Women Initiatives Financial Literacy Fellowship

The gender gap in financial inclusion is found in both emerging and advanced economies with well-developed financial markets. Across geographies, financial illiteracy is a challenge that disproportionately affects more women than men. Gender disparities in financial literacy compound women’s difficulties in securing their financial future and wellbeing and in participating confidently in economic and financial activities. A publication by Mckinsey Global Institute confirms that the failure to embrace gender diversity has prevented Africa from achieving social and economic progress, as well as hindered women from reaching their full potential. Our proposed solution is a 6-month fellowship focused on personal finance for select university students chosen from African countries to inspire them to become financially literate, develop a strong financial foundation and become financially independent. We aim to contribute towards the UN SDG goals 4&5 by educating these students on making intelligent financial decisions.