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AFAWA Finance Series: A Platform For Dialogue And Action On Women’s Access To Finance In Kenya

BY Soko Directory Team · November 21, 2023 11:11 am

Today, the Africa Guarantee Fund brings together government representatives, key regulators, and heads of financial institutions to re-strategize on solutions provided to women-owned and led SMEs while focusing on the three pillars of AFAWA: Access to finance, Technical assistance, and Enabling environment.

AFAWA (Affirmative Finance Action for Women in Africa) is a pan-African initiative to bridge the $42 billion financing gap facing women in Africa. Launched in 2015 in Dakar, AFAWA is supported by the African Development Bank and the African Guarantee Fund, as well as the G7 countries, the Netherlands, Sweden, and the Women Entrepreneurs Finance Initiative (We-Fi). AFAWA aims to unlock $5 billion in lending for women by 2026, by providing guarantees to financial institutions, capacity building for women entrepreneurs, and policy advocacy for a conducive business environment.

Read Also: High-Level Conference To Address Financing Gap for Women Entrepreneurs in Nigeria, Lagos

The AFAWA Finance Series is a series of events that seek to give visibility to the AFAWA initiative and its activities in Kenya, while providing a platform for all stakeholders to dialogue and showcase the many advantages that women SMEs can contribute to the Kenyan economy. The series is of paramount importance for financial institutions as it analyzes the existing opportunities and proposes solutions aimed at unlocking financing for women SMEs.

An event is a physical event that will be held in Nairobi from Tuesday 21st November to Thursday 23rd November 2023 and involves the following activities:

  1. A High-level Gender Finance Conference that will bring together the Directors/CEOs of the different stakeholders in the financial services sector, Development Financial Institutions, Government and Business Development Service Providers to deliberate on the opportunities, challenges, and solutions in availing financing to women entrepreneurs in Kenya.
  1. A 2-day Credit Risk and Product Development Training in Gender Finance for Senior Managers of Financial Institutions in Kenya.
  1. The AFAWA Finance Series has previously been held in Tanzania, the Democratic Republic of Congo, Ghana, Nigeria, and Angola.

The AFAWA Finance Series will also give high visibility to the AFAWA initiative and its Guarantee for Growth (G4G) program, which increases financial institutions’ appetite to lend to women, who are known to be better payers, and who reinvest up to 90% of their income in the education, health, and nutrition of their family and community.

AGF invites you to join them in this important event and be part of the change that will transform the lives of millions of women entrepreneurs in Africa via online conversations under #AFAWAFinanceSeries.

Read Also: African Guarantee Fund Makes Great Strides In Unlocking Financing For Africa’s Entrepreneurs

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system. Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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