UNCTAD’s eTrade for Women advocate for Eastern Europe explains her journey to e-commerce success, discusses the impact of COVID-19 and encourages women to take a seat at the policymaking table.
Nina Angelovska, UNCTAD eTrade for Women Advocate
Nina Angelovska has always been a trailblazer. From the age of 21, she’s been shaking up North Macedonia’s digital economy with her startup-turned-mega company, Grouper.mk. Now she’s advocating for more seats for women at the e-commerce policymaking table.
Co-founder of the online shopping platform Grouper.mk, she’s also the president of North Macedonia’s eCommerce Association and the country’s former finance minister.
How did she become a force to be reckoned within the e-commerce space? UNCTAD explores five things to know about Ms. Angelovska that catapulted her to the top.
1. A small grant of $5,000 got Ms. Angelovska on her feet after she won the most innovative business plan award from the North Macedonian National Centre for Development of Innovation and Entrepreneurial Learning at just 21.
She started Grouper.mk with the money in 2011. She saw the potential in group buying at a time when e-commerce was non-existent in North Macedonia and blazed a trail in the new field. Grouper.mk is now recognized as the game-changer in the market. When starting up, Ms. Angelovska says they practically educated thousands of customers to make their first online transaction and encouraged hundreds of merchants to join the e-world for the first time.
2. The company she co-founded and led, Grouper.mk, is now 10 years old.
Her firm has grown from strength to strength. Today, it is much more than a group-buying website, it is a platform that connects 3,550 merchants from all sectors to over 250,000 buyers, contributing to growing the country’s digital ecosystem.
3. She was her country’s first-ever female finance minister.
“The private sector is where the magic happens, while the public sector provides the enabling environment to facilitate the magic,” Angelovska said. She’s been pushing for change both on the inside and outside these spaces. After she became North Macedonia’s first-ever female finance minister in 2019, she managed public finances amid the biggest global crisis the world has ever experienced – the coronavirus pandemic. She brought her digital acumen to the role and used it to help speed up COVID-19 support to North Macedonians. Her goal: induce positive change, speed up progression to a cashless society, digitalization and de-bureaucratize many processes.
4. Her big insight on her entrepreneurial journey.
“The key in life is to solve the problem you enjoy solving. Just keep wondering and never stop learning. This is what makes you unique and truly defines who you are,” she advises all would-be entrepreneurs.
5. On the powerful potential of women entrepreneurs.
Angelovska says the growth of our economies is at stake if we don’t include more women. “There is so much potential to be unlocked if we have more women entrepreneurs, in tech, in leadership positions and in policy. The countries that do this are the ones that will enjoy faster, more sustainable and definitely more inclusive growth,” she says. Ms. Angelovska takes her digital gender advocacy seriously, amplified by her role as UNCTAD eTrade for Women Advocate. In 2019 UNCTAD appointed her as one of seven women global advocates to advance the place of women in the digital economy. Working with the United Nations is both a great opportunity and a great responsibility to advance gender equality. In her role she’s inspiring and supporting other women entrepreneurs to harness the power of technology and the digital economy to change lives, and influence policy.
What does the future hold?
Ms. Angelovska’s journey is still in its early days, she believes. Her experience at the coalface of the COVID-19 crisis, both as finance minister and president of North Macedonia’s eCommerce Association, has given her new impetus to help people, governments and businesses go digital, especially developing nations.
“I will keep pushing for change and for digital transformation. I will keep striving to inspire and motivate as many women as I can because we really need to unlock the powerful synergy of women entrepreneurship and tech,” she said.
Listen to the latest UNCTAD Unpacks podcast with Ms. Angelovska