The Women Entrepreneurs Finance Initiative (We-Fi) has announced a $15 million funding for African Development Bank’s Africa Digital Financial Inclusion Facility (ADFI) to women-owned small and medium businesses in Nigeria, Cameroon, Egypt, Kenya and Mozambique.
It is its fourth round of financing of $54.8 million to benefit almost 69,000 women entrepreneurs in developing economies with access to digital technology and finance.
The funds will enable the Africa Digital Financial Inclusion Facility to design and implement programs to improve digital access to finance for women entrepreneurs, reducing the $42 billion financing gap, and improving their operational efficiency to build back better following the COVID-19 crisis.
Nation Online