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United Nations Department of Economic and Social Affairs Sustainable Development

Affirmative Finance Action for Women in Africa

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Government
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#SDGAction43330
    Description
    Description
    The £30 million ($37.4 miilion) of UK aid announced on 25 August 2019 is for women’s economic empowerment to extend DFID’s support for the Women Entrepreneurs Finance Initiative. This will go towards the Affirmative Finance Action for Women in Africa (AFAWA) programme run by the African Development Bank. The AFAWA programme aims to:
    • provide up to 10,000 budding female entrepreneurs with essential training and mentoring to help them better manage their businesses, including marketing, financial and business planning
    •Start partnerships with up to 30 banks across Africa, helping to bring down the cost and incentivise lending to thousands of women.
    •improve policies for women in business in up to 10 countries, enabling them to access markets on terms equivalent to their male counterparts.
    Expected Impact

    The increased funding through UK aid will incentivise African banks across the continent to lend to women by reducing the costs, while providing expert training to female entrepreneurs in essential skills to make their businesses a success. By investing in the economic empowerment of African women, we are investing in ending poverty, addressing gender inequality and unlocking economic development.

    Partners
    African Development Bank

    Goal 8

    Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

    Goal 8

    8.1

    Sustain per capita economic growth in accordance with national circumstances and, in particular, at least 7 per cent gross domestic product growth per annum in the least developed countries
    8.1.1

    Annual growth rate of real GDP per capita

    8.2

    Achieve higher levels of economic productivity through diversification, technological upgrading and innovation, including through a focus on high-value added and labour-intensive sectors

    8.2.1

    Annual growth rate of real GDP per employed person

    8.3

    Promote development-oriented policies that support productive activities, decent job creation, entrepreneurship, creativity and innovation, and encourage the formalization and growth of micro-, small- and medium-sized enterprises, including through access to financial services

    8.3.1

    Proportion of informal employment in total employment, by sector and sex

    8.4

    Improve progressively, through 2030, global resource efficiency in consumption and production and endeavour to decouple economic growth from environmental degradation, in accordance with the 10-Year Framework of Programmes on Sustainable Consumption and Production, with developed countries taking the lead

    8.4.1

    Material footprint, material footprint per capita, and material footprint per GDP

    8.4.2

    Domestic material consumption, domestic material consumption per capita, and domestic material consumption per GDP

    8.5

    By 2030, achieve full and productive employment and decent work for all women and men, including for young people and persons with disabilities, and equal pay for work of equal value
    8.5.1

    Average hourly earnings of female and male employees, by occupation, age and persons with disabilities

    8.5.2

    Unemployment rate, by sex, age and persons with disabilities

    8.6

    By 2020, substantially reduce the proportion of youth not in employment, education or training
    8.6.1

    Proportion of youth (aged 15-24 years) not in education, employment or training

    8.7

    Take immediate and effective measures to eradicate forced labour, end modern slavery and human trafficking and secure the prohibition and elimination of the worst forms of child labour, including recruitment and use of child soldiers, and by 2025 end child labour in all its forms

    8.7.1

    Proportion and number of children aged 5‑17 years engaged in child labour, by sex and age

    8.8

    Protect labour rights and promote safe and secure working environments for all workers, including migrant workers, in particular women migrants, and those in precarious employment

    8.8.1

    Fatal and non-fatal occupational injuries per 100,000 workers, by sex and migrant status

    8.8.2

    Level of national compliance with labour rights (freedom of association and collective bargaining) based on International Labour Organization (ILO) textual sources and national legislation, by sex and migrant status

    8.9

    By 2030, devise and implement policies to promote sustainable tourism that creates jobs and promotes local culture and products

    8.9.1

    Tourism direct GDP as a proportion of total GDP and in growth rate

    8.10

    Strengthen the capacity of domestic financial institutions to encourage and expand access to banking, insurance and financial services for all

    8.10.1

    (a) Number of commercial bank branches per 100,000 adults and (b) number of automated teller machines (ATMs) per 100,000 adults

    8.10.2

    Proportion of adults (15 years and older) with an account at a bank or other financial institution or with a mobile-money-service provider

    8.a

    Increase Aid for Trade support for developing countries, in particular least developed countries, including through the Enhanced Integrated Framework for Trade-Related Technical Assistance to Least Developed Countries
    8.a.1

    Aid for Trade commitments and disbursements

    8.b

    By 2020, develop and operationalize a global strategy for youth employment and implement the Global Jobs Pact of the International Labour Organization

    8.b.1

    Existence of a developed and operationalized national strategy for youth employment, as a distinct strategy or as part of a national employment strategy

    Goal 5

    Achieve gender equality and empower all women and girls

    Goal 5

    5.1

    End all forms of discrimination against all women and girls everywhere

    5.1.1

    Whether or not legal frameworks are in place to promote, enforce and monitor equality and non‑discrimination on the basis of sex

    5.2

    Eliminate all forms of violence against all women and girls in the public and private spheres, including trafficking and sexual and other types of exploitation
    5.2.1

    Proportion of ever-partnered women and girls aged 15 years and older subjected to physical, sexual or psychological violence by a current or former intimate partner in the previous 12 months, by form of violence and by age

    5.2.2

    Proportion of women and girls aged 15 years and older subjected to sexual violence by persons other than an intimate partner in the previous 12 months, by age and place of occurrence

    5.3

    Eliminate all harmful practices, such as child, early and forced marriage and female genital mutilation
    5.3.1

    Proportion of women aged 20-24 years who were married or in a union before age 15 and before age 18

    5.3.2

    Proportion of girls and women aged 15-49 years who have undergone female genital mutilation/cutting, by age

