FinTech and women’s entrepreneurship in Africa: the case of Burkina Faso and Cameroon

Figures & data

Table 1. Entrepreneurship in Burkina Faso and Cameroon disaggregated by gender.

Percentage (%) of Self-employed or Entrepreneurs
Burkina Faso
	All	Female	Male
Formal/Registered	2.7	2.5	2.9
Informal/Unregistered	24.3	23.8	24.5
Formal or Informal	26.9	26.2	27.6
Cameroon
Formal/Registered	2.4	1.7	3.1
Informal/Unregistered	27.5	26.5	28.6
Formal or Informal	29.5	27.9	31.3

Source: Computed from FinScope Surveys of Burkina Faso (2016) & Cameroon (2017).

Table 2. Financial inclusion in Burkina Faso and Cameroon.

Panel 1: Access to Finance
Burkina Faso
	All	Female	Male
Burkina Faso
Banked	15.4	12.4	18.2
Other formal	22.1	18.3	25.7
Informal	23.1	24.3	22.0
Excluded	39.4	45.1	34.1
Cameroon
Banked	11.5	8.2	15.0
Other formal	38.9	36.6	41.3
Informal	17.1	18.9	15.3
Excluded	32.5	36.4	28.5
Panel 2: Use of Mobile Money
Burkina Faso
Airtel Money (A)	27.1	21.8	32.0
Mobi Cash (B)	2.1	1.7	2.5
Mobile Money (A + B)	27.5	22.0	32.6
Cameroon
MTN mobile (A)	19.8	16.7	23.1
Orange (B)	26.9	22.6	31.4
Express (C)	7.7	6.5	8.9
Sahel (D)	0.1	0.1	0.1
Mobile Money (A)-(D)	37.6	32.5	42.9

Source: Computed from FinScope Surveys of Burkina Faso (2016) & Cameroon (2017).

Table 3. Probability of engaging in entrepreneurship, Burkina Faso.

	Coefficient estimates
Variable	All Entrepreneurs	Female	Male
Age	0.046***(0.008)	0.0295***(0.009)	0.067***(0.012)
Age squared	−0.001***(0.000)	−0.000***(0.000)	−0.001***(0.000)
Female	−0.086**(0.042)	–	–
Married	0.481(0.901)	0.089(0.129)	0.478(0.937)
Single	0.042(0.821)	−0.324(0.148)	0.439(0.831)
Divorced	0.647(0.931)	0.221(0.277)	0.429(0.785)
Primary	0.231***(0.059)	0.228***(0.093)	0.235***(0.075)
Secondary	−0.361***(0.071)	−0.279***(0.104)	−0.423***(0.098)
University	−1.539***(0.193)	−1.616***(0.415)	−1.517***(0.223)
Use of Mobile money	0.295***(0.049)	0.298***(0.076)	0.281***(0.064)
Urban	0.454***(0.056)	0.471***(0.079)	0.424***(0.079)
Constant	−0.254(0.0651)	−1.369***(0.234)	−0.0651(1.475)
LR chi-squared (p-value)	447.5***(0.000)	164.8***(0.000)	296.7***(0.000)
No of observations	5066	2436	2630

N.B. standard errors are reported in parentheses. ***, ** & *  = 1%, 5% and 10% of level of significance respectively.

Table 4. Probability of engaging in entrepreneurship, Cameroon.

	Coefficient estimates
Variable	All Entrepreneurs	Female	Male
Age	0.0.74***(0.006)	0.088***(0.008)	0.058***(0.009)
Age squared	−0.000***(0.000)	−0.001***(0.000)	−0.001***(0.000)
Female	−0.054(0.037)	–	–
Married	0.100(0.071)	0.041(0.085)	0.325*(0.173)
Single	0.126*(0.078)	0.064(0.095)	0.371**(0.179)
Divorced	0.388***(0.114)	0.461***(0.144)	0.462**(0.226)
Primary	0.091*(0.049)	0.075(0.066)	0.108(0.076)
Secondary	−0.035(0.052)	−0.028(0.072)	−0.027(0.077)
University	−0.573***(0.077)	−0.744***(0.123)	−0.472***(0.104)
Francophone	−0.110***(0.042)	−0.042(0.053)	−0.256***(0.077)
Use of Mobile money	0.262***(0.039)	0.211***(0.057)	0.310***(0.054)
Urban	0.399***(0.037)	0.408***(0.053)	0.391***(0.525)
Constant	−2.188***(0.144)	−2.438***(0.185)	−2.118***(0.255)
LR chi-squared (p-value)	570.7***(0.000)	319.1***(0.000)	262.9***(0.000)
No of observations	6826	3505	3321

N.B. standard errors are reported in parentheses. ***, ** & *  = 1%, 5% and 10% of level of significance respectively.

Burkina F., 2016. Finscope Consumer Survey in Burkina Faso 2016. Burkina Faso: Ministry of Economy, Finance and Development.

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Cameroon, 2017. Finscoep Consumer Survey in Cameroon 2017. Republic of Cameroon: National Institute of Statistics.

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