The Women’s Empowerment Lab highlights export opportunities in Africa and the United States

Against the backdrop of Women’s History Month in the United States, International Trade (ITC) together with Howard University, the US Embassy in Accra, and the US Department of State launched the Women’s Empowerment Lab on March 15.

The online event offers participating women entrepreneurs from Africa and the United States the tools they need to expand their export opportunities across Africa and into the United States. In particular, women acquire skills in utilizing the African Continental Free Trade Area (AfCFTA) and the African Growth and Opportunity Act (AGOA).

As part of the empowerment lab, the ITC organized two workshop sessions on inclusive trade by leveraging and exporting under the AfCFTA, combining online and offline learning for African exporters looking to increase intra-African trade.

During the event’s opening ceremony, ITC Executive Director Pamela Coke-Hamilton highlighted the need for more enabling policies for women and using intra-African trade as a tool to bring about this change.

“By mainstreaming gender policies, AfCFTA provides a gateway for women-led businesses to formalize their activities and enter the continental market. When we put women at the heart of African trade, it builds a more integrated market; it creates a continental value chain; it ensures decent work for women and young people,” said Coke-Hamilton.

An initiative of the US Department of State “Providing Opportunities for Women’s Economic Awakening” (POWER), the Women’s Empowerment Lab offers diplomatic resources to promote women in business while working with partners such as the ITC and Howard University to build professional networks and a business environment for women’s empowerment. economy.

Stephanie Sullivan, US Ambassador to Ghana said, “The US government stands ready to assist US and Ghanaian women-owned companies to take advantage of transatlantic and intra-African trade opportunities through initiatives such as Prosper Africa, the West African Trade and Investment Center, AGOA, among others.”

Ghana reaffirms its commitment to linking women-owned businesses to wider export opportunities. Hajia Alima Mahama, Ambassador of Ghana to the United States highlighted the key role of this intra-African trade initiative in providing enormous growth opportunities for women-owned businesses.

Ghana’s Response to COVID-19

After COVID-19, Ghana has worked to revitalize its economy by providing access to finance, digitization, training and tools for more than 500 businesses, 69% of which are women-owned. To increase the export potential of Ghanaian women entrepreneurs, initiatives such as the Women’s Empowerment Lab are key to addressing the challenges women face, through tailored training and mentoring.

Ghanaian women play a leading role in both the formal and informal sectors. They view continental and international trade opportunities as a way to formalize business and increase the foothold of women-owned businesses in the country’s economy.

Distributed by APO Group on behalf of the International Trade Centre.

This Press Release has been issued by APO. Content is not monitored by the Business Africa editorial team and is not content that has been vetted or validated by our editorial team, evidence readers or fact checkers. The publisher is fully responsible for the contents of this announcement.

The Women’s Empowerment Lab highlights export opportunities in Africa and the United States

Source link The Women’s Empowerment Lab highlights export opportunities in Africa and the United States

Back to top button