The African Development Bank has called for increased access to finance for African women.
The summit is being organised by the Multilateral Development Banks’ Working Group on gender, for the first time in Africa, with the theme “Unpacking constraints to gender equality”. She said it is essential for financial institutions to support initiatives from women but they lack resources, collateral, and the procedures for accessing loans are complicated.
”The pan-African bank has signed up to the African Union gender parity principle of 50/50. “Currently we are at 46 per cent and out of that, 30 per cent of those women are in senior management positions,” she said. The report which was launched Tuesday at the 2019 Global Gender Summit examines the potential boost to African economic growth as a result of accelerating progress toward gender equality., is investing in human capital and creating economic opportunities.