News & Events

  • Arundhati Bhattacharya becomes first woman to head SBI
    India:
    Arundhati Bhattacharya has been appointed the chairperson of India’s largest bank — the State Bank of India (SBI). She is the first woman to head SBI in it’s 207-year history. Ms Bhattacharya is the bank’s 24th chairperson and has a two and a half year term. Her appointment comes at a time when the government is all set to open the country’s first bank dedicated for women, Bhartiya Mahila Bank.

  • Women entrepreneurs are transforming developing world economies
    United States:
    Recent surveys and studies such as the Global Entrepreneurship Monitor survey, indicate that women entrepreneurs are emerging as a force to reckon with in the economies of the developing world. In countries like India and Turkey, where traditionally women were the primary care-givers, they are now increasingly the breadwinners as well. There are several factors that have led to this phenomena and one of them is the rise of microfinance. Women entrepreneurs, especially in the developing world are viewed as agents of change and growth.

  • Dell initiative urges women entrepreneurs to help other women
    Turkey:
    Dell has launched an initiative “Pay it Forward” that encourages women entrepreneurs to provide their time and financial support to other women. The aim of the initiative is to foster entrepreneurship in emerging markets and to create a ripple effect of women helping other women. Successful women entrepreneurs can play a crucial role in inspiring, mentoring and assisting other women entrepreneurs in their respective communities.

  • Lessons from Wal-Mart’s increased sourcing from women-owned businesses globally
    United States:
    As part of its Women’s Economic Empowerment Initiative, Wal-Mart plans to double its sourcing from women-owned businesses worldwide. The initiative is a series of commitments, first announced by CEO Mike Duke in September 2011, that also aims to provide retail training to 200,000 women internationally, disburse $100 million in grants for women entrepreneurs, launch a new e-commerce outlet on walmart.com featuring products created by female entrepreneurs, and push its own suppliers to include more women in their supply chain, among other goals.

  • New policy briefing urges increased attention to women entrepreneurs
    Europe:
    A new policy briefing “Training for Women Entrepreneurs – an Imperative for Growth and Jobs” asserts that women’s entrepreneurship needs urgent attention from governments and society as a whole. The impact of women entrepreneurs in society is pivotal and far-reaching and deserves support at the policy and implementation level. Practical suggestions to encourage female entrepreneurship are included in the policy.

  • New business network encourages women entrepreneurs in Nigeria
    Nigeria:
    Women Of West Africa In Entrepreneurship (WOWe) was launched on March 1, 2013 with the aim to meet the needs and aspirations of young educated African women who are driven to start a business but face significant challenges in competing with their male counterparts. The recently launched business network has garnered wide support from the female business community in Nigeria, connecting a landmark 10,000 members in just under 4 weeks.

  • Dell reveals results of its Gender Global Entrepreneurship and Development Index (GEDI)
    Istanbul, Turkey:
    Dell releases an annual Gender GEDI, which is a global entrepreneurship and development index that ranks countries with high potential female entrepreneurship on the basis of individual aspirations, business environments and entrepreneurial ecosystems. The index defines high potential entrepreneurs as innovative, market expanding and export oriented. The 2013 Gender GEDI, based on 30 indicators and across 17 countries, ranked US women at the top, followed by Australia and Germany for high potential female entrepreneurship.

  • USAID empowers women entrepreneurs in Sri Lanka
    Sri Lanka:
    Multi-ethnic women’s groups in Sri Lanka have plunged on a new entrepreneurial journey with the support of USAID since April 2013. USAID aims at providing livelihood opportunities for women and supporting community integration between Tamil and Muslim returnees from war-affected areas. USAID’s Office of Transition Initiatives provided training to 10 women’s groups on business plan development, networking skills, advocacy, society management, bookkeeping and financial management. Nine of the 10 women’s groups then submitted business plans, of which USAID funded three for start-up.

