African women should be empowered with technology to become financially secure and independent, South Africa’s leader tells G7

Although we are headquartered in Washington D.C. USA, our reporters and editors are working around the globe to cover what you care about. We invite you to donate to our fundraiser to help us keep our quality news free and available to all.  

African women should be given the tools they need to become financially secure and independent, South African President Cyril Ramaphosa reiterated on Wednesday.

“By giving women the tools to become financially secure and independent, we are investing in a society in which their rights to dignity, security and financial empowerment is secured.

“We must enable women to take advantage of technological advances to start their own businesses, to trade and to seek employment,” Mr. Ramaphosa said in remarks at the High Level virtual Panel G7 Partnership for African Women’s Financial Inclusion.

[read_more id="2" more="Read full article" less="Read less"]

Cyril Ramaphosa addresses 3rd Anniversary Memorial of the late Nelson Mandela on December 5, 2016, (Photo GCIS)
Cyril Ramaphosa addresses 3rd Anniversary Memorial of the late Nelson Mandela on December 5, 2016, (Photo GCIS)

The South African leader argued that the coronavirus pandemic has had a dramatic effect on economic activity on the continent and around the world and its impacts will be hardest felt by women, many of whom are employed in the informal sector.

Read his full remarks below

As South Africa and as Chair of the African Union we fully support the G7 Partnership for Women’s Digital Financial Inclusion in Africa. 

By giving women the tools to become financially secure and independent, we are investing in a society in which their rights to dignity, security and financial empowerment is secured.

We must enable women to take advantage of technological advances to start their own businesses, to trade and to seek employment. 

The coronavirus pandemic has had a dramatic effect on economic activity on the continent and around the world. Its impacts will be hardest felt by women, many of whom are employed in the informal sector.

Women must have greater access to affordable financial services. 

They must have access to working capital, credit lines, insurance and to digital tools such as mobile banking platforms. 

Governments must invest in the financial education of women and girls. 

In support of greater economic and financial inclusion, South Africa has made a commitment of 500,000 USD to the African Women Impact Fund, which seeks to empower women financial leaders. 

We have also announced that 40% of all public procurement will be reserved for women-owned businesses and are working with AU member states to develop similar policy guidelines across the continent.

We believe that a digitally-enabled economy – with a strong emphasis on gender equality – has the potential to be transformative, fair, sustainable and competitive. 

Africa continues to develop its ICT infrastructure to advance greater access to technology. 

Through digital platforms, a greater number of women will have access to funding and online banking, fulfilling a need that traditional banking services are unable to meet.

Unless women are brought into the mainstream of the economy they will continue to bear the brunt of exclusion and marginalisation and be vulnerable to abuse and exploitation.

A nation that empowers women is a strong and sustainable nation.

It is our wish that world leaders use this occasion to reaffirm their commitment to the Partnership for Women’s Digital Financial Inclusion in Africa. 

I thank you.

[/read_more]

Simon Ateba
Simon Ateba
Based in Washington, District of Columbia, United States of America, Simon leads a brilliant team of reporters, freelance journalists, analysts, researchers and contributors from around the world to run TODAY NEWS AFRICA as editor-in-chief. Simon Ateba's journalistic experience spans over 10 years and covers many beats, including business and investment, information technology, politics, diplomacy, human rights, science reporting and much more. Write him: simonateba@todaynewsafrica.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Trending Now

“I’m heartbroken”: Former Nigerian Vice President Atiku Abubakar releases video message as country slips into chaos

Former Nigerian Vice President Atiku Abubakar on Wednesday released a video message received by Today News Africa in Washington D.C. as...

Nigerian activists drag Buhari government to International Criminal Court for killing peaceful protesters

Nigeria's Socio-Economic Rights and Accountability Project (SERAP) has sent a petition to Mrs Fatou Bensouda, Prosecutor, International Criminal Court (ICC), urging...

Pope Francis endorses same-sex civil unions

Pope Francis has endorsed same-sex civil unions for the first time as Pope. The endorsement was released in an interviewed for...

Socialist Party of Nigeria condemns “carnage as Buhari’s military and police shoot and kill unarmed peaceful protesters”

The Socialist Party of Nigeria on Wednesday described what it called "carnage as Buhari's military and police shoot and kill unarmed...

Human Rights Watch: “Nigerian authorities turned a peaceful protest against police brutality into a shooting spree”

Nigerian authorities on Tuesday "turned a peaceful protest against police brutality into a shooting spree," Human Rights Watch said in a...

MOST POPULAR

Damning report finds detainees in Iran were sexually abused and given electric shocks in gruesome post-protest crackdown

Iran’s police, intelligence and security forces, and prison officials have committed, with the complicity of judges and prosecutors, a catalogue of...

Africa shocked U.S. under Trump has worst coronavirus response in the world

President Donald Trump has "failed in his basic duty to protect Americans", world's renowned journalist Bob Woodward told Fox News Sunday...

Ethiopia charges prominent opposition figure Jawar Mohammed with terrorism

As human rights organizations continue to warn that Prime Minister Abiy Ahmed is turning Ethiopia into a dictatorship, his administration on...

Ghana to reopen international air borders from September 1

Ghana will reopen its international air borders on September 1, six months after closing them in March to curb the spread...

Cybercriminals target South Africa, Kenya and Nigeria with millions of attacks in 2020, and the year is not over

South Africa, Kenya and Nigeria have already seen millions of cyberattacks in 2020 with three months to the end of the...

“I’m heartbroken”: Former Nigerian Vice President Atiku Abubakar releases video message as country slips into chaos

Former Nigerian Vice President Atiku Abubakar on Wednesday released a video message received by Today News Africa in Washington D.C. as Africa's most populous country seemed to be slipping into chaos.Abubakar, who ran against President Muhammadu Buhari in the last presidential election in 2015, said many families were in mourning after Tuesday's killings by Nigerian army.

[/read_more]

[read_more id="2" more="Read full article" less="Read less"]

Share
Tweet
Reddit
Share
WhatsApp