According to the recently released Global Entrepreneurship Index 2018, which measures the health of the entrepreneurship ecosystems in each of the 137 countries it studies – Tunisia is ranked 1st in Africa, in terms of the quality of the entrepreneurial environment. This index is based on the analysis of 14 areas considered as key in the quality of the entrepreneurial environment.
The North African country owes its overall score (42.4 / 100) to the availability of private and public capital (venture capital) which is credited with a score of 70/100.
The ability to develop new products and to integrate new technologies is also a major asset for the land of Jasmine. The Global Entrepreneurship Index 2018 reports that, the quality of human capital both in business and STEM (science, technology, engineering and mathematics) in Tunisia exceeds the average of 50/100.
However, reveals the document, Tunisian entrepreneurs have a strong risk aversion. This lack of risk is mainly fueled by political instability. In the box of counter-performance factors that undermine the quality of the entrepreneurial initiative in Tunisia, competitiveness and the ability of the private sector to compete with the international market, hold a preponderant place.
In the Global ranking, Tunisia is 40th, followed by Botswana (52nd with 34.9 out of 100), the second in Africa’s ranking.
See the Top Ten (10) Africa Ranking for the global entrepreneurship index, according to the quality of the entrepreneurial environment.
- Tunisia (42.4 out of 100)
- Botswana (34.9 out of 100)
- South Africa (32.9 out of 100)
- Namibia (31.1 out of 100)
- Morocco (29.2 out of 100)
- Egypt (25.9 out of 100)
- Algeria (24.7 out of 100)
- Rwanda (21.5 out of 100)
- Ghana (21 out of 100)
- Nigeria (19.7 out of 100)
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Womenpreneur Digital Hub to Promote Digital Skills & More for MENA Women
The Entrepreneurship Academy of the SANAD Fund for MSME and Womenpreneur Initiative have once again teamed up to champion women’s economic equality in the Middle East and North Africa (MENA). In March 2021, the partners launched the Womenpreneur Digital Hub, an online knowledge and resource-sharing platform that aims to expand women’s access to skills-building tools in a time when lockdowns and economic contraction have disproportionately impacted female employment in the region.
The coronavirus crisis has forced many women out of the workplace through a constellation of factors: Economically, it has taken a particularly heavy toll on sectors where women are overrepresented, such as retail, care, and food service. School and daycare closures have added further pressure, with many households placing the responsibility for at-home schooling and childcare solely upon women. As a result, although women in MENA comprise only a quarter of the region’s total workforce, they account for over half of COVID-related job losses.
The Womenpreneur Digital Hub aims to help women regain their economic footing through a three-fold approach. First, online training will be offered free of charge for hub members to hone skills that empower them on the job market, such as financial knowledge, digital literacy, and business management. High-profile speakers will provide insights into current industry trends and tips on accessing career opportunities. Second, the hub will connect users for mutual information and support, experience exchange, and valuable network-building. In this way, the platform intends to accelerate the third factor, which is to open up potential employment paths for those whose careers have been upended by the crisis.
Ines Ebrecht, Chairperson of the SANAD Technical Assistance Facility which runs the SANAD Entrepreneurship Academy, said: “Women’s employment is not only a social justice issue, it is also an economic one. Women’s ability to participate in the workforce not only provides them with financial stability and freedom on an individual level, it also enables an economy to fully open the tap on creativity, entrepreneurship, productivity, and income generation. The SANAD Entrepreneurship Academy is glad to once again join with Womenpreneur Initiative to advance gender parity as a key to prosperity in the Middle East and North Africa.”
Womenpreneur CEO and founder Sana Afouaiz said: “The pandemic provoked a major setback in gender equality and threatens to walk back decades of progress. Yet we can also pivot to grasp the opportunities. As the world entered into lockdown, the transition to online work has created a growing demand for digital jobs. The Womenpreneur Digital Hub is targeted toward equipping women to future-proof their skills and give them valuable knowledge for the employment market. Our aim is to ensure that every woman and girl in MENA has access to the tools that will help her realize her full economic potential.”
Sign up for the hub at: www.womenpreneur-digital.com
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