Sheilla Mamona
A study conducted by management consulting firm McKinsey & Company in December 2020 revealed that "Women view the workplace as fundamentally less fair and Black women face in greater challenges". For every 100 men promoted or hired into the manager level, 85 women are promoted or hired and 58 Black women are promoted or hired. Only 56% of Black women feel that they have equal opportunity for growth as their peers .
Now, that doesn’t quite explain why Black Women are not able to create their own rooms and set up their own tables. So let me break it down: there is a system deterring Black entrepreneurship from thriving, rooted in systemic racism. The Financial Times has reported that in the UK alone, there are no comprehensive figures on lending to black-owned businesses in the UK because “banks do not ask for ethnic background on application forms — but bankers acknowledge there is a problem with funding.