Economic empowerment of women is essential to the growth of East Africa.The USAID East Africa Trade and Investment Hub (the USAID Hub) contributes to women’s self-reliance and economic empowerment by increasing their access to productive economic resources, namely: assets, credit, income and employment. The below brief outlines USAID Hub technical assistance and training to women in three areas: cross-border trade, firm-level support and access to finance. These three areas offer significant income generation opportunities for women and contribute to overall economic growth in East Africa.
The African Business Angels Network (ABAN) announced recently that a new angel investing network is set to launch in Tanzania in May, with a view to supporting to emergence and growth of a local angel investor community in the country. The new network will be the first community for angel investors in Tanzania. Disrupt Africa chatted to chief executive officer (CEO) of local financial management firm SSC Capital – which is spearheading the project – Salum Awadh on the plans for the Tanzania Angel Investors Network (TAIN). Read more. Source | Disrupt Africa
Regional countries should always consider gender in policy formulation and implementation, as well as in the negotiations of trade and other agreements because it is key to economic growth, Mukhisa Kituyi, UNCTAD Secretary General, has said.
Speaking during the launch of an online training course for COMESA countries on the “links between trade and gender” on Monday, Kituyi said mainstreaming gender would ensure equity and inclusion in the region’s development agenda.
The training would focus on the interactions between trade and gender and their links to the Common Market for East and Southern African (COMESA) countries’ inclusive development strategies, as well as the influence of trade integration on gender outcomes in different economic sectors among member countries. Read more. Source | New Times
East African Community (EAC) partner states will be legally obliged to collectively promote participation of women and men in regional trade and sustainable economic growth, while considering gender dimensions to personal safety in cross border trade once a new Bill is passed this month.
The East African Legislative Assembly (EALA) is sitting in Kampala, Uganda to, among others; consider the EAC Gender Equality and Development Bill, 2016, which makes provision for gender equality, protection and development in many aspects of the EAC’s integration agenda.
The draft seen by The New Times partly indicates that in the process of engendering trade, countries shall: support national and regional associations of women in business; address gender and non-tariff trade barriers; and ensure gender analysis in diagnostic trade integration studies and other trade impact assessments. Read more. Source | New Times
The Toolkit for Integrating Gender-based Violence Prevention and Response into Economic Growth and Trade Projects was prepared by Development and Training Services, Inc. (dTS) and is published by the United States Agency for International Development (USAID). It offers background and practical guidance to USAID staff on how to address gender-based violence (GBV) in economic growth and trade (hereafter “economic growth”) projects across the program cycle. The Toolkit covers four overarching themes: 1. How and why economic growth projects can play a critical role in addressing GBV 2. How GBV can affect and undermine the outcomes of economic growth projects 3. Different contexts to consider when integrating GBV prevention and response into economic growth projects 4. Practical ideas and strategies for integrating GBV prevention and response into economic growth projects.
Access and Opportunity: Gender and Trade in East Africa. This inaugural issue of Gender and Trade in East Africa reaffirms TMEA’s commitment to gender in regional trade and regional integration. In this first issue, we focus on the different faces of women in trade. We present some of the specific results of our work in the voices of the women themselves. Women like Hope Mpangare, CEO of the Speranza Group in Rwanda (page 24). Hope is a member of the TMEA funded Traidlinks programme, which supported the expansion of her business into the export of juice products.
The East African Gender Equality and Development Bill, 2016 sailed through the First Reading in the East African Legislative Assembly last week writes ELISHA MAYALLAH.
The object of the Bill is to make provision for gender equality, protection and development in the Community. According to the mover of the Bill, Hon Nancy Abisai, the Partner States undertake in Article 6(d) of the Treaty for the Establishment of the EAC not to discriminate against any person on grounds of gender as one of the cornerstones of good governance.
The Bill in addition spells out the principles of democracy, rule of law, accountability, social justice, equal opportunities as well as in the protection of human and people’s rights.
The Bill accepts that women and men’s contribution in the integration process is fundamental as are the obligations of Partner States to their commitments under the various instruments and Protocols. Read more. East African Business Week
East Africa Trade and Investment Hub Gender Strategy. The East African Community (EAC) was created to promote cooperation between member states in order to drive regional economic competitiveness, value added production, trade and investments.Women are present in the region’s trade and export space but there is still a gendered structure to the economy. Men dominate most high-growth sectors and women are missing from the higher end of value chains. Where women are present in high numbers it is often as laborers or unskilled workers and not in management or ownership positions. Where women-led firms are present, they often have difficulty growing beyond the SME level, hindering their ability to succeed in export markets and act as catalysts for drawing investment to the region. Lower access to resources in comparison to their male peers impacts women at all levels and sectors. Constraints around access to information, finances, and inputs are compounded with lower capacity and higher time demands associated with social expectations that women carry the majority of home care responsibilities.
According to the 2013 Society for International Development report, The Future of Inequality in East Africa, gains from EAC integration could be hampered by the growing inequality gap in the region.
Half of the population of the EAC, representing 71 million people, lives on $1.6 a day. There is evidence that women bear the brunt of poverty but their empowerment is a central precondition for poverty’s elimination. Read more. Source | East African
Chase Bank has received Sh2.5 billion to lend to women owned SMEs seeking to expand and grow their businesses. In partnership with International Finance Corporation (IFC) and the 10,000 women initiative by Goldman Sachs, Chase Bank received a credit line through the Women Entrepreneurs Opportunity Facility (WEOF) to disburse (25 million dollars) Sh2.5 billion s to Kenyan women entrepreneurs. To date, Chase Bank Kenya has already lent (10 million dollars) Sh1 billion to women-owned SMEs, most of which have been through collateral-free loans. Read more. Source | Standard Digital