Young Female Entrepreneur strives to Transform Medical Sector

From the International Labour Organization (ILO). Re-published with permission by Iraq Business News.

Young female entrepreneur strives to transform the medical sector in the Kurdistan Region of Iraq

Twenty-five-year-old Nasreen Hassan has been working for years on a business idea that will help hospitals and medical centres in the Kurdistan Region of Iraq improve and maintain their medical equipment.

Having witnessed years of conflict, Nasreen says that she wants to do her part in saving and improving the lives of women, men and children, especially in light of the current worldwide pandemic. “The number of weapons and rockets outnumber medical equipment,” said Nasreen. “And I want to correct this.”

“Just think about what will make the world better, not only for you, but for everyone around you,” said Nasreen. “For me, I want to produce, install and provide maintenance for medical machinery locally. This will help create jobs for young people and open new opportunities for many.”

“But most importantly, it will save and improve lives.”

Unable to pursue a degree in medical engineering, the IT graduate recently joined the ILO’s Start Your Business (SYB) training programme in Iraq, aimed at giving her the knowledge and tools needed to set up her business.

Start Your Business is part of the wider Start and Improve Your Business (SIYB)  training package designed to respond to the progressive stages of business development. The training in Iraq aims to support young refugees, internally displaced people, and vulnerable host community members who are interested in setting up their own small businesses or improving existing ones.

Nasreen and 140 other potential entrepreneurs joined a six-day intensive training in Dohuk in July 2021, that centred on nine courses designed to enhance their readiness to start a business, prepare their business plan and evaluate its viability .

“The most beneficial part of the training was the business plan, even though I already had some knowledge on the subject, but not in such detail or depth,” said Nasreen. “From the first day of the training with the ILO, I have been working on my business plan, one step at a time. I have been revising it and adding new ideas on the way, because the more we moved forward with the training, the more our ideas expanded, reflecting the reality more and more.”

The training is part of efforts being implemented by the ILO under the “Partnership for improving prospects for forcibly displaced persons and host communities,” also known as PROSPECTS , a multi-agency programme supported by the Government of the Netherlands.

For the ILO one of the key areas of focus of PROSPECTS in Iraq is to support youth to transition from learning and skills development to decent work, through a range of wage employment and self-employment interventions, in collaboration with other PROSPECTS partners, including UNICEF.

This includes training trainers from different organizations  on ILO’s training package, including banks and microfinance institutions, trainers from UNICEF-supported youth centres, and local NGOs supporting Small and Medium Enterprises. It also involves referring youth (including Nasreen who recently received life skills training through ACTED at a UNICEF-supported youth centre) to the ILO for further support.

The programme will also link some of the trained youth with access to affordable financial services, to help them start up their businesses and establish a decent livelihood. This is part of an initiative implemented in partnership with the Central Bank of Iraq  that was launched in March 2021.

For Nasreen, there are many hurdles to overcome and training opportunities to pursue. Yet despite the long journey ahead, she is determined to see her business plan come to life.

“I need financial support and I need more training, which will help me reach a stage where I have the technical know-how on establishing my business, even if it takes twenty years,” said Nasreen. “I would like to say to other young people in my position that they should also pursue their goals; whether in terms of studying or employment. Don’t let anything get in your way.”

PROSPECTS is a strategic four-year global partnership that supports host communities and displaced populations in eight countries across East and North Africa and the Arab States and which also includes the International Finance Corporation (IFC), the World Bank (WB) and the United Nations High Commissioner for Refugees (UNHCR).

The post Young Female Entrepreneur strives to Transform Medical Sector first appeared on Iraq Business News.

COVID-19 hits Iraqi Labour Market, Enterprises

COVID-19 Dealt Heavy Blows to Iraqi Labour Market, Enterprises in 2020: IOM, FAO, ITC Study

In early April, Iraq surpassed 900,000 COVID-19 cases.

Necessary efforts to contain the spread of the virus throughout 2020 led to a reduction in economic activity; compounded by pre-existing economic challenges, drops in oil prices and the public health COVID-19 crisis, it is estimated that Iraq’s economy contracted by 9.5 per cent in 2020.

To measure losses and investigate how small- and medium-sized enterprises (SMEs) in Iraq are coping with the economic impact of COVID-19, the International Organization for Migration (IOM), the Food and Agriculture Organization (FAO), and the International Trade Center (ITC) conducted a panel study in 2020 on 893 SMEs representing 16 sectors in 15 governorates in Iraq.

The study focused on the food and agriculture sector in order to determine variance in outcomes and effects on these firms when compared to non-agricultural businesses. The primary data used in this study was collected using ITC’s COVID-19 corporate survey.

The new report Panel Study: Impact of COVID-19 on Small- and Medium-Sized Enterprises in Iraq showcases the main findings from three rounds of data collection, covering the effect of border closures and lockdowns on revenue, production, and employment; accessibility of resources or ability to sell products; and mechanisms adopted to cope with the crisis.

Almost all firms in the study reported a decline in production or sales between February 2020, the pre-COVID-19 period, and the end of the year. Firms suffered large losses in revenue early on (an average decline of 67% by June).

Although revenue partially recovered between July and October, it did not reach pre-pandemic levels (firms reported a revenue drop on average of 23% between February and November). SMEs also reported incurring new debt over the year due to the pandemic, primarily through informal means such as borrowing from friends and family.

The labour market also suffered due to COVID-19. On average the number of employees in SMEs reduced by 27 per cent between February and June. By August, employment numbers began to recover but remained below pre-pandemic levels by the end of 2020, with the number of male and female employees, including full- and part-time, decreasing on average by seven per cent between February and November.

Furthermore, the reduction in employment temporarily widened the gender gap in the labour market. In February, there was 1 woman for every 15 men working in the surveyed SMEs. The gap reached 1 woman for every 19 men by August, but then decreased to 1 for 13 in November 2020.

Over the course of the study period, the mechanisms SMEs adopted to cope with the financial difficulties of the pandemic changed. Initially, SMEs laid off employees. Later, requesting leniency in repaying financial responsibilities and increasing marketing efforts emerged as the dominant strategies. In June, more than half of SMEs’ reported being at risk of shutting down permanently (65%). By December, those reporting this risk reduced to less than a third (31%).

The same 893 SMEs were surveyed three times in 2020: 22 June to 7 July, 9 to 18 September, and 29 November to 15 December.

The study was funded by the U.S. Department of State’s Bureau of Population, Refugees, and Migration (PRM) and the European Union.

(Source: UN)

The post COVID-19 hits Iraqi Labour Market, Enterprises first appeared on Iraq Business News.

The Makerspaces Responding To Coronavirus in Iraq

By Fatimah Oleiwi, for Iraqi Innovators. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News.

People face many situations in life. Some are positive and bring us joy, whilst others carry challenges that make us realise things we did not before.

Some situations can be more difficult to accept than others. However, the perceived difficulty of any situation depends on that person’s personal experiences and outlook.

Though some may find quarantine to be extremely tough, others may be enjoying the time they have at home.

Coronavirus in Iraq and across the world has given us a collective experience that will make us rethink our approach to difficult situations and how we must adjust.

Click here to download the full report

(Source: Iraqi Innovators)