AfDB, MTN Sign $500,000 Grant To Ease Women’s Access To Finance

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The African Development Bank (AfDB)’s initiative, through the Africa digital financial inclusion facility (ADFI), and Y’ello digital financial services

, the fintech subsidiary of MTN Nigeria, have signed an agreement for a $500,000 grant initiative to enhance women’s access to financial services in Nigeria.

In a statement made available to LEADERSHIP yesterday, the director of financial sector development department at the African Development Bank Group, Stefan Nalletamby, said the funds will facilitate the deployment of women agents in the northern part of Nigeria, where due to security issues and cultural norms, women have been disproportionately excluded from accessing finance.

 

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