By Emmanuel Hitimana
KIGALI, Nov 26 2019 (IPS)
Ngiriye is a case in point. Her mother had stepped in to be her guarantee and eventually her business journey led her to founding Entreprenarium in 2014.
What a first day of the #2019GGS here in #Kigali. Impactful conversations with Dr. @akin_adesina, President of @AfDB_Group, and our Founder, @kristingiriye, about the state of women’s access to finance in Africa and the solutions to reduce the financing gap for women entreprises. pic.twitter.com/orLd4ck1Oo
— Entreprenarium (@Entreprenarium) November 25, 2019
- Since 2018, AfDB has partnered with Entreprenarium to train 1,000 female entrepreneurs on business development and financial management across the continent.
- The continent has a $42 billion financing gap between men and women.
- It is projected that closing the gender gap in Africa will boost the global economy by $28 trillion by 2025.
- The bank has a digital payment system called EcobankPay which also provides women who use this service with loans, even if their cash flow is inconsistent.
- Rwanda already has the greatest ratio of gender representation in parliament in the world — with 61 % of its parliamentarians being women.