Browsing: Women empowerment

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Women-led businesses can spur African growth 

Women in Business

March 8th marked the celebrations of International Women’s day under the theme 'choose to challenge'. As women across the world choose to challenge societal norms and the traditional disregard of women, African women are steering the growth of the continent as pivotal players.

A commonly shared African proverb says, ‘when you educate a boy, you train a man; if you educate a girl, you train a village.’ This proverb simply highlights the impact women have on the community when given a chance and a voice. In the economic history of the African community, women were sidelined and viewed as lesser than their male counterparts.…

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Promoting women will boost African economic growth, World Bank says

Africa

Promoting women will boost African economies growth, according to the latest edition by World Bank.

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 …