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AFDB Approves Grants to Enhance Women’s Digital Access to Loans and Micro-Insurance

The African Development Bank has approved two grants for research that will increase African women’s access to a range of digital financial services including loans and micro-insurance. The grants, for $1 million and $300,000 respectively, will be disbursed through the Africa Digital Financial Inclusion Facility, a blended finance vehicle supported by the Bank, to two financial technology firms, Pula Advisors Kenya Ltd., and M-KOPA Kenya Ltd.

Meet the First Women Beneficiaries of AFAWA Guarantee

In celebration of International Women’s Day, and to mark the rollout of the Affirmative Finance Action for Women in Africa (AFAWA) Guarantee for Growth program, the African Development Bank and the African Guarantee Fund are showcasing the first beneficiaries of the AFAWA Guarantee for Growth program – an innovation aiming to unlock up to $3 billion in loans to women-led small and medium-sized enterprises (SMEs).