Empowering women, youths vital to Africa’s transformation agenda — UNECA



Empowering women, youths vital to Africa’s transformation agenda — UNECA

By Temitope Ponle The United Nations Economic Commission for Africa (UNECA) said empowering women and youth is vital for creating value and promoting economic growth in Africa. Lagos, in her presentation to the ongoing West Africa Business Forum under the theme: “Empowering Women and Youth to Drive Africa’s Transformation Agenda”. women and youth are important to Africa’s structural transformation agenda. Diop stressed that enabling African women and young people to advance their prospects for all and build more resilient economies, improve the quality of life of all their population. She added that an increased focus on women and youth would be a win-win strategy for the West African sub-region as it would generate real competitive returns for all over the long term. Diop noted that women and youth entrepreneurs’ contribution to Africa’s economic growth was around 13% of the continent’s gross domestic product. said. The sub-regional director of ECA urged African leaders to ensure training and access to digital technologies for women and young people. “Support job creation; support the leadership of women and youth; and the social networks of women and young entrepreneurs. “Create opportunities in the fields of technology, innovation, the private sector and ensure economic empowerment through education, training and peer learning. accelerate the financial inclusion of women by promoting the United Nations Sustainable Development Goals and the African Union’s Agenda 2063. estimates which had shown that the opportunities, through the African Continental Free Trade Area (AfCFTA), would result in total welfare gains of $ 16 to $ 24 billion in productive employment for women and youth. food, industry, energy and mining), which could increase in value by 15 to 25 percent, based on 2017 ECA estimates. AfCFTA implementation strategies will provide an appropriate framework for each country to integrate women and youth into these strategies and ensure that they are able to take advantage of the transformative potential of trade expansion under the AfCFTA, ”added Diop. She further noted that it was imperative to create business linkages and an enabling environment for the growth and sustainability of youth and women’s businesses, such as easy access to information, capital and markets. . There should be more adequate skills essential for youth and women to add value to West Africa’s huge resource endowments, she added.

Source: NAN

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