Women, who form a key part of informal trade in East Africa, will benefit from a programme to equip them with knowledge in customs and trade procedures as well as boost their revenue. The $4.5 million (Sh461 million) scheme by TradeMark Africa (TMA) will involve women traders from Kenya, Uganda, Rwanda, Burundi, Tanzania and South Sudan and run for about a year. “These efforts will enable women traders to overcome key challenges including access to market and trading information, understanding of customs and immigration requirements, compliance with standards, business development skills and access to finance,” Lisa Karanja, senior director for business competitiveness at TMA said. “Additionally, TMA will continue to strengthen women traders’ associations, groups and cooperatives to enable them to effectively engage with policymakers at national and local level, access group loans and engage in collective marketing.” TMA seeks to significantly contribute to women traders’ knowledge on EAC trade and export procedures by December 2016 in partnership with local organisations that will implement the programme. “Targets include a 10 per cent average increase in revenues of the targeted women exporters and traders, a 30 per cent increase in the use of formal trade channels and systems by the women cross-border traders and the adoption of policies, regulations or practices that support an enabling environment for women,” the agency said. A second five-year phase is envisaged for 2017 with a $15 million (Sh1.54 billion) budget committed to the effort. “Empowering women creates a positive multiplier effect on poverty reduction, economic...
TradeMark to equip women entrepreneurs with EAC customs skills in Sh461m scheme
Posted on: October 21, 2015
Posted on: October 21, 2015