Monday, 29 September 2008
Former US President Bill Clinton announced a $30 million commitment by members of the Clinton Global Initiative (CGI) to ‘empower women in developing countries with business education.’ FAWE will be actively involved in this commitment.
Speaking at the closing session of the CGI annual meeting in New York, US, on 26 September 2008, President Clinton said new commitments from CGI members as part of efforts to meet Millennium Development Goals by 2015 would impact more than 158 million lives in countries around the world.
FAWE will work closely with Goldman Sachs to select 100 African women who will receive training from business schools that are part of Goldman Sachs’s ‘10,000 Women’ initiative. The initiative seeks to provide quality business and entrepreneurial education to women in developing countries.
FAWE will choose women from a number of countries, including Nigeria and Zambia. Some of these women will receive scholarships to attend a five-month certificate programme designed to develop core skills among women owners of small and medium-sized businesses.
It is anticipated that this training will assist women in creating successful, innovative businesses that will enable them to become financially independent and active contributors to the economic development of their communities and their countries.
In addition, Goldman Sachs will train 300 women in Liberia in business and management.
Overall, $30 million has been pledged through this commitment to bring quality business education to a total of 400 African women over five years.
A video President Clinton’s announcement of this commitment can be viewed at http://video.clintonglobalinitiative.org/health_cast/player_cgi2008_nointro.cfm?id=4592.
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