Tuesday, September 2, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Digital transformation

The Africa Digital Inclusion Facility has approved two research projects totaling $1.3 million to improve Women’s digital access to loans

Tech Gist Africa by Tech Gist Africa
03/09/2021
in Digital transformation, Innovation, Investments, Opportunities, Press Release, The Big 5, Venture Capital, Women Empowerment, Women in Tech
0 0
0
Africa development bank AFDB Tech Gist Africa

Africa development bank AFDB Tech Gist Africa

0
SHARES
Share on FacebookShare on Twitter

The Africa Digital Inclusion Facility has approved two research projects totaling $1.3 million to improve women’s digital access to loans and micro insurance.

The African Development Bank has funded two research grants to help African women gain access to a variety of digital financial services, such as loans and microinsurance.

The $1 million and $300,000 grants will be distributed to two financial technology companies.

Pula Advisors Kenya Ltd. and M-KOPA Kenya Ltd., respectively, through the Africa Digital Financial Inclusion Facility, a blended finance vehicle funded by the Bank.

Pula Advisors will use the $1 million to conduct research in Kenya, Nigeria, and Zambia on the social, cultural, and economic factors that influence women farmers’ access to microinsurance.

The results of the study will help to shape the design and implementation of gender-specific insurance policies.

The project will be completed over a three-year period.

“This grant money will be used to use technology to develop creative and sensitive loan and insurance products that can boost productivity and inclusion, especially for our women smallholder farmers and traders,”  Sheila Okiro, the Bank’s ADFI Coordinator, said.

Product growth, piloting, and scaling are the three phases of the three-year project.

Which is expected to support 360,000 farmers.

Half of whom are women, and increase farm yields by up to 30%.

This would increase household and national food security while also increasing incomes.

The $300,000 grant will be used by M-KOPA to conduct research with 250 women and 250 men in Kenya’s Kisumu, Eldoret, and Machakos counties.

The company will evaluate the obstacles to and opportunities for women’s access to digital financial services and financial literacy programs via smartphone.

And then use the findings to create a financial services app tailored to small-scale women traders.

The Bank approved the project, which will help women who run small informal businesses and have little or restricted access to financial services.

The mobile app will be used to test small loans to women traders once it is completed.

Both initiatives are in line with ADFI’s digital goods.

Creativity, and capacity-building intervention pillars, as well as the organization’s cross-cutting gender equality emphasis.

The PULA grant approval is in line with the African Development Bank’s strategic priorities,.

Which include the Ten-Year Strategy.

As well as two High-5 focus areas—feeding Africa and improving the quality of life for Africans – Kenya, Nigeria, and Zambia’s financial inclusion strategies.

M-KOPA is part of the Bank’s Affirmative Finance Action for Women in Africa (AFAWA) initiative.

The M-KOPA initiative aims to improve women’s access to finance.

ADFI is a pan-African initiative aimed at increasing digital financial inclusion across the continent.

With the goal of ensuring that 332 million more Africans, 60% of whom are women, gain access to the formal economy.

The Facility was formally opened in Malabo, Equatorial Guinea, during the Bank’s Annual Meetings in 2019.

The French Development Agency (AFD), the French Treasury’s Ministry of Economy and Finance, the Luxembourg Government’s Ministry of Finance, the Bill and Melinda Gates Foundation, and the African Development Bank, which also hosts the fund, are all current ADFI partners.

Read More on Tech Gist Africa;

Google has announced a $25 million grant to Empower Women and Girls

To commemorate International Women’s Day, Egypt, in conjunction with the World Economic Forum, launches “Closing the Gender Gap Accelerator”

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

Agriculture Africa
Agritech

Ghana to Become Africa’s First AI-Powered Agricultural Hub with $100M Japanese Investment

by Tech Gist Africa
09/01/2025
0

Ghana is set to become Africa’s first AI-powered agricultural hub following a landmark $100 million investment from Japanese agri-tech company...

Read more
ITIDA Egypt

Egypt’s Start IT Programme Welcomes Eight Innovative Startups in 47th Cohort

09/01/2025
startup africa

Innovate47 Launches Food & Agri Accelerator to Empower African Startups

09/01/2025
Dubai AI Accelerator

Dubai’s AI Accelerator has opened Registration for the “Future of AI in Government Services Accelerator” Program

09/01/2025
Presight AI-Startup Accelerator

Presight AI-Startup Accelerator Ignites Global Innovation in Abu Dhabi

09/01/2025
Next Post
Paypal

PayPal to acquire Curv, a Cryptocurrency Startup based in Israel

Koinz, Egypt's Food aggregator Startup Tech Gist Africa

Koinz, Egypt's Food aggregator Startup raises $4.8 Million in seed funding

Flutterwave Tech Gist Africa

Flutterwave raises $170 Million in a series C round of funding.

No Result
View All Result

The Big 5

ITIDA Egypt

Egypt’s Start IT Programme Welcomes Eight Innovative Startups in 47th Cohort

by Tech Gist Africa
09/01/2025
0

...

startup africa

Innovate47 Launches Food & Agri Accelerator to Empower African Startups

by Tech Gist Africa
09/01/2025
0

...

Dubai AI Accelerator

Dubai’s AI Accelerator has opened Registration for the “Future of AI in Government Services Accelerator” Program

by Tech Gist Africa
09/01/2025
0

...

Presight AI-Startup Accelerator

Presight AI-Startup Accelerator Ignites Global Innovation in Abu Dhabi

by Tech Gist Africa
09/01/2025
0

...

African tech ecosystem

Africa’s Growing Role in Global Tech Partnerships: Collaboration with Silicon Valley and Beyond

by Tech Gist Africa
08/25/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.