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  • Ernest Ogunleye

Happy UN entrepreneurs and micro-, small and medium-sized enterprises (MSMEs) Day!

June 27, 2024

"Multiple simultaneous shocks and crises have disturbed the global working environment for entrepreneurs and micro-, small and medium-sized enterprises (MSMEs). In addition, conflicts, commodity dependence, geopolitical tensions, and pandemics drive social and economic instability, making MSMEs extremely vulnerable to rising inflation and supply chain disruptions.

Among the most vulnerable, women- and youth-owned enterprises are often at risk of external shocks. This is when the percentage and overall number of business formations by women and youth are increasing worldwide. However, facing limited access to affordable finance, capacity-building support, partnership networks, and global markets, women and young entrepreneurs need help to overcome the numerous challenges that frequently stifle the growth of their businesses, confining many of them to informality or necessity entrepreneurship." United Nations

For more details, please follow the link below: UN website

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