May 20, 2014

Africa’s Economic Future Depends On Role Of Women

AfDB's strategy aims to tackle gender inequality through economic empowerment, improved legal and property rights and generating knowledge pertinent to gender equity.
AfDB’s strategy aims to tackle gender inequality through economic empowerment, improved legal and property rights and generating knowledge pertinent to gender equity.

Africa’s aspirations to become an economic power will require the key input of women across the continent, the African Development Bank’s Special Envoy on Gender, Geraldine Fraser-Moleketi has said.

Fraser made this proclamation on Monday at the ongoing AFDB annual meeting in the Rwandan capital, Kigali.

“The Africa we want gives room for greater innovation and stronger leadership to involve the full potential of men and women, young and old,” Fraser said.

AfDB’s strategy aims to tackle gender inequality through economic empowerment, improved legal and property rights and generating knowledge pertinent to gender equity.

The Special Envoy on Gender noted that the Bank’s agenda supports efforts to grow viable women-led businesses and MSMEs, and capitalise on the important role women have in managing natural resources and the environment.

She added that agenda 2063 of the African Union’s vision for the next 50 years, looks to ensure a continent that is integrated, peaceful and growing, but also where no one is left behind.

Fraser-Moleketi claims “the institution will look to strengthen the economic foundations that empower women and equip them with skills and knowledge so that they can take advantage of economic opportunities.”

The Annual Meetings are African Development Bank Group Board of Governors meeting. They are provided for in article 31 of the Agreement Establishing the financial institution.

The African Development Bank Group founded in 1964 is also celebrating its 50 years of existence this year.

The bank launched its golden jubilee celebrations on April 22 in Tunis in a colorful ceremony mingled with sober reflections on the Bank’s development journey and how to tackle Africa’s future challenges.

The annual meetings are aimed at assessing how far Africa has come and where it wants to be in the next 50 years.

On Monday, the group also launched the African Economic Outlook (AEO) Report 2014.

It is meant to share findings of this premier collaborative flagship publication by the AfDB, OECD Development Centre and the United Nations Development Programme (UNDP).

Prof Prof. Mthuli Ncube, Chief Economist & Vice-President, @AfDB_Group declared the African Economic outlook report 2014 launched.

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