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African Women Financing the Future Lagos, Nigeria Introduction 13th - 14th July 2012 African Women Financing the Future Lagos, Nigeria Introduction The 2012 African Women’s Economic Summit will take place in Lagos, Nigeria at the Federal Palace Hotel in Victoria Island from July 13th to 14th July 2012. Summit Registrations Contents About New Faces, New Voices 2 Wheatbaker Hotel Federal Palace Hotel Client: Mrs Graça Machel 5 From 12th July 6-8 Ahmadu Bello Way About the Summit 6 4 Onitolo (Lawrence) Road Victoria Island Ikoyi,Lagos. P.O. Box 1000 The Agenda Tel: +234 (0)1 2773560-2 Marina Lagos, Nigeria Tel: +234 (0)1 9067118 Tel: +234 (1) 462 8300 Day 1 9 Fax: +234 (0)1 2773563 Tel: +234 (1) 277 9000 Fax: +234 (1) 462 8310 Day 2 10 Day 3 12 About the Chapters 16 African Women’s Economic Summit 1 About New Faces, New Voices About New Faces, New Voices Invest In Women, Invest In Africa Women are the next emerging market Study after study shows that Over the next decade, the According to Boston Consulting empowering women and girls economic power that women will Group, women now control $12 accelerates economic growth. control globally is set to exceed the trillion of the overall $18.4 trillion combined GDP of China and India. in global consumer spending. New Faces New Voices was launched to help African organisations to take advantage of this untapped potential. As the business and finance pillar of the Graça Machel Trust (Multiplying Faces, Amplifying Voices), we have the research and influence needed to drive change. $12 Our objectives are clear: TRILLION To improve women’s access to finance To build the capacity and skills of women entrepreneurs and business leaders To increase the number, visibility and influence of women in leadership positions in the financial sector. Women are Africa’s untapped potential We seek a fundamental shift in the business and financial landscape across Africa. With the right approach, we believe that this aim is as achievable as it is ambitious. Of the $62.5 billion in new private Investing in women represents Women in Africa are responsible equity invested in Africa in 2009, a vast opportunity for African for 60 - 80% of food production We are truly pan-African less than 8% was invested in business. There is a in Africa. enterprises that are either owned Our head office is in South Africa and we have chapters in the or controlled by women. following countries: Cameroon, Côte D’Ivoire, Democratic Republic of Congo, Egypt, Ethiopia, Kenya, Mozambique, Niger, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Uganda and Zambia. 8% $20 80% BILLION www.nfnv.org funding gap for small and medium They receive less then sized enterprises (SME’s) in 1% of the total credit $62.5 Sub-Saharan Africa. 1% given for agriculture (Fukuda-Parr, 2009) 2 African Women Financing the Future African Women’s Economic Summit 3 Advertisement Mrs Graça Machel About Our Founder and Patron A social and political activist over many decades, Mrs Graça Machel is an international advocate for women’s and children’s rights. As a founding member of the “The empowerment of women is African Women’s Foresight not only a developmental issue, it Network, she established is a very much an economic issue. Multiplying Faces Amplifying Voices, which is committed to the Those institutions that recognise empowerment of African women the changes that are happening across sectors such as finance, globally AND take steps to make agriculture, media and science. certain that they are participating in the next emerging market, will New Faces New Voices is the more fully reap the economic first pillar of Multiplying Faces benefits of their investment.‘’ Amplifying Voices to be established and it builds on Mrs Machel’s already substantial legacy. Mrs Graça Machel 4 African Women Financing the Future African Women’s Economic Summit 5 About the Summit About the Summit African Women: Financing The Future The purpose was to explore how women can have a significant This summit builds financial institutions could better developmental impact. The Some statistics about women in Nigeria: About the pledges: on the success of the serve the needs of women as challenge for African governments, The pledges are an integral part 2010 event consumers, business leaders policymakers, and large companies Of the 40 ministers and one of both how we work and how we and employees. in the financial and other sectors, cleared ministerial nominee, ensure that the Summit achieves is to accelerate the growth of the 13/40 13 are women. The number of tangible, measurable results. Under the theme of “Investing female economy by recognising female appointees in the cabinet The first African Women’s Differently in Women”, the women as an important market ministers represents about 31% of the By sponsoring the Summit you will Economic Summit was held Summit considered the business segment and creating an enabling 42-member cabinet. also be sponsoring the monitoring in March 2010 in Nairobi, case for investing in women, the environment that fosters the rise of and tracking of the pledges and Kenya. Organised under