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African Women To Create Own Bank

Issue 290
Front Page

Presidential Memo
Election Commission As
“Office Holders Of The State”

Bomb explosion kills owner of Horn Afrik Radio in Mogadishu

Gunmen kill a prominent local journalist in Mogadishu

Three Somali journalists killed by Ethiopian-backed forces

Letter To The President Rayale: Arrests In Somaliland

Ethiopia threatens Shabelle Media Network

Analyst Says Puntland Crisis Could Further Destabilize Horn of Africa

Somali Parliament Debates Oil Law This Week - Envoy

Heavy Fighting Breaks Out In Mogadishu

Somali Officials Deny Selling Oil Rights

Diaspora Partnership Programme: Now Eligible For All Somalis With EU Nationality

Regional Affairs

IFJ Condemns “Savage Killings” as Wave of Attacks in Somalia Claims Media Victims

Amnesty International Petitions Somaliland Over Opposition Arrest

Special Report

International News

Two More Victims Identified

In Africa, A Poisonous Standoff

Failed State Index Ranks Moldova As Worst In Europe


Ex-Ottawa newsman killed

Traversing Savage Waves

Money Transfer Measures Raise Concerns

Ethiopia: Zenawi Confronts The Ogaden Provocation

Neo Warfare

Top US Concern In Africa: The Ogaden Human Right Committee Report

Food for thought


Fire Hazard In Somaliland

Riyalism Dictatorship Has No Place in Somaliland

Rayale And Reptiles: What Have They Got In Common

Today The Justice Of The Nation Of Somaliland Will Prevail

A Reality Check On Rayale’s Somaliland


There’s Something About Vanity Fair


Johannesburg, August 07, 2007 – The creation of a pan-African women's bank could help reduce poverty in Africa by empowering women, the organizers of a women's conference to be held in Johannesburg later this year said on Tuesday.

"You cannot fight poverty if you are not ready to save money. Our goal is the creation of a pan-African bank for women before 2010," said Eno Ben-Udensi, director of Nigeria's "Glorious Women" organization that initiated the project.

"Poverty is the cause of violence, crime, unemployment, divorce, prostitution. That's why we are focusing on this issue."

The second Pan-African Women Conference will see women involved in politics, economics, religion and education debating ways to free women and their families from the shackles of poverty through economic empowerment.

"One of the issues that came out at last year's conference was the need to start saving schemes as women in Africa. We know that we cannot eradicate poverty with credit," said Sindy Dastile, managing director of South African co-operative Masimbonge, which finances micro-businesses run by women.

The conference, to be held from October 15-17, will bring together about 3   000 delegates from 53 countries.

Ben-Udensi said women's affairs ministers from Angola, Somalia, Rwanda, Cameroon and the Democratic Republic of Congo would attend the conference, as well as Kenyan women's activist and 2005 Nobel Peace Prize winner Wangari Maathai.

Source: AFP


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