Former Tanzanian President, Benjamin Mkapa has said it is time Tanzania and Africa at large to invest in women as the only remaining hope to rescue the continent from economic slump and guaranteeing its welcoming future.
“It is high time for women to take over the economic management in Tanzania and other African countries,” Mkapa said, when speaking at the climax of the special Investment Climate Facility (ICF) summit held here yesterday.
Mkapa and ex-President of Botswana, Festus Mogae were among the panelists.
Mkapa led the summit discussions in his capacity as co-founder of the Investment Climate Facility for Africa.
The former Tanzanian leader said he was happy in the knowledge that under his leadership the country made great economic strides but times have changed and as days go by, the best investment any country can make is to place all resources at the disposal of its women and youth populations.
The ex-president, who is a co-chairman of ICF stressed that women were much better at managing finances while the youth, in addition to being more energetic were also a larger working force.
He said women and youth which is a large group of the country’s population is highly marginalised, despite having a big contribution to the economy.