Kinyarwanda
English
AFAWA Initiative Honored by French President Macron for Empowering African Women Entrepreneurs
The African Development Bank's #AFAWA initiative has provided $1.2 billion to 24,000 women entrepreneurs in Africa, transforming financial inclusion and empowering women-led businesses. Recognized by French President Emmanuel Macron, AFAWA is bridging the financing gap and driving economic growth across the continent.
The African Development Bank Group's #AFAWA (Affirmative Finance Action for Women in Africa) initiative has garnered significant recognition, including an honor from French President Emmanuel Macron during an International Women's Day event at the Elysée Palace in Paris. This initiative is a transformative effort to address the financial challenges faced by women entrepreneurs in Africa.
Key Highlights:
-
Recognition by France:
President Macron acknowledged AFAWA's impact, underscoring its alignment with global efforts to promote gender equality and women's empowerment. -
Message from Akinwumi Adesina:
In a video message, the African Development Bank Group President expressed gratitude for France's support and highlighted the tangible outcomes of AFAWA. Watch the message here. -
Impact on Women Entrepreneurs:
-
AFAWA has disbursed over $1.2 billion in financing.
-
This funding has benefited more than 24,000 women entrepreneurs across Africa.
-
-
Transforming Financial Inclusion:
Beth Dunford, Vice-President of the Bank Group, emphasized how AFAWA is reshaping the financial landscape for African women:-
It encourages financial institutions to design products and services tailored to women-led businesses.
-
By improving access to finance, AFAWA is driving economic growth and empowerment across the continent.
-
-
Mission of AFAWA:
The initiative aims to bridge the $42 billion financing gap faced by women-led businesses in Africa, fostering their economic participation and leadership. -
International Women's Day 2024:
This year's theme, "For ALL Women and Girls: Rights, Equality, and Empowerment," resonates deeply with AFAWA's goals, especially as it coincides with the 30th anniversary of the Beijing Declaration, a landmark framework for advancing women's rights.
Learn More:
AFAWA's success demonstrates the power of targeted financial inclusion in unlocking the potential of women entrepreneurs, ultimately contributing to sustainable development and economic growth in Africa.
