AfDB disburses funds to push more women into ECOWAS’ digital financial market

Finance
Wednesday, 10 March 2021 13:10
AfDB disburses funds to push more women into ECOWAS’ digital financial market

(Togo First) - To increase women’s participation in the West African finance industry, the African Development Bank (AfDB) disbursed $320,000 to promote gender inclusion in digital financial services across the ECOWAS space. 

Announced last week, the new facility will help assess the gender gap and disparities in this sector. In effect, the funds will finance “a gender gap survey of several West African Monetary Agency (WAMA) strategies," including those related to “financial inclusion, gender-disaggregated data analysis, digital payment services and infrastructure, and digital identity.”

The project aims to raise to 35% women’s participation in the digital financial market’s operations in the region concerned. This, in a context where this sector records some disparities between men and women. 

The program will be carried out by the WAMA, over three years. It should impact up to 350 million people across all 15 ECOWAS member States. 

Ayi Renaud Dossavi

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