In 2019, with an estimated 250 million women in Sub-Saharan Africa facing financial exclusion, under the French Presidency, the G7 Partnership for Women’s Digital Financial Inclusion in Africa (G7P) was created to promote social equality and reduce the digital gender divide by realizing the value of digital financial services and supporting African governments, regulators, banks, and financial institutions to build more gender-inclusive, sustainable, and responsible digital financial systems. The G7P brings together a myriad of existing institutions working in Africa on complementary issues of research, investment, and regulation around digital finance and its potential benefits for women. This report addresses the request from the French G7 Presidency to support greater transparency and accountability across G7 initiatives. This year’s report focuses on the theme of “trust” and offers reflections on the progress of the collaborative in its second full year of implementation and provides recommendations for improving its collective impact.

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An estimated 400 million people in Sub-Saharan Africa lack a financial account, and 60% of these individuals are women. And while the rise of the digital financial services (DFS) sector has the potential to disrupt old gender divides, a number of barriers still need to be overcome. In 2019, the G7 recognized the potential of DFS for promoting its mission of social equality. This commitment resulted in the creation of The G7 Partnership for Women’s Digital Financial Inclusion in Africa (G7P) which draws financial contributions from France, the UK, and the Gates Foundation and implementation strength from the World Bank, UNCDF, AFDB, Oxford School, AfDB, and J-PAL. This report tracks the implementation progress of the partnership and offers suggestions to improve partnership performance.

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