
AfDB backs digital currencies, seeks gender inclusion
The African Development Bank (AfDB) has thrown its weight behind digital currencies, putting in motion a machinery to build capacity particularly among the female gender in the Economic Community of West Africa (ECOWAS) countries, including Nigeria. The African continental lender, yesterday, said its Board of Directors has already awarded a grant of $320, 535 to the West African Monetary Agency (WEMA) to mainstream gender in ECOWAS’ digital financial services (DFS) regulatory framework. The funds, the Bank explained, will support a gender gap analysis of several WAMA strategies, including financial inclusion, gender disaggregation data analytics, digital payment services and infrastructure as well as digital identity.
The project, to be executed over three years, will potenti...