SheTrades is a global ITC initiative that aims to connect 1 million women entrepreneurs to market by 2020. It is supported by a website and mobile application where women entrepreneurs can link and trade with buyers globally in order to correct the existing international trade imbalance which favours men. According to a McKinsey report, advancing women's equality could add $28 trillion to the global GDP by 2025 – equivalent to adding a new United States and China. However, according to ITC data, women are only in charge of one in five exporting companies.
A survey of the stock markets of 17 African countries by Barclays Africa Group has rated Kenya’s financial markets the most advanced in the East African region and 5th with a score of 59% in the continent ahead of economic giants like Nigeria (53 %,) Ghana (49%) and Egypt (39%). South Africa with a score of 92% was ranked first.
Barclays PLC, based in London, announced on 1 March 2016 that it would reduce its ownership of its African business (called Barclays Africa) from 62.3% to a minority shareholding over time.
In the course of announcing its results on 1st March 2016, Barclays PLC issued the following statement regarding their shareholding in Barclays Africa Group Limited (BAGL) (which owns 68.5% of BBK's shareholding)
Our MD Jeremy Awori outlines the status of Barclays Bank in Kenya