    5.4

    Recognize and value unpaid care and domestic work through the provision of public services, infrastructure and social protection policies and the promotion of shared responsibility within the household and the family as nationally appropriate

    5.4.1

    Proportion of time spent on unpaid domestic and care work, by sex, age and location

    5.5

    Ensure women’s full and effective participation and equal opportunities for leadership at all levels of decision-making in political, economic and public life

    5.5.1

    Proportion of seats held by women in (a) national parliaments and (b) local governments

    5.5.2

    Proportion of women in managerial positions

    5.6

    Ensure universal access to sexual and reproductive health and reproductive rights as agreed in accordance with the Programme of Action of the International Conference on Population and Development and the Beijing Platform for Action and the outcome documents of their review conferences

    5.6.1

    Proportion of women aged 15-49 years who make their own informed decisions regarding sexual relations, contraceptive use and reproductive health care

    5.6.2

    Number of countries with laws and regulations that guarantee full and equal access to women and men aged 15 years and older to sexual and reproductive health care, information and education

    5.a

    Undertake reforms to give women equal rights to economic resources, as well as access to ownership and control over land and other forms of property, financial services, inheritance and natural resources, in accordance with national laws

    5.a.1

    (a) Proportion of total agricultural population with ownership or secure rights over agricultural land, by sex; and (b) share of women among owners or rights-bearers of agricultural land, by type of tenure

    5.a.2

    Proportion of countries where the legal framework (including customary law) guarantees women’s equal rights to land ownership and/or control

    5.b

    Enhance the use of enabling technology, in particular information and communications technology, to promote the empowerment of women
    5.b.1

    Proportion of individuals who own a mobile telephone, by sex

    5.c

    Adopt and strengthen sound policies and enforceable legislation for the promotion of gender equality and the empowerment of all women and girls at all levels

    5.c.1

    Proportion of countries with systems to track and make public allocations for gender equality and women’s empowerment

    Goal 1

    End poverty in all its forms everywhere

    Goal 1

    1.1

    By 2030, eradicate extreme poverty for all people everywhere, currently measured as people living on less than $1.25 a day

    1.1.1

    Proportion of the population living below the international poverty line by sex, age, employment status and geographical location (urban/rural)

    1.2

    By 2030, reduce at least by half the proportion of men, women and children of all ages living in poverty in all its dimensions according to national definitions

    1.2.1

    Proportion of population living below the national poverty line, by sex and age

    1.2.2

    Proportion of men, women and children of all ages living in poverty in all its dimensions according to national definitions

    1.3

    Implement nationally appropriate social protection systems and measures for all, including floors, and by 2030 achieve substantial coverage of the poor and the vulnerable

    1.3.1

    Proportion of population covered by social protection floors/systems, by sex, distinguishing children, unemployed persons, older persons, persons with disabilities, pregnant women, newborns, work-injury victims and the poor and the vulnerable

    1.4

    By 2030, ensure that all men and women, in particular the poor and the vulnerable, have equal rights to economic resources, as well as access to basic services, ownership and control over land and other forms of property, inheritance, natural resources, appropriate new technology and financial services, including microfinance

    1.4.1

    Proportion of population living in households with access to basic services

    1.4.2

    Proportion of total adult population with secure tenure rights to land, (a) with legally recognized documentation, and (b) who perceive their rights to land as secure, by sex and by type of tenure

    1.5

    By 2030, build the resilience of the poor and those in vulnerable situations and reduce their exposure and vulnerability to climate-related extreme events and other economic, social and environmental shocks and disasters

    1.5.1

    Number of deaths, missing persons and directly affected persons attributed to disasters per 100,000 population

    1.5.2

    Direct economic loss attributed to disasters in relation to global gross domestic product (GDP)

    1.5.3

    Number of countries that adopt and implement national disaster risk reduction strategies in line with the Sendai Framework for Disaster Risk Reduction 2015-2030

    1.5.4

    Proportion of local governments that adopt and implement local disaster risk reduction strategies in line with national disaster risk reduction strategies

    1.a

    Ensure significant mobilization of resources from a variety of sources, including through enhanced development cooperation, in order to provide adequate and predictable means for developing countries, in particular least developed countries, to implement programmes and policies to end poverty in all its dimensions

    1.a.1

    Total official development assistance grants from all donors that focus on poverty reduction as a share of the recipient country's gross national income

    1.a.2

    Proportion of total government spending on essential services (education, health and social protection)

    1.b

    Create sound policy frameworks at the national, regional and international levels, based on pro-poor and gender-sensitive development strategies, to support accelerated investment in poverty eradication actions

    1.b.1

    Pro-poor public social spending

    Technical Assistance to financial institutions to enable them to lend more to Women’s Small and Medium-sized Enterprises (WSMEs), better assessing and managing risks (the supply side).
    Capacity building women entrepreneurs, helping them to access lending, including personal initiative training and business planning (demand side).
    Enabling environment – reform of policy, laws, institutions, including work with regulators and other stakeholders to make it easier for women to get credit on reasonable terms. This will include vital work on official requirements for collateral, including women’s right to land and property.
    Risk-sharing: working with local banks to help them to lend more, and more affordably, to women entrepreneurs.
    Financing (in USD)
    The UK has committed £30 million($37.4 million) to the AFAWA programme. These funds will unlock more financing from local African banks to women entrepreneurs on a sustainable basis.
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    Timeline
    20 September 2019 (start date)
    01 January 1970 (date of completion)
    Entity
    UK Government - Department for International Development
    SDGs
    8 5 1
    Region
    1. Africa
    Geographical coverage
    East Kilbride/London, United Kingdom
    Website/More information
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    Countries
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    Contact Information