By Stephen N. Sonpon
MONROVIA, November 16 (LINA) – Commerce and Industry Minister Axel Addy has said 49 percent of Liberian women remain under-represented within the ranks of entrepreneurs and excluded from crucial economic activities.
Addy said most women in Liberian-owned businesses are found in less productive sectors and remain largely invisible in corporate and government supply chains.
Commerce Ministry Addy made the statement Tuesday at the official opening of the three-day 2016 National MSME Conference being held at the Monrovia City Hall under the theme: « Promoting Women Entrepreneurship for Economic Empowerment. »
According to the Commerce Minister, women are only in charge of one in five exporting companies globally and remain predominantly employed in the formal sector and occupy low-skill jobs in Liberia due to various obstacles raging from education, access to credit and lack of women’s network.
Addy indicated that in order to promote women entrepreneurship and create more women-owned businesses, the MSME Conference will provide ample room for discussion between stakeholders from the public and private sectors regarding the challenges that women face in running their own businesses.
« This year, I am particularly proud of the focus we place on Liberian women entrepreneurs, the cornerstone of the real economy, » he said.
The 2016 SBA Annual MSME Conference is the flagship platform of the Ministry of Commerce for promotion of Micro, Small and Medium-sized
This event brings together MSMEs, officials of government, multinationals, and partners from the international community and members of the private sector to discuss how to best develop the Liberian MSME sector.