  • Ernst & Young Entrepreneurial Winning Women Program
    United States:
    Ernst and Young LLP is calling for applications and nominations from American and Canadian Entrepreneurs for its annual competition and executive leadership program “Entrepreneurial Winning Women Program 2013″. Through this program, a select group of high-potential women entrepreneurs, whose businesses show the potential to scale up, are identified and later assisted to be able to take their businesses to the next level.
    “The Entrepreneurial Winning Women program introduces participants to an influential network of entrepreneurs, corporate leaders, investors and advisors, as well as potential partners, strategic alliances, customers and suppliers who can help these women think bigger, scale their companies and become market leaders,” says Kerrie McPherson, Principal and North American Entrepreneurial Winning Women Executive Sponsor, Ernst & Young LLP.
    The last date for application is 28th June 2013

  • Vadodara “All Women” Marathon- Inspiring People
    Vadodara, India:
    Vadodara “All Women” Marathon organized to promote “Safe City” where 7,000 women dressed in pink t-shirts, covering 5.5kms passing through the remotest part of Vadodara City at 9.15 at night will be becoming a global annual affair. Inspired by the participation and success of “Vadodara Marathon” , Association of International Marathons and Races (AIMS) has decided to hold such marathons on regular basis all around the globe.

  • Women Entrepreneurs are leading job growth
    United States:
    Even as unemployment rate stagnates in the United States, women entrepreneurs are flourishing as compared to their male counterparts. By AMEX’s measure, over the past six years, the only businesses that have provided a net increase in employment are large, publicly traded corporations, and privately held majority women-owned firms. The rate of growth in the number of women-owned enterprises over the past 16 years is one and a half times the national average. As of 2013, it is estimated that there are more than 8.6 million women-owned businesses in the United States, generating nearly $1.3 trillion in revenues and employing 7.8 million people.

  • ‘SAY WE’ event empowers South Asian American women entrepreneurs
    San Francisco, United States:
    SAY WE is a New York based non-profit trade association, whose mission is to develop a global network for South Asian women entrepreneurs. South Asian American female entrepreneurs make up one of the fastest growing segments in the business banking market. The SAY WE event was the kick-off for a series of networking events-cum-financial education panels being held in cities across the United States this spring.

  • Jamaica first country in the Caribbean to welcome WEConnect International
    Jamaica:
    WEConnect International is a Washington- based non-profit organisation that links women business owners to global markets. Jamaica is the first country in the Caribbean to become a part of WEConnect. Guest speaker Sharon Ffolkes-Abrahams, Jamaican state minister in the Ministry of Industry, Investment and Commerce, praised the initiative. She also pledged her ministry’s support to the organisation.

  • Encourage & promote women entrepreneurs: First Lady Kaseba
    Zambia:
    Speaking at the joint commissioning of African Women Entrepreneurship Programme (AWEP) secretariat at Lusaks’s Show Grounds, the First Lady of Zambia, Dr Christine Kaseba has stressed that the barriers to the growth of women entrepreneurs in the country must be removed. She said that women entrepreneurs in the country are often ignored and underestimated and many of them have to struggle with low levels of financing. Dr Kaseba urged the Government to play a pivotal role in further investigating the gender barriers that cause exclusion of women from mainstream entrepreneurship.

  • NatWest Everywoman Award 2013
    UK:
    NatWest Bank along with Everywoman launched the NatWest Everywoman Awards in 2003 to celebrate the passion for business among women. These awards promote entrepreneurship among women by recognizing women led organizations at different stages of growth and development. Women can either nominate themselves or get nominated by others, without any entry fee. The final ceremony will be held on 4th December 2013.

  • Tanzanian women entrepreneurs assemble for business conference
    Tanzania:
    Vodacom Tanzania and CRDB Bank joins hands with Dare to Dream Foundation to host the fifth Economic Women Conference and Business Expo called the Vodacom Dare to Dream Women Expo and Conference, scheduled for the 11th May 2013. It is expected to have a gathering of around 250 women entrepreneurs and industry leaders to discuss mainly about global opportunities, business technology, marketing and finance.

  • Women Entrepreneur of the year award – Dr Gazalla Amin
    New Delhi, India:
    The Union Minister of States for HRD, Shashi Tharoor, awarded Dr. Gazalla Amin of Kashmir with the ‘Women Entrepreneur of the Year’ award at the India Today Women Summit 2013. Dr. Gazalla Amin, a doctor turned agricultural entrepreneur, cultivates medicinal and aromatic plants, which are then processed for extracts at her distillation plant and the produce is sold under the brand name ‘Pure Aroma’. Her company, Fasiam Agro, has a turnover upwards of one crore and sells aromatic oils to domestic and international markets.

