March 16

ADF Supports Digital Financial Inclusion for African Women With $6.95 Million

The Africa Digital Financial Inclusion Facility (ADFI), supported by the French Development Agency (AFD) and hosted by the African Development Bank (AfDB) has committed to financing digital financial inclusion in Africa with six grants totalling $ 6.95 million.

A statement issued by the Communications section of the French Embassy in Abuja at the weekend said “the commitments aim to reduce Africa’s existing gender gap in digital financial services.”

It said that in February 2021, the AfDB board of Directors approved a series of five grants from this blended finance vehicle, to the benefit of the following organisations: African Cybersecurity Resource Center (ACRC), EthSwitch Share Company, M-Kopa Kenya Limited, Pula Advisors Limited – Kenya, Sinitic Africa and the West African Monetary Agency.

Photo courtesy of UN Women.

Source: Leadership Newspaper (link opens in a new window)

financial inclusion, gender equality