340 entrepreneurs reap from Women Summit
DAR ES SALAAM: Over 340 women entrepreneurs benefited from the Accelerate Women Summit 2025, which empowered them with modern business and leadership skills.
Charlene Ruto, the daughter of the Kenyan President Ruto, also attended the summit as the CEO of Young People Network International.
During the summit, young women have been urged to take charge of their future by seizing opportunities early, rather than waiting until later in life.
Speaking during the summit, Ms Ruto said many women have innovative ideas but struggle to find platforms to express them.
“It is important to start elevating ourselves from high school to university, rather than waiting until we are older. Gender equality is not just about women; it involves everyone. In Kenya, President Ruto has significantly supported women, enabling them to access digital platforms, experiences, and leadership roles,” she said.
She further noted that while today’s generation is often called the “microwave generation”, where people expect instant success, mentorship remains essential. According to her, young people must learn from those ahead of them to navigate leadership and entrepreneurship effectively.
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Adding to this, event organiser Bernice Fernandes, who is the CEO of the Accelarate Business Group, highlighted some of the major challenges women face, including self-doubt and financial constraints.
“We want to see women accelerate in their careers and businesses. However, many feel inferior and do not believe they are capable. Financial literacy is another challenge, as women often struggle to access and manage funds. This is why platforms like this are important—to provide education and mentorship,” she said.
On the investment front, Chinwe Esemai, CEO of Scepter3 Global Advisors, outlined key factors that determine whether a female-led business secures funding.
“The founder’s leadership ability, experience, and work ethic are critical. If a founder cannot lead themselves, they cannot lead a business. Additionally, the idea must address a real need,” she explained.
She further advised women aspiring to executive roles to cultivate expertise, work on their mindset, and master effective communication, noting that “80 percent of success is psychology, while only 20 percent is strategy.”
Meanwhile, Esther Maruma, CEO of Bank of Africa Tanzania, underscored the role of financial institutions in driving change.
“Our participation reflects our commitment to growth, impact, and partnership. We believe in empowering women-led businesses not just financially but also by creating opportunities, providing mentorship, and fostering an environment for women to thrive,” she said.
The forum, which brought together leaders, entrepreneurs, and policymakers, served as a platform to call for greater gender inclusion, financial empowerment, and mentorship for women in leadership.
