BUSINESS
Employees
Black women face higher unemployment rates and a much greater gender and racial pay gap.
2018 State of Women-Owned Businesses Report
Entrepreneurs
While the number of women-owned businesses grew by 58% from 2007 to 2018, firs owned by black women grew at nearly three times that rate.
2018 State of Women-Owned Businesses Report
The Good News
If revenues generated by companies owned by black women matched those currently generated by other women owned comapnies, TRILLIONS of dollars in revenue would be added to the global economy.
2018 State of Women-Owned Businesses Report
Around the world, businesses owned by black women tend to be small, less frequently patronized, and lack scalability. Some of the most noted reasons for this include capital constraints, a lack of educational resources, and limited mentors who understand their cultural nuances and unique starting points and perspectives. As a result, many black women who are interested in business tend to be more risk averse and enter industries that are easier to understand and access.
Òman Baako is working to change this.
URGENT COVID-19 SUPPORT IS NEEDED
The global COVID-19 pandemic has put increased pressure on businesses owned by women in Africa, especially those who survive one day at a time on meager earnings.
Help us provide immediate relief today. Your donation will be used to buy food, supplies for babies, and cleaning products. Let's keep our sisters safe. We are stronger together.
Our Projects
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Black women have long suffered from a lack of professional mentors who understand their business models and connect culturally on their vision. Most don't know who to go to, and what organizations are out there that can support them. Black women are also the least likely to receive business investment greater than the so-called "microloans" touted by major international development organizations. The Business Across the Diaspora program is designed to connect black women business leaders from around the world for business investment and mentorship. Part of this initiative is the African Women Entrepreneurs Fund which invests in female founded small businesses in Africa.
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Join us December 28, 2020 to January 7, 2021 for a life-changing 10-day retreat in Ghana! This unique opportunity has been carefully designed to provide a professional development experience for Pan-African business women (side hustlers, intrapreneurs, entrepreneurs, corporate bosses, you name it!) from around the world who are looking to launch, expand, or scale their business endeavors and further develop themselves as business leaders. Click HERE to learn more!