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Browsing: African Women
The African Continental Free Trade Area (AfCFTA) continues to hold much promise for the continent, in the second year of trading since its launch in January 2021.
AfCFTA is reshaping African markets; deepening economic integration in accordance with the Pan African Vision of ‘An integrated, Prosperous and Peaceful Africa,’ as enshrined in Agenda 2063. The agreement established a single continental market for goods and services, making for the largest and most ambitious trade bloc in the world, after the WTO. This has created a new market of 1.3 billion consumers across Africa, accounting for a combined GDP in excess of US$3.4 trillion in 55 countries.
According to the World Bank, AfCFTA has the potential to eradicate extreme poverty in the lives of 30 million Africans, and boost the incomes of 68 million of them, that live below the poverty line. Moreover, in the long term the continent is set to
Sahera Sumar is the epitome of what a global citizen represents. Having travelled to over 25 countries and delivered programs to diverse industries, sectors and cultures, Sumar has become a beacon of strength, knowledge and hope for women all over the world.
Equipped with her passion for capacity building and her expertise in leadership, talent and organisational development, Sumar is set to embark on her next big project.
Worldwide SHEroes will provide women around the world with a global network of mentors and leaders who will share their collective wisdom. The goal of the platform is to accelerate the journey of women into positions of leadership and influence while at the same time improving their economic equity …
The prosperous future of Africa will be the fruit of both men and women. In fact, at present women have the potential to make Africa great. According to the World Bank, it is the African women entrepreneurs who are leading in the world in terms of business ownership.
This means African women stand to transform the region’s economy and compete on the world stage.
Women in Africa are more likely than their male counterparts to engage in entrepreneurship activities. Besides, women in Africa compose nearly 58 per cent of the region’s self-employed population (Ideas4development 2020).
A 2020 World Bank report, Profiting from Parity, indicated that women entrepreneurs across Sub-Saharan Africa continue to garner lower profits than men (34 per cent less on average).
Nonetheless, there is more work to be done in enabling women access equal representation within political and economic opportunities which are crucial for sustainable development.
Despite Rwanda …
Kamala Harris, Joe Biden’s Choice for Vice President is the first black woman to be nominated for the national office by a major party.
Her victory could usher more Black women and people of colour into politics and this could inspire more African women to aim for bigger and more powerful positions even on the international organization’s front.
Just recently, Kenya’s Cabinet Secretary for Sports, Heritage and Culture Amina Mohamed was fronted as a candidate for the Post of Director General of the World Trade Organization. Ms Mohamed however did not get picked but two women, one from Nigeria and another from Korea are still in the running for the position.
Therefore, the 7th Director General will be either Ngozi Okonjo-Iweala of Nigeria or Yoo Myung-hee of the Republic of Korea.
Black women have been rising to power over the last decade, seeing quite a number …
African women are known as the pillars of the continent’s economic wellbeing due to their input in the agricultural sector.
According to the International Food Policy Research Institute (IFPRI), more than 60 per cent of all employed women in Africa south of the Sahara work in agriculture.
Continent-wide, there are approximately 249 million women keeping livestock which represents a major source of income and an opportunity for wealth accumulation.
Unlike owning property, purchasing land or managing other physical or financial assets, livestock is the only non-land asset women in most countries can own relatively easily. Culturally, women can acquire livestock through inheritance, before or during marriage and through farmer associations.
Even with the challenges confronting women in agriculture on the continent, there are a few trailblazers setting the pace in livestock production and value addition.
Africa’s majority poor have no means of income and those who do only have it for subsistence and not investments or any other economic empowerment endeavours.
With tech, life in Africa has become easier especially with fintech which is enabling the movement of cash resources even among the poorest.
Bitcoin, even though a foreign concept to many non-tech Africans, has been hailed as a solution for many of the continent’s challenges cutting across many sectors in addition to the financial one.
While it may be seen as a solution whose time is now to be implemented, it is not an easy ride.
In June 2019, the world’s biggest social media platform, Facebook, announced that it was getting into the cryptocurrency field to address transaction charges across the globe.
The tech giant’s founder, Mark Zuckerberg, said the social network giant was joining hands with 27 other organisations around the world to …
The report, dubbed Africa’s Pulse says that growth in Sub-Saharan Africa remained slow through 2019, hampered by persistent uncertainty in the global economy and the slow pace of domestic reforms.
“Overall growth in Sub-Saharan Africa is projected to rise to 2.6 percent in 2019 from 2.5 percent in 2018, which is 0.2 percentage points lower than the April forecast. This edition of Africa’s Pulse includes special sections on accelerating poverty reduction and promoting women’s empowerment,” a section of the study states adding that empowering women will help boost growth.
“African policy makers face an important choice: business as usual or deliberate steps toward a more inclusive economy,” said Hafez Ghanem, World Bank Vice President for Africa. “After several years of slower-than-expected growth, closing the opportunity gap for women by removing barriers to their economic …