Women In trade
Women control quite a significant segment of Trade in Africa.
“Expanded accessible markets is a critical condition for success in building viable and therefore successful entrepreneurs are important across the continents industrialization ambitions and goals”
We note challenges with payment processing tools that allow businesses to transact efficiently online within the regions and globally. Without these payment tools, women are unable to collect payments from International customers therefore limiting their ability to market beyond their borders or regions.
Women in Trade face additional challenges to global integration and growth prospects due to lack of direct sea access for landlocked countries. Studies show that (1) landlocked countries trade less (on average 30 percent less) than coastal countries) ;(2) landlocked countries experience weaker growth than maritime countries (being landlocked reduces average growth by about 1.5 percent).
MacKellar, Wörgötter, and Wörz (2002) highlight, for instance, that crossing a border entails very high transaction costs due to customs and handling charges. Therefore, being landlocked is associated with increased import prices and reduced export revenues. Transportation costs, therefore, heavily affects women in trade