Bolaji Sofoluwe: From MBE to Global Impact in Empowerment and Sustainability
Bolaji Sofoluwe’s journey from receiving an MBE to making a lasting global impact is a testament to her unwavering commitment to empowerment and sustainability. As the Co-Founder and Managing Director of ETK Group Ltd, Bolaji has facilitated over £1 billion in trade and investment across 34 African countries, driving meaningful change in global business. With a focus on empowering women entrepreneurs and fostering sustainable growth, her work continues to break barriers, challenge norms, and create opportunities for future generations of leaders. In this exclusive feature, Bolaji shares her insights on the transformative power of collaboration, purpose-driven business, and the importance of representation in leadership.
Congratulations on receiving the MBE from King Charles III! Can you tell us about the moment you learnt about the award and what it means to you personally and professionally?
The moment I learnt about the MBE was surreal and humbling. It felt like a powerful affirmation of the journey I’ve been on; one filled with collaboration, resilience, and a shared vision with so many incredible individuals and organisations. Personally, it’s a celebration of the sacrifices, hard work, and unconditional support from my family and mentors. Professionally, it reinforces the importance of the work we do at ETK Group to promote and enable sustainable business growth and empower entrepreneurs, especially women. It’s a reminder that every effort to create change, no matter how small, can make a lasting impact.
As Co-Founder and Managing Director of ETK Group Ltd, you’ve facilitated trade and investment worth over £1 billion across 34 African countries. What are some of the most impactful projects you’ve worked on, and how have they shaped your vision for sustainable business growth?
One of the most impactful projects was a health tech initiative where we facilitated the entry of a US-based company into African markets, ensuring access to life-saving diagnostic services in underserved regions. Another was an agricultural project that connected UK expertise with African agribusinesses to boost productivity and sustainability. These projects shaped my vision by highlighting the critical role of collaboration in addressing global challenges. They’ve reinforced my commitment to building partnerships that prioritise both profit and purpose, ensuring that growth is inclusive and sustainable.
You’ve been a strong advocate for empowering female entrepreneurs. What are some of the common barriers women face in business, and how can we overcome these challenges to ensure more women succeed globally?
Women often face barriers such as limited access to funding, societal biases, and a lack of mentorship opportunities. To overcome these challenges, we need to champion inclusive financial systems that prioritise investment in women-led businesses. Education and training programs tailored to women’s unique needs are essential, as is creating strong networks for collaboration and support. Mentorship plays a critical role; as I’ve witnessed firsthand how women supporting women can create ripple effects of empowerment. By encouraging environments where women can thrive, we unlock enormous potential for innovation and economic growth.
As the Chair of BGEN International, what role does diversity and inclusion play in shaping the future of global business, and what initiatives have you been involved in to drive these values forward?
Diversity and inclusion are essential for innovation and resilience in today’s interconnected world. A diverse workforce brings varied perspectives, which leads to better problem-solving and decision-making. At BGEN International, we’ve championed initiatives to create equitable opportunities for underrepresented groups, from implementing mentorship programs to prioritising diverse hiring practices. One standout initiative is our focus on supporting women and young professionals in STEM fields, equipping them with the tools and networks to excel in a traditionally male-dominated industry.
International trade can often be a complex and daunting space for businesses. What advice would you give to companies looking to successfully navigate cross-border trade and build lasting international partnerships?
Understanding what areas to prioritise when navigating cross-border trade can be a daunting task, but for me, the key to navigating international trade is preparation. But what do you prepare? Understand the regulatory environment, cultural nuances, and market dynamics of the region you’re entering. Building strong relationships with local partners is crucial; they provide invaluable insights and help mitigate risks. Additionally, embedding sustainability and ethical practices into your operations builds trust and long-term success. Finally, don’t hesitate to seek expert advice. The right guidance can make the difference between a seamless market entry and costly missteps.
Having been recognised on The Powerlist, which highlights influential people of African heritage, what does this recognition mean to you in terms of encouraging future generations of leaders and entrepreneurs from similar backgrounds?
Being featured on The Powerlist is both an honour and a responsibility. When I see my name listed alongside the likes of Dean Forbes, Bernard Mensah, Afua Kyei, and Emma Grede I can’t help but think, wow! These are individuals whose work and impact I respect, and to be mentioned in the same breath as them is a reminder of how far I’ve come and reinforces the importance of paving the way for others. It’s a moment that reinforces my commitment to excellence. It’s a reminder of the importance of representation and the need to amplify the voices of leaders from diverse backgrounds. For me, it’s about creating a legacy where future generations can see themselves reflected in positions of influence. I want young people, especially those of African heritage, to know that their dreams are valid and achievable. This recognition strengthens my commitment to mentorship and advocacy for equity in leadership.
In your opinion, what are the key characteristics that define successful business leaders today, and how do these traits contribute to achieving long-term success in both local and international markets?
Successful leaders today are adaptable, purpose-driven, and inclusive. They combine strategic thinking with empathy, understanding the needs of their teams and the markets they serve. A global mindset is also critical because, more so than at any other time, leaders must navigate cultural and regulatory complexities with agility. These traits are crucial for building trust, inspiring innovation, and ensuring sustainable growth. Ultimately, leadership is about creating a shared vision, and inspiring and empowering others so that they join you on the journey to achieve it.
What are some of the most exciting trends or innovations you see in the future of business, particularly in the realms of sustainability, technology, and female entrepreneurship?
Sustainability is no longer optional; it’s a prerequisite. It’s a driving force behind business decisions. Innovations in green technology, renewable energy, and circular economies are transforming industries. Technology continues to level the playing field, with tools like AI and blockchain opening new opportunities for small businesses and entrepreneurs. Female entrepreneurship is also experiencing a renaissance, with more women entering tech and other high-growth sectors. These trends point to a future where purpose-driven, innovative businesses will thrive.
Finally, what are your aspirations for the next phase of your career and the future of ETK Group Ltd? Are there any upcoming projects or initiatives you’re particularly excited about?
The next phase of my career is focused on scaling impact. For ETK Group, this means deepening our commitment to creating sustainable trade partnerships and expanding into new markets. One upcoming initiative I’m particularly excited about involves leveraging technology to bridge the gap between SMEs in the UK and Africa, making cross-border trade more accessible and inclusive. I aspire to expand my mentorship programs, inspiring the next generation of leaders to create lasting, meaningful change.
