TY - CHAP
T1 - Gendered Finance
T2 - Inclusion and Transformation
AU - Ojo, Tinuade Adekunbi
N1 - Publisher Copyright:
© The Author(s), under exclusive license to Springer Nature Switzerland AG 2024.
PY - 2024
Y1 - 2024
N2 - Gendered finance in Africa represents a multifaceted landscape where financial systems intersect with gender dynamics, presenting both challenges and opportunities for inclusive economic growth. This abstract explores the complexities surrounding gendered finance in Africa, emphasizing the pivotal role of inclusion and transformation in reshaping financial structures. The African continent grapples with entrenched gender disparities in access to financial services, with women often facing significant hurdles in obtaining credit, owning property, or participating in formal financial systems. These barriers are compounded by cultural norms, limited access to education, and discriminatory practices, hindering women’s economic empowerment and financial independence. However, amidst these challenges lie prospects for transformative change. Efforts aimed at fostering inclusive financial ecosystems are gaining momentum. Initiatives promoting financial literacy, access to microfinance, and innovative fintech solutions tailored to women’s needs are emerging across the continent. Moreover, policy interventions and advocacy for gender-sensitive regulations are gradually reshaping the financial landscape. Understanding the intersectionality of gender, finance, and socioeconomic contexts is crucial in devising sustainable strategies for inclusive growth. Empowering women economically not only enhances their individual agency but also contributes significantly to broader societal development, fostering economic resilience and reducing poverty. This abstract underscores the imperative of addressing gendered financial inequalities in Africa, emphasizing the need for holistic approaches that combine policy reforms, innovative financial products, and cultural shifts. By embracing inclusion and transformation in financial systems, Africa can unlock the immense potential embedded in its diverse population, fostering a more equitable and prosperous future for all.
AB - Gendered finance in Africa represents a multifaceted landscape where financial systems intersect with gender dynamics, presenting both challenges and opportunities for inclusive economic growth. This abstract explores the complexities surrounding gendered finance in Africa, emphasizing the pivotal role of inclusion and transformation in reshaping financial structures. The African continent grapples with entrenched gender disparities in access to financial services, with women often facing significant hurdles in obtaining credit, owning property, or participating in formal financial systems. These barriers are compounded by cultural norms, limited access to education, and discriminatory practices, hindering women’s economic empowerment and financial independence. However, amidst these challenges lie prospects for transformative change. Efforts aimed at fostering inclusive financial ecosystems are gaining momentum. Initiatives promoting financial literacy, access to microfinance, and innovative fintech solutions tailored to women’s needs are emerging across the continent. Moreover, policy interventions and advocacy for gender-sensitive regulations are gradually reshaping the financial landscape. Understanding the intersectionality of gender, finance, and socioeconomic contexts is crucial in devising sustainable strategies for inclusive growth. Empowering women economically not only enhances their individual agency but also contributes significantly to broader societal development, fostering economic resilience and reducing poverty. This abstract underscores the imperative of addressing gendered financial inequalities in Africa, emphasizing the need for holistic approaches that combine policy reforms, innovative financial products, and cultural shifts. By embracing inclusion and transformation in financial systems, Africa can unlock the immense potential embedded in its diverse population, fostering a more equitable and prosperous future for all.
KW - African economies
KW - Empowerment
KW - Financial inclusion
KW - Gender dynamics
KW - Transformation
UR - http://www.scopus.com/inward/record.url?scp=85195107388&partnerID=8YFLogxK
U2 - 10.1007/978-3-031-53337-2_1
DO - 10.1007/978-3-031-53337-2_1
M3 - Chapter
AN - SCOPUS:85195107388
T3 - Sustainable Development Goals Series
SP - 1
EP - 10
BT - Sustainable Development Goals Series
PB - Springer
ER -