US President Barrack Obama has announced three entrepreneurial centers targeted at supporting more than 1,600 women in Africa.
The president who co-hosted the sixth global entrepreneurship summit in Nairobi with his Kenyan counterpart, President Uhuru Kenyatta said the centers would be constructed in Kenya, Mali and Zambia.
A total of $100 million has been committed to support the initiative-Women will also be linked to more than 200 top international in the country for business networking.
“Women are powerhouse entrepreneurs. When women succeed, they invest more in their families and communities,” said Obama.
Africa has the highest growth rate of female-run enterprises across the world, according to WorldBank.
“If half of your team isn’t playing, you’ve got a problem. In too many countries, half of the the team is women and youth,” said Obama.
True opportunity he said demands the respect for human dignity, fundamental rights and protection of democratic ideals as he urged African economies to create an enabling environment that allows young people to resolve perennial problems the continent face.
CEO of FUBU and Shark Branding, TV Personality, Daymond John said he was interested in a Kenya company that produces solar lights.