AmCham Uzbekistan along with the Ministry, on May 3rd, 2024 held a Business Breakfast “Investing in Women’s Entrepreneurship: Balancing Profitability and Social Responsibility” as part of the Tashkent International Investment Forum.
Key notes:
🔼The market size of unbanned women enpreneurship in Uzbekistan is USD 4 bln.
🔼With only 2% Uzbekistan lags behind comparing to world’s average 30% female funded IT Start-Ups.
🔼Of current loans, only 31% are women. And 71% perfomance of loans are women.
🔼Women are more responsible, multitasking, and hardworking, however lack:
Lack of hard skills ( financial and managerial skills)
Lack of soft skills ( delegation of tasks and often micromanagement).
Lack of leadership skills- strategy – where the business is going
According to EBRD study, development of hard and soft skills of women enterprenuers significtantly improve perfomance of their business.
Cultural and social norms. We are all victims of our traditions. Men cannot do anything if a woman doesn’t want to change. Educate our children properly in the family is important.
Many thanks to our panelists:
Sammar Essmat, Gender & Inclusion, IFC
Ruta Makareviciute, EY Partner
Svetlana Vyrypaeva, Managing Director, Central Asia HP Inc
Eleanor Kramers, Managing Partner, Montfort Eurasia
Spartak Tetrashvili, Chief Executive Officer, TBC Bank UZ
Tracy Quah,Silk Gate Pte Ltd, Singapore
AmCham Uzbekistan organized this policy dialogue jointly with the Ministry of Investment Industry and Trade of the Republic of Uzbekistan
We were pleased to welcome guests like, Abruev Jamshid, Deputy Director, National Agency of Social Protection under the President of the Republic of Uzbekistan, Rano Turdiboeva, Deputy minister, The Ministry of employment and labour relations of the Republic of Uzbekistan, and Mukarram Nurmatova, Deputy Chairman, The State Committee for family and women of the Republic of Uzbekistan.
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The event is supported by the USAID Future Growth Initiative.