Women’s World Banking’s Africa Advisory Council Addresses Financial Inclusion At WEF

Women’s World Banking’s Africa Advisory Council came together for its biannual meeting at WEF Africa to address the most pressing issues related to women’s financial inclusion.

The Africa Advisory Council made up of preeminent leaders from the public and private sector across Africa has a mandate to help Women’s World Banking advocate for greater women’s financial inclusion in Sub-Saharan Africa. By not addressing women’s financial exclusion, Africa will not be able to reach its full potential. According to the 2014 Global Findex, the gender gap has actually increased since the 2011 Global Findex, making efforts to drive greater financial inclusion for women even more critical in order to not leave women behind. The Advisory Council members who participated in this week’s meeting include:

  • Honorary Co-Chair Dr. Ngozi Okonjo-Iweala
  • Geraldine Frazier-Moleketi
  • Ade Ashaye
  • Nunu Tshingila, Facebook Africa
  • Anne-Marie Chidzero
  • Dr. Monique Nsanzabaganwa, Deputy Governor, Central Bank of Rwanda

Additional executives joined for this meeting including:

  • Uzoma Dozie, CEO, Diamond Bank, Nigeria
  • Ineke Bussemaker, CEO, NMB, Tanzania

In a discussion about trends and solutions, the meeting centered on 3 key areas:

  • Providing access to capital and markets to women entrepreneurs, including bringing entrepreneurs onto digital platforms
  • Political instability creating economic uncertainty and new solutions to come from Africa for Africa including the idea of the Big Bond
  • The opportunities created by moveable collateral registries

As Mary Ellen Iskenderian, President and CEO of Women’s World Banking noted, “Our Africa Advisory Council brings together the best and brightest of Africa’s business and government leaders. With their strategic guidance and recommendations, we are able to drive greater impact and scale with our work on the critical issue of women’s financial inclusion.”

Women’s World Banking’s Africa Advisory Council was formed in 2014 with the support of FSD Africa (FSDA) and DFID. The full list and bios of the Africa Advisory Council members can be found here:

https://www.womensworldbanking.org/about-us/our-team/board/#AfricaAdvisoryCouncil

Source: Africa

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