The Women Entrepreneurs Business Council (WEBC) has identified a significant shift of women moving from informal business ventures to formal enterprises, reflecting a positive change in the business landscape. Vera Chute, Chair of WEBC, emphasized this trend, particularly noting the growth within the micro-enterprise sector as more women establish their presence in the corporate world.
This development is particularly noteworthy considering previous findings from last year’s Women Invigorating the Nation (WIN) Convention, which indicated that only 19 percent of businesses are led by women, predominantly in the micro-business category. Chute reaffirmed the council’s commitment to fostering this progress, especially by engaging grassroots communities to ensure inclusivity for women embarking on their entrepreneurial paths.
Chute also pointed out targeted initiatives designed to close the entrepreneurial gap for women in rural and maritime areas, with capacity-building programs already in place in regions such as Vanualevu and Viti Levu. Her optimism shines through as she noted the tangible positive results arising from these initiatives.
The forthcoming WIN Convention, expected to attract over 100 women delegates from an array of sectors, will serve as a two-day platform aimed at capacity building, networking, and empowerment, held at the Grand Pacific Hotel. Sharyne Fong, Chair of the WIN Convention, highlighted the importance of this event, which will provide a vital opportunity for women to strengthen their roles in the business and financial sectors.
This encouraging environment signifies progress in women’s entrepreneurship, underscoring the necessity for ongoing support for female business leaders. The initiatives spearheaded by WEBC illustrate a supportive ecosystem that not only boosts women’s economic contributions but also benefits the broader economy.
Together, these advancements underline an increasing recognition of women’s essential role in fostering economic growth, sustainability, and community development. The momentum generated suggests a hopeful future for women in entrepreneurship, highlighting the impact of collaborative initiatives aimed at empowering women in the business sector.
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