  • UK’s First Woman Prime Minister, Margaret Thatcher passes away
    UK:
    The first female Prime Minister of UK, Margaret Thatcher, popularly known as The Iron Lady, passed away at the age of 87, after suffering a stroke. Born in a grocer’s family, she served as the Prime Minister of UK for three consecutive terms, the longest tenure by a British Prime Minister in the 20th century. People from the country and outside are mourning the demise of this great leader, who battled against communism. The Union Jack above No.10 Downing Street was lowered and she will be honored with a ceremonial funeral at London’s St. Paul’s Cathedral.

  • Gujarat Chief Minister, Narendra Modi, encourages women entrepreneurs from Gujarat
    Gujarat, India:
    The Chief Minister of Gujarat, Narendra Modi, spoke about inspirational women entrepreneurs from the state at the Federation of Indian Chambers of Commerce and Industry. Addressing these women as role models for having made a mark at both, state and national levels, Modi encouraged other women to identify their inherent potential and pursue entrepreneurship.

  • Proposal for 50% reservation for women in Cooperative Societies
    Bihar, India:
    Bihar Chief Minister Nitish Kumar has announced 50% reservation for women in Cooperative Societies and 35% reservation for Women in Police recruitment. This initiative furthers the cause of women empowerment in the state by giving control of around half of the primary agricultural credit societies to women.

  • Ernst & Young’s Entrepreneurial Winning Women program sets out for Canada this year
    USA:
    The Ernst & Young’s Entrepreneurial Winning Women program supports women entrepreneurs by providing them with resources and tools needed to scale up businesses and accelerate growth. This program, now in its sixth year in the US will be launched in Canada this year. Up to 12 women entrepreneurs, with businesses less than 10 years old and with at least USD 2 Million in revenue, will be selected by the company.

  • International Women’s Media Foundation awards grants to three women in the News Media
    USA:
    The International Women’s Media Foundation (IWMF) has awarded three $20,000 grants to entrepreneurial women journalists, proposing to use digital media in innovative ways to deliver the news. The IWMF’s Women Entrepreneurs in the Digital News Frontier grants program diversifies the digital news media landscape by expanding the voice and role of women entrepreneurs.

  • Recommendation to start micro financing system to boost women entrepreneurs in Philippines
    Philippines:
    Speaking at the Confederation of Asia Pacific Chambers of Commerce and Industry conference, the founder and national president of Aral Party-list, Ma, Socorro Malitao, raised the current requirement of strong and solid micro-finance policies and friendlier financing institutions to support the increasing number of women entrepreneurs in Philippines. With 51% entrepreneurs in Philippines being women, Malitao also said, “Women today are more willing to take up activities that were once considered the territory of men, and have proved that they are second to no one with respect to their contributions to the growth of the economy”.

  • Seattle ranked as the second best city for women entrepreneurs in the US
    Seattle, USA:
    According to a recent study by personal finance site Nerd wallet, Seattle is placed just after San Francisco as the finest place for women entrepreneurs. Seattle is one of the most highly educated cities. With 12.5 businesses per 100 residents, the city is highly entrepreneurial, and women own around four of those businesses.

  • Ontario government helps low income women grow their own businesses
    Ontario, Canada:
    In a program initiated by the Ontario government, microlending for women will help over 800 low-income women build and expand their own businesses. This program will provide funding to six not-for-profits organizations, which will support and offer financial literacy training, entrepreneurial mentoring, skills development and life skills support, to low income women who are seeking to start their own businesses. Successful women who are ready to roll out their businesses will be entitled to receive small/micro loans to get started.

  • India’s first ever All Women Bank by October 2013
    Delhi, India:
    Indian Finance Minister P. Chidambaram states, in the Union Budget 2013-2014, Indian Government’s decision to invest an initial amount of Rs. 1000 crores to set up India’s first all women public sector bank. This will encourage women empowerment by funding women entrepreneurs & business owners and those employing mainly women employees. A step by the government to answer gender related issues.

  • European Commission launches a network of mentors to assist women entrepreneurs in getting started
    Europe:
    A network of successful businesswomen has been launched, in 17 European countries, to assist and mentor women entrepreneurs in their early years of business. The initiative, to promote entrepreneurship among women in these countries, is directed towards economic growth by women empowerment and creation of new jobs.