MoU to aid women in business is signed

Jan 22nd at 08:30
22-01-2018 08:30:45+07:00

MoU to aid women in business is signed

The American Chamber of Commerce of Cambodia (AmCham) signed a memorandum of understanding (MoU) with the Cambodian Women’s Entrepreneurial Association (CWEA) on Thursday in an effort to lend further support to female entrepreneurs in the Kingdom.

Charles Esterhoy, president of AmCham, said that the new agreement between the two organisations aims to address the needs of small- and medium-d enterprises (SMEs) in order to develop these businesses’ capacities “regardless of which gender is the owner or operator”.

William Heidt, United States ambassador to Cambodia, said the new agreement would hopefully work toward reducing the many obstacles female entrepreneurs face upon entering the business world, including but not limited to a lack of role models, difficulties raising capital and challenges building widespread networks.

Ing Kantha Phavi, minister for women’s affairs, said that the MoU would help “provide a support system for mentorship and personal growth for women entrepreneurs” in Cambodia.

“This partnership will bring committed players together through a shared vision of empowerment, where men and women have equal access to the market,” she said.

CWEA is a private association dedicated to providing a representative platform for women in business. Its goal is to bring issues to the attention of the government and the media foster growth of business activities involving women, as well as to open up networking opportunities for businesswomen.

phnompenh post



NEWS SAME CATEGORY

Vietnamese-funded market on border begins construction

Construction began yesterday on a $2 million Vietnamese-funded market located in Tbong Khmum province’s Memot district, about 1 kilometre from the nearest border...

Unions and companies alike unhappy with draft changes to law on worker contracts

Both unionists and private sector representatives are unhappy with draft amendments to Cambodia’s Labour Law, which would overhaul the regulations surrounding...

Business Insider: How Codingate is helping Cambodian businesses with their technological needs

As technology use has proliferated among Cambodians, businesses have sometimes struggled to keep up. The Post’s Robin Spiess sat down with Sopheakmonkol Sok, CEO...

China signs 19 new deals with Cambodia

China has signed 19 fresh memorandums of understanding and other agreements with Cambodia, appearing to further cement the superpower’s support for the Kingdom in...

Agri-Techathon gives local startups exposure, much-needed funding

Imagine it: a solar-powered system farmers can install in their fields, outfitted with sensory components equipped to detect and deter most crop-eating birds by...

China deals swiftly signed

Cambodian and Chinese officials and business leaders yesterday signed 19 agreements during a visit to Phnom Penh by Chinese Premier Li Keqiang, boosting Chinese...

Chinese, local firms sign agricultural deals worth $526M

More than a dozen Chinese companies inked deals to purchase about $526 million worth of agricultural products from Cambodian firms on Monday. The 34 agreements...

ADB signs $180M in loans to Cambodia

The Asian Development Bank (ADB) yesterday signed a $180 million package of loans and grants to Cambodia that are meant to improve the country’s roads, water supply...

Employers required to pay more into NSSF for workers

A government policy that went into effect at the start of the year requires employers to pay more into their employees’ government-managed social security funds, a...

Business Insider: Rosy outlook for Cambodia’s SMEs

Te Taingpor, the president of the Federation of Association for Small and Medium Enterprises of Cambodia (Fasmec), sits down with The Post’s Cheng Sokhorng to...


MOST READ


Back To Top