AfDB approves gender equality fund for Nigeria and others

The board of directors of the African Development Bank Group has approved a new trust fund aimed at pushing forward gender equality and women’s empowerment across the continent.

Funded by donors, the AfDB said the fund would support the delivery and scale-up of the bank’s Affirmative Finance Action for Women in Africa programme and promote gender transformative lending and non-lending operations.

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It added that it was the first thematic fund on gender in the bank’s history.

The fund would be established for an initial period of 10 years, it stated. Punch