Browsing: Global Gender Summit

The African Development Bank’s flagship initiative, Fashionomics Africa launched the pilot phase of a digital marketplace to help Africa’s fashion designers, textile and accessories professionals connect with global markets.

The launch took place at the Global Gender Summit, attended by more than 1,500 representatives from multilateral development banks, financial institutions, governments and private sector leaders in Kigali, Rwanda.

The Fashionomics Africa digital marketplace website and mobile app is sponsored by the Fund for African Private Sector Assistance. It is the latest innovation from Fashionomics Africa, a platform which enables African entrepreneurs from the textile, apparel and accessories industries to create and grow their businesses, with a focus on opportunities for women and young people.

“It is the first-ever B2B (Business-to-Business) and B2C (Business-to-Consumer) platform that has ever been created for, micro, small and medium-sized enterprises that are working along this value chain,” said Dr. Jennifer Blanke, the Bank’s …

The African Development Bank and partners officially launched Affirmative Finance Action for Women in Africa (AFAWA) Risk Sharing Facility earlier this week at a press conference held during the 2019 Global Gender Summit in Kigali, Rwanda.

The bank’s Affirmative Finance Action for Women in Africa (AFAWA) programme started with significant support from commercial banks and a $1 million commitment from the government of Rwanda.

AFAWA is one of the Bank’s gender-focused programmes which seeks to close the financial gap for women by accelerating growth and employment creation across African economies.

“Today is a great day! With this facility, women will be able to receive technical assistance. We shall strengthen our capacity and we shall get there. The decision that we are taking today is highly transformational. It will permanently transform Africa.” said Akinwumi Adesina, President of the African Development Bank.

The press conference was attended by several heads of commercial …

The Global Gender Summit which kicked off on November 25 in Kigali-Rwanda, and first summit of-its-kind to be held in Africa, emerged with rather vital issues in the second-day, whereby top-notch financial leaders rallied their desire to see support to women business across the African business landscape.

The summit is running on a theme “Unpacking constraints to gender equality” has drawn in presidents, high government officials, multilateral development banks, private sector, civil society and top business and finance leaders from across the continent, who have mainstreamed their ideas on how gender issues influence African finance.

READ:Promoting women will boost African economic growth, World Bank says

According to the African Development Bank (AfDB) press release, Dr. Jennifer Blanke the bank’s Vice President for Agriculture, Human and Social Development, aligned her ideas along side other Leaders from multilateral development banks, financial institutions and the private sector called on peers to dispel …

The African Development Bank (AfDB) has committed to explore new avenues of directly supporting efforts aimed at empowering Kenyan women in business.

The commitment was made by the bank’s deputy director general Nnenna Nwabufo during a meeting with Kenya’s First Lady Margaret Kenyatta, on the sidelines of the ongoing Global Gender Summit in Kigali, Rwanda.

Ms Nwabufo singled out capacity building activities for Kenyan women in business as one of the areas that the bank is keen on supporting.

READ ALSO:How Kenyan bank is empowering women

“We could do this through capacity building to enable women (Kenyan) to benefit from development projects implemented by the government in partnership with African Development Bank,” Ms Nwabufo said.

Ms Nwabufo, who heads AfDB’s East Africa Regional Development and Business Delivery office, assured the First Lady that she is committed to ensuring that women in Kenya gain from the bank’s Affirmative Action for …