Africa Investment Forum hosts AFAWA Day Event in Rabat Morocco

Recently, an Affirmative Finance Action for Women in Africa (AFAWA) Day event took place during the Africa Investment Forum that was held in Rabat, Morocco. Amidst the event, African Development Bank’s president and chairman Dr. Akinwumi Adesina reveals that Gender lens investing are getting mainstreamed into the Bank’s operations.

Founded in 1964, the African Development Bank Group caters in the International Trade and Development industry with specialities Finance, Development, and Climate Action. It is a biggest development finance institution of the continent.

The bank has designed the Affirmative Finance Action for Women in Africa and it is supported Women’s Entrepreneurs Finance Initiative (We Fi) alongside G7 participating countries Canada, France, Germany and Italy in addition to Netherlands and Sweden as well.

Dr. Akinwumi stated, “You can’t get anything done at the Bank if you are not paying attention to how those projects will impact women, directly or indirectly. When I became president of the bank, I said we have to make sure that these women get the financing they need to be able to thrive in their businesses.”

He added, “AFAWA has approved $2.42bn for women entrepreneurs in Africa”. Of this, $1.14 bn has been disbursed to 18,607 women businesses in Africa. This has been achieved by working with the African Guarantee Fund, the implementer of the Guarantee for Growth program, and 185 financial institutions across 44 African countries.”