the legal, regulatory and cultural the female economy. their implementation by different joint leadership of New Faces obstacles that prevent women stakeholders. The inclusion of from becoming stronger economic Building on the success of the first New Voices and the African real measurement outcomes agents, and how to increase the Summit, the second Summit plans Development Bank, this initiative is, we believe, what makes our number of women in leadership to highlight the contribution of brought together a high-level 31% programme different to other positions within the financial sector. African women to their economies audience of 150 African and global programmes for women in Africa. decision-makers in the financial and how countries can harness the Female representation sector, including policy-makers, Women represent a growing economic potential of women in regulators, commercial banks, and market segment in African more innovative ways. Nigeria, the chosen prominent business leaders. economies and investing in location The appointment of Dr Ngozi (Communication Technology), Ms Okonjo-Iweala as Finance Ama Pepple (Lands and Housing), Lagos, Nigeria has been chosen Minister was lauded in Africa Mrs Sarah Reng Ochekpe (Water as the location for the Summit Resources), Hajiya Zainab Maina and across the globe. because of the magnitude and (Women Affairs and Social potential of the Nigerian economy, Development), Hajiya Zainab 2012 Summit 1 To demonstrate the magnitude of the women’s market segment Other female members of the which is poised to become the Ibrahim Kuchi (Minister of State, objectives and how financial institutions can capitalise on this opportunity. cabinet are Mrs Diezani Alison- largest economy in Africa by 2025 Niger Delta Affairs), Prof. Viola Madueke (Petroleum Resources), in both size and spending power. To highlight financial innovations that increase women’s access to Onwuliri (Minister of State Foreign 2 Prof Ruqayyatu Rufai (Education), finance and identify ways to scale up these innovations Affairs), Erelu Olusola Obada Mrs Stella Oduah-Ogiemwonyi Recent reforms in the financial The 2012 Summit has (Minister of State, Defence) and To identify strategies for increasing the quality and number of (Aviation), Mrs Hadiza Ibrahim sector have created more space for five main objectives. Ms Olajumoke Akinjide (Minister of 3 potential deals from women entrepreneurs Mailafa (Environment), Mrs women and women entrepreneurs, State for FCT). Omobola Johnson Olubusola putting Nigeria at the forefront of To support women’s enterprise development through training and 4 empowering women. capacity-building programmes 5 To report on the pledges made in 2010 and elicit new pledges from Yet, despite its size and influence, 85% financial institutions, governments and other important Nigeria lags behind in levels of stakeholders financial inclusion: 85% of adult females are unbanked. 6 African Women Financing the Future African Women’s Economic Summit 7 Advertisement The Agenda Building Today, A Better Africa Tomorrow African Women: Financing The Future New Faces New Voices and the African Development Bank present the 2nd African Women’s Economic Summit, 12-14 July, Lagos, Nigeria THURSDAY, JULY 12 Day 1 16:00 - 19:00 Registration 19:00 - 20:30 Evening Cocktail Reception for Summit Delegates: Wheatbaker Hotel 8 African Women Financing the Future The Agenda The Agenda Building Today, A Better Africa Tomorrow Building Today, A Better Africa Tomorrow Day 2: Continued Friday, JULY 13 Day 2 14:30 - 15:30 Increasing Women’s Access to Finance: Challenges and Opportunities Summit Opening Day Dr Sanusi Lamido Sanusi, Governor, Central Bank of Nigeria HE Charles Konan Banny, former Governor, Central Bank of West African States Registration at Federal Palace Hotel 07:30 - 08:30 Professor Njuguna Ndung’u, Governor, Central Bank of Kenya Delegates seated 08:45 Moderator: Gabriela Braun, Director, GIZ Programme, Making Finance Work for Africa 09:00 - 10:30 Welcome Remarks: Mrs Graça Machel, Founder, New Faces New Voices The Governor of the Central Bank of Nigeria will give a brief overview of Dr Donald Kaberuka, President, African Development Bank various programs initiated by the Central Bank to increase women’s access Keynote speaker: Dr Ngozi Okonjo-Iweala, Minister of Finance, Federal to finance and promote women’s leadership in the financial sector, both Republic of Nigeria within the Central Bank and in the Nigerian banking environment. This will be followed by a panel discussion with other Central Bank Governors on advancing African women’s financial inclusion. 10:30 - 11:30 Program Highlights from NFNV and National Chapters Ms. Nomsa Daniels, Executive Director, New Faces New Voices 15:30 - 15:45 Coffee Break Since 2010, the Pan-African expansion of New Faces New Voices has proceeded at a rapid pace with 15 national chapters established in Cameroon, Côte D’Ivoire, Democratic Republic of the Congo, Egypt, 15:45 - 16:45 CEO Roundtable and Drivers of Change Ethiopia, Kenya, Mozambique, Niger, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Uganda and Zambia.
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