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    MarketForces Africa » MarketForces News » USAID, Bill & Melinda Gates Launch Women in Digital Economy Fund

    USAID, Bill & Melinda Gates Launch Women in Digital Economy Fund

    Julius AlagbeBy Julius AlagbeMarch 13, 2024 News No Comments4 Mins Read
    USAID, Bill & Melinda Gates Launch Women in Digital Economy Fund
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    USAID, Bill & Melinda Gates Launch Women in Digital Economy Fund

    The Women in the Digital Economy Fund (WiDEF), a five-year $60.5 million investment to accelerate progress on closing the global gender digital divide, announced its first call for applications with recorded remarks from the United States Agency for International Development (USAID) Administrator Samantha Power.

    Founded by USAID and the Bill & Melinda Gates Foundation—and first announced by U.S. Vice President Kamala Harris in Accra, Ghana in March 2023—WiDEF will now begin identifying, funding, and accelerating investment in proven solutions to close the gender digital divide.

    “The gender digital divide hinders development progress—ingraining existing inequities into the fabric of societies of the future, creating a self-perpetuating cycle that drives further disparities. We need a future in which women are empowered to participate as equal citizens in our increasingly digital world. We look forward to working together to achieve that vision,” said Samantha Power, Administrator, USAID.

    “I’m proud of our support for the Women in the Digital Economy Fund. Overcoming the gender digital divide is crucial to unlock the potential of women in the digital era. By increasing women’s participation in digital technology, we’re aiming not just to change their status from consumers to creators and leaders; we’re working to forge a path to a future where everyone benefits,” said Anita Zaidi, President of the Gender Equality Division at the Bill & Melinda Gates Foundation.

    This event, which brought together leaders from across the public and private sectors and civil society worldwide, was an opportunity to celebrate the start of this effort and learn about how WiDEF will implement its ambitious vision. Representing the Biden-Harris Administration at today’s kickoff event was Rachel Vogelstein, White House Gender Policy Council Deputy Director.

    Advancing access to digital technology for all women and girls is critical to achieving the United Nations’ Sustainable Development Goals. This will help ensure that everyone has access to economic opportunities and advancement as well as government services, education, and healthcare.

    In low- and middle-income countries, nearly one and a half billion women lack access to online services. Through 2022, there were 259 million more men than women globally using the internet; a gap that has cost the global economy an estimated $1 trillion. Closing the gender digital divide would increase economic activity by an estimated $524 billion by 2025.

    WiDEF is administered by consortium partners CARE, the Global Digital Inclusion Partnership (GDIP), and the GSMA Foundation. The consortium will collaborate with industry-leading organizations to effectively engage local and global private sector actors and funders to advance a shared set of commitments to closing the gender digital divide.

    “WiDEF is about putting millions of women at the centre of connectivity and information programming. CARE brings our strength in locally-led, gender-centered programming in over 100 countries to the effort. The consortium’s collective focus on technology, policy, and gender advocacy offers the greatest opportunity yet to create and sustain an internet that works for the women who could most benefit from it,” said Revi Sterling, WiDEF Technical Director and CARE Senior Technical Director, Digital Inclusion.

    “Launching WiDEF is indeed a special moment, one that reflects real commitment and determination to address the stubborn gender digital divide and open the possibilities for women in the digital economy. GDIP is committed to women’s digital inclusion, and we look forward to advocating alongside our global partners to advance this collective effort,” said Sonia Jorge, GDIP Executive Director.

    “Closing the gender digital divide has been at the centre of the GSMA Foundation’s work for over a decade, and we are extremely honoured to play an active role in the management of the Women in the Digital Economy Fund. We now look forward to receiving applications to the first round launched today, and to the further two rounds to be announced later this year, focused on large private sector actors, and India specifically,” said Max Cuvellier Giacomelli, Head of Mobile for Development, GSMA.

    WiDEF will support and fund programs that advance digital access and affordability; develop relevant products and tools; provide digital literacy and skills training; promote online safety and security; and invest in sex-disaggregated data and research. It will support, wherever possible, women-led and gender-transformative solutions, products, and tools and will invest heavily in ensuring the voices and institutions closest to the gender digital divide are central to the effort.     

    As part of today’s event, WiDEF announced the first call for applications, inviting local institutions worldwide to apply to receive WiDEF funding and support. Applications are due by May 6, 2024.

    In addition to financial support from USAID and the Bill & Melinda Gates Foundation, funding is also being provided by Microsoft and the Korean International Cooperation Agency. #USAID, Bill & Melinda Gates Launch Women in Digital Economy Fund

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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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