25,000 Businesswomen from 6 East African Countries set to benefit from new $19.5 million TMEA Programme

Local women traders and exporters in six East African countries are set to benefit from a new programme under TradeMark East Africa (TMEA) that seeks to promote trade and support women-owned businesses in the region.

The $19.5 million Women and Trade programme will benefit about 25,000 businesswomen in Rwanda, Burundi, Kenya, South Sudan, Tanzania and Uganda over the next six years, the trade facilitation organisation said in a statement last week.

“The programme seeks to increase incomes and improve livelihoods for women traders and support women-owned enterprises through capacity building, addressing trade barriers and advocacy for policies that will create an enabling environment for them to thrive,” Frank Matsaert, the TMEA chief executive officer, said while launching the first phase of the project in Nairobi, Kenya.

Matsaert challenged regional governments and private sector to provide a conducive environment for women to trade, arguing that women inclusion is important to enhance the region’s business competitiveness.

“It is, therefore, important to continually advocate for balanced frameworks and policy change that will nurture the growth of women in cross-border trade,” he said in the statement. Matsaert pointed out that the first phase of the project will run for a year, with the $15 million second five-year phase expected to be launched in 2017.

Kenya’s Foreign Affairs Cabinet Secretary, Amb Amina Mohammed, lauded TMEA’s commitment toward increasing women participation in regional trade, saying women involvement in business is key to success of EAC regional integration.

“Empowering women creates a positive multiplier effect on poverty reduction, economic growth, government revenues and employment creation. As government, we are keen to see the successful integration of the region and an overall functional free-trade area for the continent but this cannot happen without the labour of women,” Mohammed said.

TMEA’s women and trade programme in Rwanda has enabled women to increase revenue, and are now able to afford medical insurance and fees for their children.

TMEA will work with local groups to implement the programme that seeks to significantly contribute to women traders’ knowledge on EAC trade and export procedures by December 2016. It targets a 10 per cent growth in revenues of the targeted women exporters and traders; and a 30 per cent increase in the use of formal trade systems by the targeted women cross-border traders, as well as the adoption of policies, regulations or practices that support an enabling environment for women.

“Funded by the Kingdom of The Netherlands, the project will also engage officials at 12 EAC border posts in policy dialogue and capacity development initiatives,” Matsaert said.

This article first appeared HERE

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