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Women play a significant role in the development of our economy but are one of the most vulnerable groups impacted by unprecedented events. The ongoing pandemic has heightened the need to address the gender finance gap in societies around the world and drive initiatives to support them in achieving financial independence.  
 
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Articles

Hand holding flower with white text
Women play a significant role in the development of our economy but are one of the most vulnerable groups impacted by unprecedented events. The ongoing pandemic has heightened the need to address the gender finance gap in societies around the world and drive initiatives to support them in achieving financial independence. We’re proud to see our...
Wandia Gichuru, CEO, Vivio
As 2020 started, Wandia Gichuru’s eyes were set on a 40% revenue growth on her business from the previous year. Wandia is Founder and Owner of Vivo, a manufacturer and retailer of women’s clothing with 14 shops throughout Kenya. Little did she know that only a few months later the world would go into a rare lockdown which would make even matching...
African man with a mask working a workshop
This blog has been originally posted on the World Bank Blogs website . Two months from now, about 200 million people will be out of jobs due to the economic effects of the coronavirus (COVID-19). The disruption of supply chains and reduction in demand are impacting businesses’ cash flows and profitability—in some cases permanently. To avert a...
Member article: disruptive fintech is our best bet to economic recovery post COVID-19
Originally published on The Next Web . History has taught us that times of crisis drive demand for technological advancement. Those that leverage innovative technology, to tackle challenges and turn them into opportunities, are often the most successful in helping society to recover. Earlier this year, when the novel coronavirus sparked a global...
Guy Hoskins picture
Despite a low growth economy, which was hit even harder by COVID-19, local small and medium enterprise (SME) financier Retail Capital, has retained its national BB+ credit rating. While its international rating has dropped by one notch to B- in line with South Africa’s credit downgrade in March, both ratings have a stable outlook. This has...
ESG with three colorful circles with acronym and a man in front of a bank. Drawing
Originally posted by The Banker and reproduced with author's permission. Accounting has a long tradition. In Europe, it can be traced back to the 15th century, when double-entry bookkeeping became more widely known through the publication of a book by friar Luca Pacioli, in 1494, where he described the practice that Venetian merchants had been...
Jordan quick to shield MSMEs amid COVID-19 downturn
Originally posted on the The Alliance for Financial Inclusion (AFI) website . Since the early onset of the global pandemic, Central Bank of Jordan (CBJ) has adopted ongoing preventive and supportive measures aimed at containing the negative repercussions of COVID-19 on the local economy. Furthermore, the central bank has facilitated the use of...
Nick Ogden picture
Last December, we invited Nick Ogden, founder of ClearBank and WorldPay, to our offices for a presentation about RTGS, and a new interbank network the company was developing, where the benefits of the real-time gross settlement are uniquely matched to real-time guaranteed liquidity. RTGS Limited was founded by Nick Ogden, the entrepreneur who, as...
Woman and man with mask at a restaurant delivering food
Over a period of less than two weeks, since it was officially declared a pandemic by WHO, COVID-19 has disrupted lives and economies around the globe. According to a briefing issued by the United Nations Department of Economic and Social Affairs, the COVID-19 pandemic will likely shrink the global GDP by almost one percent in 2020. Countries have...
Promoting good practices in women entrepreneur financing has always been an important focus of the SME Finance Forum. Financial inclusion for women has always been challenging, particularly in emerging and developing markets where women entrepreneurs have lower access to capital, which severely restricts their progress and ability to contribute to...