She’s Next powered by Visa is a global advocacy program for women-owned small businesses. As the rate of female entrepreneurship continues to rise, this program ensures that women have the right tools to expand and succeed in business. Visa understands that small businesses are the backbone of local economies around the world - they are the biggest employers, job creators, and contributors to the national GDPs. The She’s Next initiative which launched in the US in 2019, has now expanded to Sub-Saharan Africa to further champion and strengthen African Women business owners as they build, sustain, and advance their businesses.
FEATURED INFOGRAPHIC
Understanding Women Owned SMEs in Sub-Saharan Africa
Building on the support Visa provides women-owned small businesses through its She’s Next program, this new data shines a light on the challenges women-owned businesses face specifically and will allow Visa to bring resources and expertise to provide entrepreneurs with tailored solutions
View the infographic to learn more
Impacting Women Fund Managers in SSA
Visa has announced a grant towards the African Women Impact Fund (AWIF), a collaboration between Standard Bank and the United Nations Economic Commission for Africa (UNECA). The grant will be utilized to fund the working capital needs of women fund managers across South, East, and West Africa and will target 55 women.
Learn more

Practical Business Skills
The Practical Business Skills program by Visa offers free educational resources and interactive tools to help business owners start, manage and grow their small businesses. The program is focused on helping growth-minded entrepreneurs with fewer than ten employees thrive via a variety of resources available in both English and Spanish.
Learn more about the program

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Cautiousness
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Visa expands She’s Next initiative in Africa, empowering women entrepreneurs with digital capabilities
New Visa research reveals that 54% of ‘cash only’ merchants have missed business opportunities, with 70% of women-owned businesses expecting eCommerce to expand beyond the pandemic
September 23rd, 2021 – As the rate of women entrepreneurs across Sub-Saharan Africa continues to rise, Visa is expanding its global She’s Next initiative to empower women entrepreneurs on the continent, bringing practical insights and valuable tools needed to grow and advance their businesses.
The initiative comprises a series of programs giving women entrepreneurs access to insights via research and engagement with small businesses, private and public sector communities and educational resources. She’s Next, empowered by Visa, will also bring networking opportunities in partnership with She Leads Africa; a community of over 700 0000 women entrepreneurs, and lastly financial support and solutions to enable digital capability.
To coincide with the launch, Visa has unveiled new research titled “Understanding Women Owned SMEs”, which explores the role of technologies including digital payments in enabling the business success of female entrepreneurs in South Africa, Kenya, and Nigeria. The research highlights the top business challenges experienced by women entrepreneurs in South Africa, Kenya and Nigeria, the impact of Covid-19 on these business and how digital payments have accelerated business growth in over 80% of the businesses surveyed.
“According to the Global Entrepreneurship Monitor, Sub-Saharan Africa has the highest percentage of women entrepreneurs in the world, with 26% starting and managing a business on the continent in the last year. We aim to encourage and enable even more participation of women in driving the economy, through our She’s Next initiative,” says Aida Diarra, Senior Vice President & Head of Sub-Saharan Africa at Visa. “Our research shows that female-led businesses face unique challenges throughout their entrepreneurial journey, and we are committed to helping these business owners across Africa to identify opportunities for growth.”
Visa Survey: African Women Entrepreneurs
The World Bank sites Africa as home to 8 of the 10 fastest-growing economies in the world, a market ripe with opportunity and enabled by woman-owned businesses. Key findings from the Visa survey include:
- Top business challenges: Lack of technological infrastructure, economic fluctuations and a regulatory environment were highlighted as the top business challenges for women entrepreneurs in South Africa, Nigeria, and Kenya.
- Covid-19’s impact on businesses: 7 out of 10 women-owned SMEs in SSA claim the pandemic has had a significant negative impact on their business revenue.
- Digital payments accelerate business growth: The impact of introducing digital payments for businesses is positive, but the study shows room for improvement in adoption. 83% of respondents that did adopt digital payments experienced improvement in revenue.
- E-commerce: Over 50% of women owned SMEs in Nigeria and Kenya have an ecommerce presence with a high likelihood of offering customers an option to pay online. At least 7 out of 10 women expect their customers use of ecommerce platforms to increase after the pandemic.
Supporting Growth of Small Businesses across the Globe
As one of the largest electronic payment networks in the world, Visa provides products, services and programs that go beyond payment tools to deliver the value of Visa’s network by helping small businesses to be more competitive today and in the future. Visa believes that economies that include everyone, uplift people everywhere and it focuses every day on enabling access to digital commerce for both buyers and sellers. For small businesses, Visa is taking steps to address the access gap and be a payments network that truly works for everyone.
So far, Visa has digitally enabled 16 million small and micro businesses (SMBs) worldwide, just over 30% of the multi-year goal it set in 2020 to digitize 50 million SMBs. The Visa Foundation also announced $3,500,000 million in funding to organizations across Sub-Saharan Africa that support small and micro businesses (SMBs). This funding includes grants and impact investments1; to programs that provide SMBs with training, support services and access to capital, with a gender inclusive and diverse lens.