10 women-run small and medium export businesses have won the MVX #BreakTheBiasinTrade Campaign. The list includes Blissomo Enterprise, Omonide Farms, Oklan Best, Yours Truly Enterprise, Toluwalashe Farms, Frijay Consult LTD, Grandma Foods, Shield of Women, Addy Foods, and Deluxe Flour.
To recognize International Women’s Month in March, MVX kicked off the #BreakTheBiasinTrade campaign to support 10 women-owned export businesses in Nigeria, Ghana, and South Africa. MVX partnered with the Borderless Trade Network, OWIT (Organisation of Women in International Trade), and NEPC (National Export Promoters Council).
Trade is linked to economic prosperity and has the potential to expand women’s role in the economy, reduce economic inequality, create financial empowerment for women and expand women’s access to skills and education.
According to the World Bank, trade can dramatically improve women’s lives, creating new jobs, enhancing consumer choice, and increasing women’s bargaining power in society.
However, the challenge is fewer women are trading. MVX, a tech-powered trade company that provides freight shipping services for both large corporations and SMEs noticed that since its inception, less than 5% of shipment requests on its platform come from women-owned businesses. Due to the fragmented, disorganized, and unpredictable nature of freight shipping in Africa, these businesses are less likely to export and participate in global trade.