The elimination of gender inequalities and the empowerment of women and girls will accelerate the realization of the Sustainable Development Goals (SDGs). Evidence shows that women’s economic empowerment raises economic productivity, reduces infant and maternal mortality, improves nutrition, promotes health, increases the chances of education for future generations and advances women’s rights.
Some 78 percent of the 200 million young people in sub-Saharan Africa live on less than $2 a day and only 5 percent have access to financial services. With statistics like these, there is no question that youth have become a core concern in many African economies – yet most financial institutions are not equipped to address them as real potential customers. Lack of access to financial resources is a major constraint for youth transitioning from school to work.