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Senegal promotes African female entrepreneurs.

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Africa has the highest number of women entrepreneurs but they face more hurdles on the way to business success than their male counterparts.

Maty Ndiaye a Senegalese businesswoman founded Kaya, a shop in Dakar selling clothes, toys and products for children.

But the business stalled when she needed funding to grow and Ndiaye was forced to shut down her store due to lack of capital.

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Like many entrepreneurs on the continent, access to resources and opportunities are limited, and even more so for women.

“I wanted to borrow 5 million with a micro financing body and they asked me to bring the 5 million, to put it in an account as a guarantee and afterwards they would lend me 5 million. I found that outrageous. So it’s really hard when we want to develop our business and we need money to inject in the business, it’s really hard to get access to that type of financing,” she said.

However, a new networking initiative founded by French businesswoman, Aude De Thui is determined to change that.

Women In Africa (WIA) is an organisation that aims to support and fund businesses led or managed by African women.

The group recently held its first regional Summit in Dakar, bringing together over 180 women entrepreneurs from 15 different countries.

WIA recently held a Women’s Forum in Senegal, with specific focus on the challenges and solutions faced by African female entrepreneurs like Ndiaye.

“Women suffer today because they don’t get enough support, enough guardiance and they don’t have access to financing. And women forums are often about well-being or personal themes.

I participate in economic summits because I want to put women back in the economy and give them a voice because they inspire trust and also because the world needs to focus on Africa,” De Thui said.

Speakers and experts were also on hand to give master classes and share their business experiences, as well as putting women in touch with investors and helping them pitch their ideas.

“By participating in this forum it has allowed me to believe in myself more but in particular to believe in the woman that I can become, like these women leaders that I have met and with whom I took a lot of pleasure talking to and exchanging with,” said 17-year-old Fatou Khouleh Wade, who dreams of being a railroad engineer.

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The Backbone of Gambian Economy Requires Careful Monitoring – Experts

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Prospects of a growing GDP must be reflected in growth in exports, foreign direct investment and tourist arrivals. The financial year is almost coming to an end but not much has been said about the main export crop.



Earlier a press release was issued questioning the prospects of the farming season.
However, the government has not said much about the trade season. It is standard of good practice to announce the prices of crops before they are even sown to motivate farmers to aim to have bumper harvest.
Now farmers are still waiting to be assured that their crops will be bought at reasonable prices. It is therefore important to keep an eye on the trade season and tourist arrivals as pointers to growth or decline in GDP.

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China eliminates poverty in 85 counties

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China, on Wednesday, announced that another 85 counties have been officially taken off the country’s list of impoverished areas, marking further steps toward its goal of eradicating poverty by 2020.

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The announcement, made by the State Council Leading Group Office of Poverty Alleviation and Development, came on the fifth National Poverty Relief Day, which falls on October 17 every year.

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This is the largest number of counties to shake off poverty since China vowed in 2015 to win the battle against poverty.

It brings the total number of counties removed from the poverty list since then to 153.

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