Executive Vice Chairman, Famfa Oil Limited
Folorunsho Alakija is a multifaceted professional, known not only as a business mogul but also as a philanthropist and fashion icon. As the Executive Vice Chairman of Famfa Oil Limited and the founder of the Rose of Sharon Foundation, she plays a significant role in the oil sector.
The company primarily exports crude oil to major international markets, including the United States, various European nations such as Belgium, Spain, and France, as well as India. In 2021, Forbes named her Africa’s richest woman, highlighting her philanthropic efforts through her foundation, which focuses on assistance for orphans and widows.
Stella Okoli – CEO, Emzor Pharmaceutical Industries Limited
The healthcare sector in Africa has seen transformative growth, largely due to initiatives led by Stella Chinyelu Okoli. As the founder and group managing director of Emzor Pharmaceutical Industries Limited, her work significantly impacts the medical field while also empowering communities.
A pharmacy school graduate, she founded the Chike Okoli Foundation in honor of her late son, training over 250 students in entrepreneurship annually. Her contributions have been recognized with honors including being named a Member of the Order of Nigeria and an Officer of the Order of the Niger.
Ayobami Animashaun – Founder and President, Vanity Hub Africa
As a British-Nigerian software engineer and global strategist, Ayobami Animashaun is at the forefront of structural changes in Africa’s engagement with the global economy. She leads Vanity Hub Africa, the Africa Beyond Extractives Initiative, and the Nigeria Beyond Oil Initiative.
A graduate of the University of Leicester and King’s College London, Animashaun combines her technical expertise with a holistic view of economic design and financing. Her experience spans major technology firms like Intel and Cisco Systems, where she has held director-level roles. Through her initiatives, she champions trade over aid, aiming to connect African capabilities with global markets.
Mo Abudu – CEO, EbonyLife Group
Known as a dynamic force in the global entertainment industry, Mosunmola Abudu founded EbonyLife TV and EbonyLife Films, which have produced hits such as *The Wedding Party* and *Blood Sisters*. Driven by her passion for cinema, she collaborates with major production companies including Netflix and Lionsgate to showcase African stories.
Her efforts to empower the film industry have not gone unnoticed; she was recently recognized as one of the most influential women in international film by *The Hollywood Reporter*.
Mojisola Humponu Usu – Founder, Woodhall Capital
Mojisola Humponu-Usu stands out as the founder and managing director of Woodhall Capital, a financial advisory firm with offices in Abuja, Lagos, Dubai, and London. With a strong educational background in economics, she not only aims to break glass ceilings in the financial sector but also actively supports community development through the Woodhall Capital Foundation.
Her foundation partners with local schools and authorities to enhance educational resources in underserved areas, showcasing her commitment to social impact alongside professional achievement.
Oby Ezekwesili – Economist and Former Minister of Education
Oby Ezekwesili has been instrumental in advocating for Africa’s economic interests on the global stage. After managing key economic projects in 48 sub-Saharan African countries, she became the World Bank’s Regional President for Africa from 2007 to 2012. Ezekwesili is also recognized for her advocacy work, notably through the #BringBackOurGirls campaign.
Kemi Adetiba – Director and Filmmaker
As a renowned director and filmmaker, Kemi Adetiba has made significant contributions to the film industry. Holding a law degree from the University of Lagos, she has directed successful projects such as *King of Boys* and *The Wedding Party*.
With numerous accolades to her name, Adetiba has also collaborated with high-profile music artists, further solidifying her impact on both film and music.
Zain Asher – Broadcaster and CNN International Host
Nigerian-British broadcaster Zain Asher has made waves at CNN International as co-anchor of *One World with Zayn and Bianna*. With degrees from the University of Oxford and a master’s in journalism from Columbia University, she covers global events and their effects on economies.
Asher’s commitment to impactful journalism has established her as a significant figure in media, particularly through her coverage of major international crises.
Florence Otedola (DJ Cuppy) – Disc Jockey and Philanthropist
Florence Otedola, better known as DJ Cuppy, is a celebrated disc jockey and philanthropist, leveraging her platform and connections to make a difference in society. The Oxford University alumna utilizes her foundation to promote quality education and empower youth with critical thinking and creativity skills.
Tara Fela-Durotoye – Beauty Entrepreneur and Founder of House of Tara
Tara Fela-Durotoye revolutionized Nigeria’s makeup industry as the CEO and founder of House of Tara. Her pioneering efforts led to the establishment of Nigeria’s first makeup school, and her achievements have earned her accolades, including recognition by Forbes as one of Africa’s 50 Most Powerful Women in 2020.
