News Formal

African Development Bank's Affirmative Finance Action for Women in Africa (Afawa) Is Investing in Women, Accelerating Africa's Progress Toward Gender-Inclusive Economic Growth

  • 📰 allafrica
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 99%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Announcement - Africa is undergoing a fundamental reset in mindset toward investing in its women entrepreneurs. For too long, too many commercial banks and other financial institutions have been on the wrong side of business practice when doing business with Africa's women-led small and medium enterprises.

African Development Bank's Affirmative Finance Action for Women in Africa Is Investing in Women, Accelerating Africa's Progress Toward Gender-Inclusive Economic Growth

Fact is, numerous studies have shown that women in Africa, as in many places worldwide, are a better credit risk for microfinance than men, and are more trustworthy - and by a wide statistical margin, women produce higher repayment rates than men. The series introduced AFAWA's partnership services to the Nigerian market. They included training sessions that show financial institutions how to evaluate their products and services through a gender-smart lens to better address the needs of women entrepreneurs.

Last month in Nairobi, our Guarantee for Growth team discussed scaling up the program to reach more entrepreneurs like Mary Thou. Joining us at the table were representatives from AFAWA donor countries and organizations that include participating G7 countries, France, Italy, Canada, Germany, as well as the Netherlands, Sweden and the Women Entrepreneurs Finance Initiative .

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Impactful Investment: African Development Bank Support Shapes Scholarship Graduate Career in Drone-Enabled Public HealthAnnouncement - The African Development Bank's Japan Africa Dream Scholarship program invests in promising African students from Bank member countries at partner universities in Africa and Japan, financing their tuition, travel, and upkeep for post-graduate studies.
Source: allafrica - 🏆 1. / 99 Read more »