Government yet to tap into women's potential: World Bank
21 November 2013, 17:47
Nairobi - Women can spur African country’s enormous potential for
trade with the global market and for more intensive trade among themselves if
they receive the necessary support from governments.
This is according to a new volume that the World Bank has
launched in Nairobi. “Women and Trade in Africa:
Realizing the Potential", demonstrates how women play a key role in trade in the
continent and will be essential to Africa’s success in exploiting its trade
According to World Bank officials, women make a major
contribution to trade in most local countries through their involvement in the
production of tradable goods as cross-border traders and as managers and owners
of firms involved in trade.
Marcelo Giugale, Director, Department of Economic Policy
and Poverty Reduction Programs, World Bank Africa Region, said Africa’s trade
potential is undermined by constraints that women faced.
“Removing the three main obstacles to regional trade
integration in Africa— misregulation, monopolies and corruption— would be
particularly beneficial for poor women, as they literally carry most of the
small-scale, cross-border commerce that happens within the Region. The
potential benefits are huge and obvious: better food security, faster job
creation, more poverty reduction, and less gender discrimination. This is a
win-win-win-win reform agenda that is ready for action,” Giugale said.
Paul Brenton, Editor of the volume and World Bank Africa
Trade Practice Leader, said the aim of this book was to make available new
analysis on the participation of women in trade in Africa to a wide audience.
“It highlights the key role that women will play in
achieving Africa’s potential in trade. In addition to raising the profile of
this public policy issue, we also hope that it will encourage more research and
analysis over a wider range of African countries and so extend the knowledge
base,” he said.
– CAJ News