Obviously, the funds will help them ameliorate their small and medium businesses.
” The Money will enable the Africa Digital Finance for Addition installation to plan and carry out programs to promote digital access to finance for women entrepreneurs, close the$ 42 billion financing gap, and enhance operational efficiency in order to help the Continent in recovering from the COVID- 19 issue,” the statement reads.
“ A vital time has come for the fourth round of We-Fi allocations. The bank says that women’s economic empowerment. is being impacted by conflict, instability, rising prices, and the global consequences of the COVID- 19 epidemic.
We-Fi $15M AFDB Funding
Similarly, as of March 2022, the bank had sponsored over $1.4 billion in Rwandan projects. For example, $498 million went to energy projects.
” Digital financial solutions are essential for making the gender gap in access to finance and perfecting people’s quality of life in Africa.” According to the bank, this funding, in addition to that handed by the Affirmative Finance Action for Women in Africa Initiative( AFAWA), will be used” not only to expand access to finance for women‘s small and medium businesses but also to give an avenue for their increased economic empowerment and resilience
In other words, as of March 2022, the bank had invested further than$1.4 a billion in Projects in Rwanda. For instance, a project involving energy consumed $498 million.