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A post-COVID world: from a deep-steep to an optimistic recovery

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One in three startups in the region is founded or led by a woman, which is a much higher percentage than in Silicon Valley. How come, given these numbers, the proportion of female workforce in 13 out of 15 Arab countries remains among the lowest in the world? Sana Afouaiz, founder of Womenpreneur, outlines the steps needed to overcome these challenges.

Many entrepreneurs work in the corporate world for many years before making the decision to launch their own business. Mustafa Koita quit his job as vice president at Boeing, and started his own brand of organic long-life milk. We spoke with Koita about the challenges he faced, the impact of the Coronavirus on his business, and his journey to entrepreneurship.

In the UAE, SMEs represent more than 98% of the total number of companies operating in the country, contributing towards 52% of the non-oil GDP. Rafael Lemaitre, partner at consultancy SIA Partners, and Maria Garrido, manager of growth and innovation, took a closer look at some of the long-term trends impacting SMEs in the GCC region in a post-Covid-19 economy.

Wamda and Arabnet have joined efforts to conduct research for a report on the impact of COVID-19 on the startup ecosystem across Mena and will be launching the findings in an online event on Tuesday, May 18th.

The event will feature regional startup founders, and ecosystem stakeholders who will highlight some of the challenges and opportunities that are facing startups, and discuss ways to support the technology ecosystem during this ongoing pandemic. Register your interest to tune in to the session.

In case you missed it - here's our round-up from News Watch:

Swvl raises over $20 million in new funding round

Source Beauty raises pre-seed funding

CVentures invests in London-based Countingup

ISSF allocates $7.5 million to Jordanian startups

Telgani raises seed funding

Brimore raises $3.5 million in pre-Series A

Invygo raises $1 million in pre-Series A

Tunisian Parliment supports startups with €66.9 million loan agreement with IBRD

Shahry raises $650,000 in pre-seed

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A post-COVID world: from a deep-steep to an optimistic recovery

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