AFD commits nearly USD 7 million to digital financial inclusion of women in Africa

The French Development Agency (AFD) will allocate $ 6.95 million to finance digital financial inclusion in Africa, to promote gender equality in digital financial services. The funding will target, among other beneficiaries, 20 to 25 million women over five years.

The project is part of the African Facility for Digital Financial Inclusion (FADI), supported by the French Development Agency (AFD) and hosted by the African Development Bank (AfDB). The goal of the facility is to ensure access to the formal economy for an additional 332 million Africans, 60% of whom are women, by 2030.

Of the funding of $ 6.95 million to be provided, a grant of $ 320,000 will be used to fund gender inclusion by the West African Monetary Agency (WAMA) for digital financial services in ECOWAS. “This will allow WADA to analyze the gender gap in its strategies and operations. The project will cover all members of ECOWAS Benin, Burkina Faso, Ivory Coast, Cabo Verde, Ghana, Guinea, Gambia, Guinea Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone and Togo ”, said a statement. of AFD.

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