Session provides We-Fi women entrepreneurs opportunities to network and hear from experienced leaders
Dubai, UAE; 17 February 2020: The second day of Women Entrepreneurs Finance Initiative (We-Fi), organised on the sidelines of the Global Women’s Forum Dubai (GWFD) 2020, featured an ‘Entrepreneur Breakfast’ that discussed ways to provide We-Fi women entrepreneurs with the opportunity to successfully grow their business.
Moderated by Danièle Henkel, President, Danièle Henkel Inc. and We-Fi Leadership Champion, Canada, the ‘Entrepreneur Breakfast’ featured a keynote address by Peter Bos, EY Global 7 Drivers of Growth Leader and Co-Founder of EY’s renowned ‘7 Drivers of Growth’ framework. He spoke at length about the concepts behind the ‘7 Drivers of Growth’ framework, and how women entrepreneurs should identify opportunities, and assess and mitigate risks.
Bos said that the ‘7 Drivers of Growth’ include people, technology, operations, customers, finance, transactions and risk. He explained that these ‘drivers’ can be used to develop strategic growth plans, challenge existing plans, drive accelerated and sustainable growth, reach full alignment and inspire by leading best practices. Balance across the ‘7 Drivers’ will help avoid growing pains, and thereby accelerate sustainable growth, he said.
Bos briefed the audience on what global entrepreneurs currently focus on, and
how they are fine-tuning the ‘7 Drivers’ to succeed in their business. He
advised attendees to think differently about their businesses and build action
plans to successfully execute their growth strategies.
The ‘Entrepreneur Breakfast’ also included a Q&A session, which covered a range of topics including the importance of having a diverse network; what challenges women may face, relative to men, in raising capital, and the best way to overcome these challenges.
Organised over two days, The We-Fi MENA Regional Summit brought together over 200 delegates, including high-level government representatives from MENA and We-Fi donor countries, leaders
from the multilateral development banks, their private and public-sector partners and 20 women entrepreneurs from emerging economies from around the region.
The Summit was aimed at spurring action to accelerate women entrepreneurship throughout the MENA region; showcasing programmes, institutions and research that help enhance policies and expand women entrepreneurs’ access to finance, markets, training and mentoring; and engaging women entrepreneurs to generate inspiring new ideas. The event featured sessions offering in-depth discussions, as well as learning and networking opportunities.
The second edition of the Global Women’s Forum Dubai 2020, organised by the Dubai Women Establishment under the theme ‘The Power of Influence’, highlighted dynamic women across governments and the business world, as well as their significant impact and valuable contributions across the global economy and society.
The GWFD focused on the importance of adopting policies and building partnerships that heighten women’s role and influence in four main focus areas: government, economy, society and future. Each of the four areas were addressed in extensive sessions led by local and global speakers and experts from various sectors.
Dubai Electricity and Water Authority (DEWA) was formed on 1 January, 1992, by a decree issued by the late Sheikh Maktoum bin Rashid Al Maktoum to merge Dubai Electricity Company and Dubai Water Department, which had been operating independently before then. Both organisations were established by the late Sheikh Rashid bin Saeed Al Maktoum in 1959. Dubai Government fully supported the Electricity Company and the Water Department to provide Dubai’s citizens and residents with a continuous and reliable supply of electricity and water. Since then, DEWA has made considerable achievements, to be ranked as one of the best utilities in the world. DEWA provides services today to more than 900,000 customers with a happiness rate that reached 95% in 2018.
The UAE, represented by Dubai Electricity and Water Authority (DEWA), has maintained its first global ranking, for the third consecutive year, with scores of 100% in all Getting Electricity indicators in the World Bank’s Doing Business 2020 report. The report measures the ease of doing business in 190 economies around the world. DEWA achieved competitive results in global benchmarking, surpassing the private sector and major European and American utilities in efficiency and reliability. DEWA raised the efficiency of its energy production by using the latest technologies and adopting technological innovations, surpassing European and American utilities, by reducing losses from electricity transmission and distribution networks to 3.3% compared to 6–7% in the US and Europe. DEWA also achieved the lowest customer minutes lost per year (CML) in the world of 2.39 CML compared to 15 minutes in Europe and was also able to reduce water network losses to 6.5% in 2018 compared to 15% in North America, which is one of the best results in the world.