Ethiopia’s State Minister of Finance Dr. Eyob Tekalign has called on Africa to promote digital financial services to boost women’s economic opportunities.
He made the call yesterday at a panel of G7 and African countries during the 75th United Nations (UN) General Assembly.
Dr. Eyob said, “Although many African governments are doing much more to harness digital technologies to build more inclusive economies, much remains to be done to ensure women benefit from the digital advancements, especially those that live in rural and marginalized communities.”
He added, “improving women’s access, use, and control over financial services enable them, especially the poorest women, to achieve the same status, power, and opportunities as men resulting in dramatic social changes that propel society forward.”
Furthermore, Dr. Eyob, noted how the COVID-19 pandemic has underscored the importance of digital services encouraging the use of digital payment services.
In particular, he explained how for emerging economies, the challenges from the pandemic have brought more opportunities to promote financial inclusion objectives through the use of technology.