11/30/2023 0 Comments Nano enterpriseThe webinar on “Female entrepreneurship in North Africa: the role of finance and digital skills” is being held on the occasion of the International Women's Day and in preparation for the 55th Conference of African Ministers of Finance, Planning and Economic Development of the Economic Commission for Africa ( COM2023) taking place in Addis Ababa (Ethiopia) on 15-21 March 2023 under the theme “Fostering recovery and transformation in Africa to reduce inequalities and vulnerabilities. How digitization is creating opportunities for female entrepreneurship and female access to financial markets What skills and funding types are best suited to foster the development of female entrepreneurship in North Africa How governments and stakeholders can help change cultural beliefs and norms that hinder female entrepreneurship This webinar will be an opportunity to shed light on:įinancing challenges female entrepreneurs are faced with in North Africa This is mainly caused by women entrepreneurs’ selecting themselves out of the credit market and relying instead on savings as their primary and often only source of capital. In countries like Algeria, Egypt, Libya and Tunisia this has led to female unemployment rates above 20 percent.Īt 18%, the gender gap for access to finance in North Africa is the largest in the world. This trend has worsened since 2019, with an increase in female unemployment as women’s paid labour and businesses were hit the hardest. The lack of female economic participation is not a new challenge in North Africa. Rabat, 3 March 2023 (ECA) - The ECA office for North Africa is organising, in partnership with the Association of Women Entrepreneurs of Morocco (AFEM) the webinar on “Female entrepreneurship in North Africa: the role of finance and digital skills,” Tuesday 7 March from 14:00 to 15:30 pm GMT+1.
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