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KENYA TO HOST AFRICAN WOMEN'S ECONOMIC SUMMIT
07/03/2010
By Claire Wanja

NAIROBI, March 4 (NNN-KBC) -- The African Women's Economic Summit 2010 will be held in Nairobi on March 19 and 20 with the theme "Investing differently in Women" in partnership with the Central Bank of Kenya and the Central Bank's Governor, Professor Njuguna Ndung'u.

The high-level event will bring together some 100 African and global leaders in the financial and political sectors, policy-makers, regulators, commercial banks, and prominent women entrepreneurs to formulate actionable and measurable interventions to shape the financial system to enable women to become an integral part of its architecture.

African Development Bank (AfDB) President Donald Kaberuka and the Founder of the New Faces, New Voices network, Graca Machel, will co-host the Summit.

Other prominent participants will include Namirembe Bbumba Syda, the Minister of Finance of Uganda, Linah Mohohlo, Governor of the Central Bank of Bostwana, and Wangari Maathai, Nobel Laureate and Founder of the Greenbelt Movement.

The event is driven by the growing realization that women represent a new emerging market.

It will identify the social and cultural barriers to overcome for women to take a centre stage role in the development of Africa's financial system, as users of financial services and decision makers, the appropriate regulatory and policy responses to provide the enabling environment for a rapid and wide expansion of services to women across all income brackets.

Other topics include measures to promote innovations in finance for the profitable delivery of financial services to this market segment; and the mechanisms that will empower women to take up decision-making positions so their voices are heard in the re-shaping of Africa's financial system.

The outcome of the summit will include actionable and measurable interventions to be undertaken by financial sector stakeholders to invest differently in women based on the recommendations distilled during the summit discussions. -- NNN-KBC
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