| Approval Date | 15 Jul 2016 |
| Signature Date | 08 Sep 2016 |
| Planned Completion Date | 31 Dec 2020 |
| Sovereign / Non-Sovereign | Sovereign |
| Sector | Communications |
| DAC Sector Code | 22013 |
| Commitment | U.A 3,820,000 |
| Status | Implementation |
The project aims to create and deploy a social media platform called "50 million African women have a voice". This Platform, which will have a regional scope, will address the specific problems faced by women, particularly women entrepreneurs, namely low levels of education and entrepreneurial training, poor access to finance and financial services, and poor access to information. In particular, women will benefit, through this initiative, from entrepreneurial training, mentoring, financial services and relevant local business information, while establishing their own networks of contacts. In its implementation, the project will build on the ubiquity and popularity of mobile phones to reduce the burden of learning and access to information and services, which will enable women to manage their businesses and social conditions. The project will also provide an opportunity to collect important statistics on financial inclusion in Africa. The project targets three Regional Economic Communities (RECs), including the Common Market for Eastern and Southern Africa (COMESA), the East African Community (EAC), and the Economic Community of West African States (ECOWAS). It will be implemented over a three-year period, starting in 2017, with a total estimated cost of UA 9.8 million.
The development objective of the project is to contribute to the economic empowerment of women by providing a networking platform that would allow them to access information on financial and non-financial services. More specifically, the project aims to create a platform for improving the capacity of women entrepreneurs to network and share information and access financial services.
The project is expected to benefit all women entrepreneurs on the continent, particularly those in the Common Market for Eastern and Southern Africa (COMESA). The platform will initially target women entrepreneurs in Africa who generally have great difficulty accessing information on financial and non-financial services, and who are less likely to join established business networks or have mentors who can give them the valuable advice and guidance they need to grow their businesses.
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Funding
African Development Fund
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Implementing
Common Market for Eastern and Southern Africa (COMESA) Secretariat
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| IATI identifier | 46002-P-Z1-G00-014 |
| Last Update | 18 Feb 2020 |
| Name | JACK Salieu |
| s.jack@afdb.org |
| Country | Multinational |