We start the Panel discussion with the Topic,
The Key to Global Growth: Empowering Women Entrepreneurs through Training and Technology
Moderated by Mrs. Cherie Blair with the panelists Sabetha Mwambenja – MD Covenant Bank for Women, Ory Okolloh – Director of Investments, Omidyar Network and Happiness Mchomvu, Women Entrepreneurship Development.
Compelling evidence shows that empowering women economically and fostering women’s entrepreneurship can further stability and growth across the globe. Globally, women own approximately 25 to 33 percent of all private businesses in the formal economy, but they generally do not own the means of production and win less than one percent of the business contract opportunities. Women invest up to 90 percent of their earnings on their families as compared to men who invest 30 to 40 percent of their earnings. Investing in women entrepreneurs is a strategic approach to building stronger communities, stable societies, and sustainable economies. In Africa, where it is predicted that seven of the world’s ten fastest growing economies will emerge over the next five years, financial inclusion is critical to fostering sustainable growth. The panel explores and spotlights ways that key stakeholders, including private, public and non-profit sectors are effectively applying technology to advance Africa’s development and improving lives of women through entrepreneurship. The panel emphasizes how digital advocacy, mobile technology, the collection of data, and internet connectivity are being used to increase access to: information and markets, global supply chains, increased financing for women-owned businesses, and developing skills and networks. This panel also shares stories of how First Ladies are advocating for women’s entrepreneurship.
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