AfDB-EMRC SME Forum Session 9 Nomsa Daniels
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AfDB-EMRC SME Forum Session 9 Nomsa Daniels

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    AfDB-EMRC SME Forum Session 9 Nomsa Daniels AfDB-EMRC SME Forum Session 9 Nomsa Daniels Presentation Transcript

    • NEW FACES NEW VOICES AfDB – EMRC SME FORUM 6-7 June 2011, Lisbon, Portugal “International Partnerships to Facilitate SME Growth”CONFIDENTIAL © NFNV 2011 1
    • Who we are? An pan-African network mobilized to promote change in the financial sector to harness women’s untapped economic potential. Our Relevance: Increasing women’s inclusiveness in the financial sector to fundamentally shift the business and financial landscape across Africa by having a positive socio-economic impact in meeting the developmental challenges of Africa.CONFIDENTIAL © NFNV 2011 2
    • Our Approach Is To Create More Effective Partnerships  - Identify strategic partners  - Leverage on existing programmes • - Amplify the voice of African women • * Produce tangible, measurable, achievable results.CONFIDENTIAL © NFNV 2011 3
    • Our Three Goals . Goal 1: Increase women’s access to finance Goal 3: Build the Goal 2: Fast-track capacity and skills of women’s leadership in African women the financial sectorCONFIDENTIAL © NFNV 2011 4
    • Our structure . Secretariat (South Africa) National Chapters Governing CouncilCONFIDENTIAL © NFNV 2011 5
    • OUR PARTNERSHIPS Key Strategic Partner THE AFRICAN DEVELOPMENT BANK & THE INTERNATIONAL LABOR ORGANISATION (ILO) Technical PartnerCONFIDENTIAL © NFNV 2011 6
    • THE AFRICAN DEVELOPMENT BANK PARTNERSHIP  Partnered with Women in Business Program  Jointly organized the first African Women’s Economic Summit  Current project: survey that looks at “Expanding Women Entrepreneurs Participation in and Support from Financial Markets in Africa”CONFIDENTIAL © NFNV 2011 7
    • THE INTERNATIONAL LABOR ORGANISATION (ILO) PARTNERSHIP  The FAMOS check (Female and Male Oriented Small Enterprises)  Zambia Case studyCONFIDENTIAL © NFNV 2011 8
    • Some findings In Kenya are SMEs needWomen own 43% 16-24.5 million women, they Women cashof all SMEs in women-owned own only 1% borrowers, in managementTanzania, 39% in formal and of land and general, are services,Uganda and 35% informal micro have only 7 % lower risk affordablein South Africa and small of access to money transfer businesses. services and formal credit trade financing products. CONFIDENTIAL © NFNV 2011 9
    • Constraints Faced by Women SMEs Lack of access to finance. In Tanzania only 8% of women-owned enterprises have received bankfinance compared to 30% of men. Lack of banking services: In Sub-Saharan Africa, there are 28 bank loans per 1,000 adults compared to245 in developing countries and the vast majority of these go to men. Legal regimes. In Swaziland, a woman cannot be party to a contract (such as opening a bank account ortaking out a loan) without the consent of her father or husband. Lack of education and business skills. CONFIDENTIAL © NFNV 2011 10
    • Working Through Our Country ChaptersPartnership with PROXIDEV in Senegal Partnership with Chamber of Commerce in Kano,(Inclusive Development for Women Nigeria to assist in meeting legislativeEntrepreneurs) and Union of Women requirements for women’s empowerment quotasEntrepreneurs to support Senegalese women in in employment, investment promotion and accessthe areas of economic empowerment and gender to finance. Also looking to establish a businessequality. The focus will be on capacity building development center for women who are interestedand extending women’s access to markets. in starting or expanding their businesses. Partnership with Women in Finance in South Africa which has 3,500 members and 21 corporate members. Emphasis on accelerating the development of growth-oriented businesses through training and mentorship. Also working with Businesswomen’s Association to increase women on boards.CONFIDENTIAL © NFNV 2011 11
    • Our Value Proposition... NFNV offers a viable partnership for the better development and dissemination of financial products and tools that are gender responsive Strengthened relationships Assist partners to better between public and private penetrate their existing markets sector institutions and whilst gaining access to organizations through better unexplored markets and program alignment and increasing their profitability coordination. The development of a Identify a talent-pool of women cumulative body of research who can serve in senior and best practices that management positions leading address the needs of women to the greater representation of entrepreneurs; women in the financial sector in Africa.CONFIDENTIAL © NFNV 2011 12
    • CONTACT DETAILS: Ms. Nomsa Daniels Executive Director c/o Graҫa Machel Trust 7 Eton Road Sandhurst, South Africa nomsad@srmholdings.com +27 83 285 8705CONFIDENTIAL © NFNV 2011 13