loader

Entrepreneurship: 100 Cameroonians to Benefit from High-Level Capacity-Building Workshop

Organised by CONFEJES, participants will be drilled on financing mechanisms and funding requirements, amongst others.

T he Conference of Mi­ nisters of Youth and Sports of the Franco­ phonie (CONFEJES) will connect 100 Cameroonian women entrepreneurs with financial institutions, inves­ tors and business partners through a new initiative aimed at tackling financing and capacity constraints facing women-led businesses in agriculture and the digital economy. The en­ trepreneurs will be selected from Cameroon’s 10 regions to participate in the Women’s Agri-Digital Entrepreneurship Fair, scheduled for October 20-23 in Yaounde. In addition to the 100 Cameroonian en­ trepreneurs, 10 entrepreneurs from other CONFEJES member countries are also expected to take part, making a total of 110 participants. The initiative comes as ac­ cess to finance remains one of the main obstacles facing women-owned businesses. Citing African Development Bank estimates, CONFEJES says the financing gap for women-owned small and medium-sized enterprises in Africa exceeds FCFA 23,500 billion. CONFEJES Secreta­ ry-General Louisette-Renée Thobi Etame-Ndedi said af­ ter a recent press conference that financing difficulties are also linked to shortcomings in business training and men­ torship. “Today, vulnerable people have less and less access to financing. One of the main reasons young girls and women struggle to obtain funding is sometimes a lack of training. They are also not sufficiently mentored, which is why we want to create a chain of mentors for each of them,” she said. Under the program, selected entrepreneurs will receive capacity-building sup­ port, while some will benefit from longer-term mentoring. Financial institutions will also engage directly with participants to help them better unders­ tand financing mechani...

Partager cet article

Commentaires

    List is empty.

laisser un commentaire

Your special Cameroon Business Today issue in digital version

abonnement I subscribe

Download
app Cameroon Business Today

logo apps