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Nov
21

Supporting Women-run Social Enterprises: Helping Entrepreneurs to Help their Communities

Morocco show pic
Jacqueline Burge
Jennifer Mulli
Errtaj 2
Errtaj 4

When is a trade fair more than a trade fair?

In September, Trade + Impact held its first Summit in Morocco, bringing together women-run social enterprises, international buyers and potential investors. The Summit featured products from two key sectors: handicrafts and agribusiness for cosmetics. These sectors were chosen because they employ significant numbers of women, and additionally, have huge growth potential. Markets for each of the sectors are estimated at USD 30 billion, and global demand is growing.

Like many sectors, handicrafts and natural cosmetics face significant barriers to profitability and growth. Structural barriers, such as tariffs and taxes on inter-African trade, present challenges. Reliability of shipping and transportation cause delays in deliveries and increased costs. In addition, these sectors are very fragmented, with large numbers of small producers working in relative isolation. Access to materials is an ongoing challenge, particularly sustainable materials. Producers working in handicrafts and cosmetics face challenges in accessing financing, and very few of those attending the Summit had ever accessed a loan, outside of money borrowed from friends or family members.

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Apr
12

Announcing findings from YouthInvest

There are approximately 1.3 billion young people in the world between the ages of 15 and 24, and one in five live in Africa. This is the largest cohort of youth the world has ever seen. To be a force for positive change, these young people need opportunities that will help them thrive - access to training, education, jobs and financial services. And yet, youth are three times more likely to be unemployed than adults. They also are 33% less likely to have a bank account, and 40% less likely to have saved formally than adults. MEDA is supporting young people around the world with increased access to sustainable economic opportunities.
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