From October 24 – 25, representatives from over 20 worldwide chapters of OWIT (Organization of Women in International Trade) will converge in Nairobi, Kenya for the 18th Annual OWIT Conference. The theme of the conference is “Bridging the Gap – Empowering Businesses to go Global”. The conference targets key influencers and actors who are instrumental in expanding the space for women enterprises in global markets and increasing the capacity of women entrepreneurs to participate in international trade. The USAID Hub will deliver presentations on how to access finance and how to go global with a focus on the African Growth and Opportunity Act (AGOA) opportunities.
One of the key constraints/challenges identified in the Kenya AGOA Strategy was the lack of AGOA awareness by companies, leading to under-utilization of AGOA benefits by both sellers and potential buyers. This event will provide the Hub with the opportunity to raise awareness of AGOA opportunities.
OWIT membership has identified some of the core constraints that make it difficult for women entrepreneurs to access new opportunities and markets through trade. The conference is structured to address four main challenges that hinder the up-scaling of women-owned enterprises in the global trading arena:
- Lack of access to credit
- Lack of access to trade-related information
- Limited capacity in terms of knowledge and skills
- Limited participation (and representation) in trade policy-related positions
The conference will provide suggestions and insights to address these challenges. Find out more here.