27 August 2016
Nigeria is better than the U.S. when it comes to the number of CEOs of publicly traded companies, says the World Economic Forum (WEF).
WEF’s Editor, Anna Bruce-Lockhart, reports that in a survey commissioned by Dell, China, Brazil, and Malaysia also knocked the U.S. of the top post.
If you’re a women-led start-up, there’s officially no better place in which to build your business than the United States, however.
Perhaps unsurprisingly, the U.S. has been named the best place for female entrepreneurs, with Canada, Australia, Sweden and the United Kingdom close behind and rounding out the top five.
Bottom of the list are Bangladesh, Pakistan and India.
But while the U.S. occupies top spot in the ranking in the survey of 31 countries, it still has a long way to go.
Across the five categories evaluated (business environment, access to resources, leadership, pipelines and growth potential) the U.S. scored just 71 per cent.
Additionally, while the country scored highest in the business environment category, only 13 per cent of its start-ups have women on their executive team and a mere 3 per cent of woman-helmed enterprises received venture-capital funding in 2014.
And in Poland, Jamaica and Russia, 35 per cent or more of senior managers are women, compared with just 25 per cent in America.
Overall, the study found that more than 70 per cent of the 31 countries surveyed scored below 50 per cent when it came to creating the basic conditions for female entrepreneurs to succeed.