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Women in tech drive change in the Middle East

Please watch Women Entrepreneurship to Reshape the Economy through Innovation in MENA, at the European Development Days live on Tuesday October 16 at 11:00 AM cet

Across the developing world, women business owners are far more prevalent at the informal and micro-scale than growth oriented small and medium sized enterprises.  Women still face an uneven playing field in education, employment, earnings, and decision-making power.Women tech entrepreneurs have the potential to change the face of the MENA economy. (Credit: moderntime, Flickr Creative Commons)

The Middle East and Northern African (MENA) region faces its own particular set of challenges.  In the aftermath of the Arab Spring, the development of strong economies and opportunities for both men and women to pursue a livelihood without barriers is integral to the future of the region.  There is an enormous enterprise and job creation agenda to be fulfilled in the Middle East. A recent study by the OECD notes that today, only 27% of women in the region join the labor force, compared to 51% in other low, middle and high-income economies, and only 11% are self-employed, against 22% of men.

Closing the Gap for Women in Business

Caroline Anstey's picture

Read this post in Español, Français, 中文

 

woman in businessA woman works in a small shop in Ghana.
Photo by Arne Hoel

What will it take for the world to wake up and realize the advantages of supporting women entrepreneurs in the developing world?

If that sounds like an odd question to be asking in the 21st century, just consider some facts. We know that globally women make up almost half the world’s workforce. And we know that in developing economies, 30-40% of entrepreneurs running small or medium sized businesses are women.

But here’s something you may not know – at least 9 out of 10 women-owned businesses have no access to loans. So, just imagine the frustration of a woman in a developing country, who has started a small business, is attracting a good clientele, has a business plan to grow her business, but can’t get a loan to expand. That's not an isolated story. It’s a frustration shared by many women in the developing world. And the frustration of those women sounds echoingly similar to the frustration still lingering in the voices of older women from rich countries, telling how some three decades ago they were refused bank home loans, despite having a guaranteed income.

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Weekly Wire: the Global Forum

Kalliope Kokolis's picture

These are some of the views and reports relevant to our readers that caught our attention this week.

CNN
How 'Afropreneurs' will shape Africa's future

“His full name is Idris Ayodeji Bello, but you might just call him "Afropreneur."

That's the buzzword adopted by the young Nigerian to describe the bright, independent and tech savvy entrepreneurs using creative thinking and the power of innovation to take over Africa's economic destiny.


"Over time Africa has relied on government and big multinationals for solutions -- but they're not coming," explains Bello.”  READ MORE

Weekly Wire: the Global Forum

Kalliope Kokolis's picture

These are some of the views and reports relevant to our readers that caught our attention this week.

Stories
Interactive: Mapping the World's Friendships

“Technology bridges distance and borders. Individuals today can keep in touch with their friends and family in completely new ways — regardless of where they live. We explored these international connections through Facebook and found some trends — some predictable, some wholly unexpected, and some still inexplicable.

Who can explain the strong link between the Democratic Republic of Congo, one of the poorest countries in the heart of Africa, and Ecuador? The reason the Central African Republic might be good friends with Kazakhstan is likewise mysterious to us.”  READ MORE

Weekly Wire: the Global Forum

Kalliope Kokolis's picture

These are some of the views and reports relevant to our readers that caught our attention this week.

Nieman Journalism Lab
Deutsche Welle’s trying to use Africa’s mobile-phone boom to spread news by new means

“As the fastest-growing mobile market on the planet, Africa is facing huge opportunities — and distinct challenges — in news dissemination.

By the end of the year, it’s estimated that more than three-quarters of the population will be cell phone subscribers, including in places where literacy rates are low and electricity is unavailable. To better serve that demographic, German media giant Deutsche Welle is using over-the-phone voice technology to deliver news.

No Internet access necessary: Just dial a number to access the program Learning by Ear, an educational show for teenagers that mixes news and explainers having to do with health, politics, the economy, the environment, and social issues.”  READ MORE

One Woman's Return from the Diaspora

Richard Cambridge's picture

I met Roselynd Laubhouet in 2004 when, as a recent graduate, she accepted an assignment as a Junior Professional Associate with the World Bank's Africa Region in Washington, D.C.  From day one, it was evident that Roselynd was special. Being an entrepreneur at heart, she was filled with dreams, aspirations, and a passion for her home country of Senegal (and her continent) that set her apart. 

When Roselynd and I reconnected in Abidjan last December, eight years after our first meeting, I was pleasantly surprised to learn that not only had she moved home to Senegal, but she had also started a successful international business. The journey from bureaucrat to entrepreneur was not easy, but it was clear that--having returned home--Roselynd was realizing her dreams.

I was curious to learn the secrets of her success, to understand the challenges facing returnees, and gather any advice for other Africans in the Diaspora considering a return.  Roselynd was kind enough to share her experiences with me in the hopes that other young women in the Diaspora might be inspired to follow in her footsteps.

Working together on adaptation-based mitigation

Rachel Kyte's picture

Over the weekend the business community held its meetings coinciding with CoP17.

In Copenhagen, the business community, especially in Europe, had mobilized for a deal and arrived in force. Even the financial and investor communities turned up. But then the negotiation process came unraveled and some blamed the business community for not mobilizing enough.

In Cancun, having licked its wounds and learned lessons, the business community adopted the classic entrepreneurial behavior of “don’t ask permission, just apologize afterwards” i.e. don’t wait for a deal- if it makes business sense go ahead.

There, the focus was on action on the ground, strategies, and innovations for firms across the world.

In Durban, things have moved on yet again – here, there is a greater focus on adaptation and, while the stories of success are powerful, there was a call for action again - for the public sector to set the conditions necessary to move ahead at speed and scale.

Fifty Million Twelve-Year-Old Solutions

Naniette Coleman's picture

“We have a situation on our hands and the clock is ticking. We have fifty million twelve-year-old girls in poverty,” the opening video proclaimed. The solution is simple and profound, the Girl Effect, “an effect that starts with a 12-year-old girl and impacts the world.” Despite the catchy rhyme, I was skeptical. Can you blame me? It seems that we women have been getting the shaft since that damn snake in Eden. 

The list of superwomen who addressed the over capacity crowd at the “Adolescent Girls Initiative (AGI): An Alliance for Economic Empowerment” event on October 6th read like the World Bank, White House, Hollywood, Philanthropy, Business and the Catwalk list of Who’s Who. The crowd craned their necks from the hallway to catch a glimpse of World Bank Managing Director Ngozi Okonjo-Iweala and World Bank Director of Gender and Development Mayra Buvinic; White House Senior Advisor, Valerie Jarrett; Actor, Anne Hathaway; President of the Nike Foundation, Maria Eitel, and Supermodel Christy Turlington

Is SKS Any Different from Wal-Mart, and Does it Matter if It Isn’t?

Malcolm Harper's picture

This post is the second in a special blog series on the Microfinance Institution, SKS and it's IPO launch in partnership with CGAP. Over the coming weeks we’ll be featuring a variety of voices on the issues raised by the IPO. We welcome your participation in this discussion through comments.

This is the first time that I have knowingly contributed to a ‘blog’; hence I am not familiar with medium’s etiquette.  Am I to oppose, to concur, or to add? I’ll try to do all three.

Steve Rasmussen poses a number of important questions; they are mostly about the future, and about clients, which is surely where our focus should be.

I shall not comment on the rights or wrongs, legal or ethical, of the ways in which the shareholdings of the SKS clients’ Mutual Benefit Trusts were handled; Professor Sriram has already covered that issue, very well. 


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