FOA In The News

Friends of Africa Summit Brings Role of Women Businesses Centerstage

OWIT-Toronto participated in The Friends of Africa Economic Development Summit, hosted over a two-day event in Toronto in October, which brought together high-level public and private sector representatives from African countries including Ethiopia, Ghana, Morocco and Nigeria with their Canadian counterparts. The interactive dialogue was focused on facilitating collaboration and delving into strategic opportunities to fast-track innovative growth in entrepreneurship development across diverse sectors.

Dr Olu and Two Ladies Standing Together - Casa Foundation
Chamber Session with Morrocan Representatives

The Summit organized by Casa Foundation Canada was officially opened by the Foundation’s President, Dr. Olutoyin Oyelade, who emphasized the objective of providing entrepreneurs, companies, and leaders a networking platform to expand businesses that contribute to economic development. She noted the need to have a solid foundation for new entrepreneurs to enable them to build a more sustainable private sector and to ensure inclusive sustainable growth of business… Read More

Laura Reinholz, Director of BMO for Women at BMO Bank of Montreal, detailed the BMO for Women program which provides a platform to provide education, financing, training, networking, and dedicated online tools and resources for women entrepreneurs. She also highlighted the Bank’s involvement in the We Empower challenge.

Ambassador Souriya Otmani of the Kingdom of Morocco in Canada shared Morocco’s strong commitment in supporting women’s economic empowerment. She stated how this had helped boost productivity, increase economic diversification, incomes and additional positive development outcomes. She provided examples of successful projects in both the public and private sector that had tremendously improved women entrepreneurs’ livelihoods, their families and communities.

Four Ladies sitting together.
Morroco Speakers Sitting at Table and signing documents.

The underlying theme at the interactive session was women’s economic empowerment is good for business and for the economy. This has been further underscored by a UNDP study on the Sustainable Development Goals that indicates that investing in programmes that improve income generating activities for women….. Read More

More information about the Ninth Edition Friends of Africa Economic Development Summit can be found here.