COVID-19: AfDB’s Toda on why women should be prioritised in Africa’s recovery
As we re-imagine a post-Covid-19 world, women should be at the center of solutions as key drivers for economic resilience in Africa. That’s according to Atsuko Toda, Director of Agriculural Finance and Rural Development at the African Development Bank. Atsuko Toda also told CNBC Africa’s Kenneth Igbomor that the AfDB believes prioritising agro-industrialisation is critical.
Mon, 28 Jun 2021 11:51:30 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- Empowering women as key drivers of economic resilience in Africa post-COVID-19
- AfDB's gender strategy and initiatives like AFAWA focused on reducing gender inequality and empowering women
- Prioritizing agro-industrialization and supporting small and medium enterprises essential for Africa's recovery
As the world continues to grapple with the impacts of the COVID-19 pandemic, one key solution for Africa's economic resilience lies in empowering women. Atsuko Toda, Director of Agricultural Finance and Rural Development at the African Development Bank (AfDB), emphasized the importance of prioritizing women in the continent's recovery efforts. Research has shown that women reinvest up to 90 percent of their income into education, health, and nutrition for their families and communities, making them valuable assets for economic development. The AfDB's gender strategy and initiatives like the Affirmative Finance Action for Women in Africa (AFAWA) aim to reduce gender inequality and empower women across various sectors. By providing women with access to finance, markets, skills enhancement, and social services, the bank believes that women-led businesses can play a significant role in driving economic growth. Additionally, Toda highlighted the importance of agro-industrialization in Africa's recovery, emphasizing the need for better logistics, infrastructure, and policies to enhance the continent's food supply chains. With the African Continental Free Trade Area in place, regional integration can foster better production and processing for African markets. Prioritizing agro-industrialization and supporting small and medium enterprises, especially those led by women, can lead to a more sustainable and resilient post-COVID-19 economic landscape in Africa.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.
