The African Development Bank (AfDB) has partnered with the government of Tanzania to support economic empowerment programmes for women, youth, and small-scale traders.
AfDB’s president, Akinwumi Adesina says the Bank and Tanzania talked about how to empower women through AfDB’s Affirmative Finance Action for Women in Africa (AFAWA) programme, which aims to bridge a $42 billion financing gaps facing women in Africa.
The African continent has the highest percentage of women entrepreneurs in the world. According to the Global Entrepreneurship Monitor (GEM) 2016/17 Women’s Report, the female entrepreneurship rate in sub-Saharan Africa is 25.9% of the female adult population, meaning that one in four women starts or manages a business.
“The Bank remains a trusted partner of Tanzania. The country is making good strides in infrastructure development as it continues to construct roads linking to highways as in Dodoma and other parts of the country,” Dr Adesina said.