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    BREAKING NEWS
    East African Community Unveils Bioeconomic Strategy for the next Decade
    Africa Exchange Fair Trade Limited (AFEX) Expands Into Kenya, Target High Commodities Trading While Bolstering the Continent’s Food Security
    Ghana & Nigeria to Improve Cross-Border Trade
    Tanzania Seeks to Reach New Record Cashew Production by 2025
    Nestle Nigeria Capitalized Rural Women to enable Financial Capacity and boosting Standard of Living
    World Trade Organization published…Trade plays an Important facet in Access to Medical, Goods and Services
    African Development Bank Group President Calls for More Partnerships to Build Africa’s Social Infrastructure
    Ghana, Key Stakeholders: Sign a Renewable Energy Agreement Worth US$69.88 Million to Improve Access and Socio-Economic Development
    Africa Development Bank Approves $1.5 Billion Facility to Counter Food Crisis on the Continent
    Sh32 Billion of Phase 2 of Second Container Terminal of the Kenya Ports Authority at the Port of Mombasa is finished off and…commissioning in June of 2022

    …$450 Billion hovered to enhance potential growths according to the World Bank, and other partners, Women motivated to tap into the African Continental Free Trade Area

    Posted On 27 Nov 2021
    By : New Africa Business News, Staff Correspondent
    Comments: 18

    By Abdul Rahman Bangura–

    NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone – Bent on the African Continental Free Trade Area (AfCFTA) steadied to yield possible profits of up to $450 billion according to the World Bank, the International Trade Centre (ITC) and the Organization of Women in International Trade (OWIT) in Nairobi, in collaboration with OWIT Nigeria and OWIT Zimbabwe, are partnering to fund African
    women entrepreneurs to participate in intra–regional trade.

    Speaking during the Africa Women Trade Conference composed by the two organizations on November 25 and 26, Aissatou Diallo, ITC Senior Coordinator for the AfCFTA and Least Developed Countries, announced that, trade under the AfCFTA would navigate bigger increases in revenue for business women.

    Themed ‘Empowering Women in Intra–Africa Trade’ ,the conference enables women entrepreneurs to trade cross continentally, taking advantage of the AfCFTA’s tremendous potential for trade within the regional and continental markets. The conference further focuses on Africa’s investment opportunities while creating an opportunity for women entrepreneurs and business leaders to meet with investors.

    Supported by ITC’s One Trade Africa programme, the two–day hybrid event, with 200 participants on–site and 1,000 joining virtually, brings together traders, government agencies, financial institutions, investors, small businesses and local eco–system partners.

    Experts attending the conference say it is critical to establish what the AfCFTA means for women in terms of their participation in cross–border trade, value chains and public procurement from the onset. They also underscore women and youth are key stakeholders in continental economic development, as Africa’s informal sector accounts for 85% of the continent’s total economic activity; and while women account for 90% of the labour force in the informal sector, making up 70% of the continent’s informal traders.

    OWIT in Nairobi, Nigeria and Zimbabwe, are co–operating to fulfill as a strategic response in enhancing the capabilities of African women entrepreneurs at all levels across the continent. They will work together to empower women in developing new and innovative strategies to intelligence, including competitive intelligence to trade
    beyond their borders.

    During the event, Caroline Gathii, President of OWIT Nairobi, said, “we are honoured to partner with ITC through the One Trade Africa programme on the Africa Women Trade Conference which is the first of its kind in the region. The conference provides a platform for connections, collaborations, and exchange of ideas between Africa states.
    Together with ITC we will seek to explore avenues of increasing intra–African trade among women in the region.”

     

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    For New Africa Business News (NABN) Abdul Rahman Bangura Reports,  Africa Correspondent

    About the Author
    New Africa Business News Staff Correspondent
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    18 Comments

    1. Kim November 27, 2021 at 1:58 am Reply

      Women entrepreneurs to participate in intra regional trade, in Africa is very important. Thank you for the reports. Luanda in Kigali. KIM

      • New Africa Business News, Staff Correspondent November 27, 2021 at 2:23 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    2. Samuel November 27, 2021 at 2:01 am Reply

      The unlimited access to new Africa business news is wonderful. Love it. Thank you. Lagos in Nigeria. Samuel

      • New Africa Business News, Staff Correspondent November 27, 2021 at 2:22 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    3. Grace November 27, 2021 at 2:02 am Reply

      Trade opportunities within Africa is growing faster than anticipated. Accra in Ghana. Grace

      • New Africa Business News, Staff Correspondent November 27, 2021 at 2:22 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    4. David November 27, 2021 at 2:05 am Reply

      Our newly implemented free trade in Africa, could lift millions out of poverty. Cape town in South Africa. David

      • New Africa Business News, Staff Correspondent November 27, 2021 at 2:22 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    5. Dani November 27, 2021 at 2:08 am Reply

      Thank you for weekend newsletters. Fan of New Africa Business news. Thank you for the reports. Oslo, Norway. Dani

      • New Africa Business News, Staff Correspondent November 27, 2021 at 2:22 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    6. Joe November 27, 2021 at 2:11 am Reply

      AfCFTA’s is tremendous potential for trade within our regional and continental markets. Love it. Abuja in Nigeria. Joe

      • New Africa Business News, Staff Correspondent November 27, 2021 at 2:21 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    7. Felix November 27, 2021 at 2:14 am Reply

      Fan of trade and investment. And is happening all over our great Continent. Love Afrika. Bissau in Guinea Bissau. Felix

      • New Africa Business News, Staff Correspondent November 27, 2021 at 2:21 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    8. Kenny November 27, 2021 at 2:15 am Reply

      Thank you for your daily reports. Fan of Journalist Bangura. Thank you. Nairobi in Kenya. Kenny

      • New Africa Business News, Staff Correspondent November 27, 2021 at 2:21 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    9. Peter November 27, 2021 at 2:19 am Reply

      Together we can. Building of Africa has just begun. Thank to our youths. Africa We are not poor. God bless us with a lot. Thank you. Fan of this online newspaper. Juba in South Sudan

      • New Africa Business News, Staff Correspondent November 27, 2021 at 2:21 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

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