Africa: African Development Bank and Axian Launch Digital Finance Programme to Support 34,000 Women-Led Businesses in Africa
[African Development Bank (AfDB)] AXIAN Group and the African Development Bank have launched a major women's financial inclusion programme to expand access to finance and business support for more than 34,000 women-led enterprises in five African countries.
The African Development Bank and AXIAN Group have unveiled a program to empower 34,000 women-led businesses across four African nations. The initiative, supported by the African Development Bank's AFAWA and We-Fi programs, aims to tackle the significant financing gap experienced by women entrepreneurs in Africa. Through the partnership, AXIAN's digital financial services, Mixx and Mvola, will provide tailored loan products, business development support, and digital skills training to women entrepreneurs in Madagascar, Tanzania, Senegal, Togo, and Comoros.
The program will focus on five key areas: expanding digital finance access, enhancing financial and digital literacy, creating women-specific financial products, accelerating mobile technology inclusion, and helping women-owned businesses transition to the formal economy.
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