Logo of Phnom Penh Post newspaper Phnom Penh Post - MoU to aid women in business is signed

MoU to aid women in business is signed

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-sized 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.

MOST VIEWED

  • NY sisters inspired by Khmer heritage

    Growing up in Brooklyn, New York, Cambodian-American sisters Edo and Eyen Chorm have always felt a deep affinity for their Cambodian heritage and roots. When the pair launched their own EdoEyen namesake jewellery brand in June, 2020, they leaned heavily into designs inspired by ancient Khmer

  • Omicron patients can stay home: PM

    Prime Minister Hun Sen has given the green light for anyone who contracts the SARS-CoV-2 Omicron mutation or any other variant to convalesce or receive treatment at home or in any other reasonable non-healthcare setting. The new decision supersedes a restriction on home care for

  • Cambodia records first Omicron community case

    The Ministry of Health on January 9 reported 30 new Covid-19 cases, 29 of which were imported and all were confirmed to be the Omicron variant. The ministry also reported 11 recoveries and no new deaths. Earlier on January 9, the ministry also announced that it had detected the Kingdom's

  • The effects of the USD interest rate hike on Cambodian economy

    Experts weigh in on the effect of a potential interest rate expansion by the US Federal Reserve on a highly dollarised Cambodia Anticipation of the US Federal Reserve’s interest rate hike in March is putting developing economies on edge, a recent blog post by

  • Cambodia’s first ever anime festival kicks off Jan 22 at capital’s F3 centre

    Phnom Penh's first ever Anime Festival will bring together fans, artists, shops and other local businesses with ties to the Japanese animation style for cosplay competitions, online games, pop-up shops and more on January 22, with Friends Futures Factory (F3) hosting. F3 is a project that

  • PM eyes Myanmar peace troika

    Prime Minister Hun Sen has suggested that ASEAN member states establish a tripartite committee or diplomatic troika consisting of representatives from Cambodia, Brunei and Indonesia that would be tasked with mediating a ceasefire in Myanmar. The premier also requested that Nippon Foundation chairman Yohei Sasakawa