More women own, launch and/or better manage micro, small, and medium enterprises (MSMEs) in different sectors
The focus is on supporting clusters of women entrepreneurs and on supporting women’s engagement in high-growth economic sectors of the Egyptian economy through a variety of interventions, including affirmative procurement and supply chain policies and actions, capacity development of women entrepreneurs, provision of tools of production, tailored financial and business development services in addition to global market linkages. This output will be implemented in partnership with the Micro, Small and Medium Enterprise Development Agency (MSMEDA), National Council for Women, Central Bank of Egypt, business accelerators and incubators and private sector companies.
More women own, launch and/or better manage micro, small, and medium enterprises (MSMEs) in different sectors
Complementary indicators are identified as those in the results framework that are not repeated verbatim in the results framework of another United Nations entity, but are related or provide different but complementary lenses or insights into the same issue, high-level result and/or area of complementary work, such as a Sustainable Development Goal target.
ComplementaryThe technical knowledge, skills and abilities of women entrepreneurs to access financial (inter alia credit, savings, mobile payments, insurance) and non-financial services, including technology, and to invest in economically viable projects is strengthened.
In addition to results reported by UN Women field offices (shown here), results achieved in countries and territories through the United Nations Trust Fund to End Violence against Women (UNTF) are included in a non-duplicative manner in the global reporting on this indicator (see the Our Global Results page).
Rural women are socially and economically empowered through their ownership and participation in local Savings Groups (SGs), collectively accessing financial services and digital inclusion, and women led clusters/enterprises are better integrated into existing value chains and markets which ensure their enhanced competitiveness as economic providers in their families and communities.
In addition to results reported by UN Women field offices (shown here), results achieved in countries and territories through the United Nations Trust Fund to End Violence against Women (UNTF) are included in a non-duplicative manner in the global reporting on this indicator (see the Our Global Results page).
More women own, launch and/or better manage micro, small, and medium enterprises (MSMEs) in different sectors
Through different UN Women Egypt programmes including Global Affairs Canada, Sida JP, and KOICA, 30 additional companies in Egypt signed the WEPs CEO Statement of Support that makes the total number of WEPs signatories increase by 50% too reach a total of 72 companies in 2022. This includes the Financial Regulartory Authority (FRA) which includes a pool of financial and insurance companies which is the first financial authority worldwide to adopt and promote the WEPs among its members. Results include supporting number of companies to review their policies, conduct their gender gap analysis, and develop their relative action plans. Currently, more focused support is tailored to provide companies with policies on harassment in the workplace and more HR tailored support and gender & marketing training based on the individual companies' action plan. In connection to this, UN Women through Sida Decent Work and KOICA funded programmes, supported companies to commit to the WEPs principles 1 and 4 to promote women on corporate boards and in leadership positions in addition to promoting a gender sensitive workplaces and availing equal training opportunities for women employees through the collaboration with the AUC where women employees had access to 50% scholarship to be trained on: Finance for non Financers, Advanced Management, Digital Marketing, Executive Leadership, Management for first time managers and Human Capital Certificate. In 2022, 74 women emloyees received trainings and some were promoted to senior management level, out of which around 35.15% are funded by their companies (most of which are WEPs signatories). This includes provision of board placement advocacy resulting in nominating 180 candidates to 36 EGX companies, additional 10 candidates to Archer Finance, and another 13 candidates to Beltone Financial Holding .Disclaimer and notes
References to Kosovo shall be understood to be in the context of United Nations Security Council resolution 1244 (1999).