AfDB Reiterates Support for Women’s Empowerment

Sunday 15th July 2012

GBA Newsletter

The African Development Bank (AfDB) Group has pledged its continued support for women empowerment in the continent. AfDB President Kaberuka regretted women’s low access to finance due to lack of collateral saying only 15 percent of women worldwide own land titles. “Outdated customary rights restrict women right to ownership of land titles” he said. According to him women can do more if they have access to finance noting that access to finance means dignity, security for family and future generation. AfDB will continue to improve the involvement of women in economic activities in Africa through its long term strategy, a new gender strategy and the African Guarantee Fund (AGF).The AfDB is co-sponsor and co-organiser of the summit along with New Faces New Voices, founded by Mozambique’s former first lady, Graca Machel.

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