Where We Work


Our partners in Africa span across sixteen markets. Nigeria is a priority market where we have made deep investments in engaging with regulators and over a dozen financial service providers.
Primary Problem We’ve Set Out to Address

Usage and Engagement for Underbanked

Nigeria has a significant un- and underbanked market and reliance on a population of primarily self-employed and economically active women, with limited economic opportunity. Today, the financial inclusion gender gap in Nigeria is substantial, with only 35% of women and 55% of men having access to financial services. Credit, relative to access to and use of other products, presents a significant opportunity with fewer than 10% of Nigerians having formal credit.

Women’s World Banking seeks to increase usage and engagement of financial services to which women already have access, and drive access to the financial services that will support the vibrant and significant MSME populous.

How We're Addressing the Problem

Our policy advisory approach is to support regulators such as The Central Bank of Nigeria in the development of policies and implementation frameworks that will drive women’s digital financial inclusion. From a financial service provider (FSP) perspective, we have aligned with their strategic priorities that have the reach to impact at a scale to match our ambitions, and crafted new approaches to sustainably replicate proven solutions. One example is the cohort approach where groups of FSPs are taken through a program that teaches them how to implement the solutions, thus requiring less intensive, direct advisory involvement from Women’s World Banking.

What We Are Doing

Our activities fall into 4 focus areas.

  • Drive savings mobilization and account activation
  • Leverage remittances as an onboarding mechanism to drive account
  • Provide access to capital for women-owned MSMEs
  • Support resilience building through insurance

Results We Are Seeing

  • To date we have reached 510k women through our insurance, MSME and youth focused programs.
  • In 2019, under our guidance, the CBN revised its framework for women’s financial inclusion and introduced eight strategic priorities, with a Community of Practice approach to driving progress in the 8 areas.
  • We have worked with a cohort of three commercial banks and a microfinance bank to develop and implement customized replications of the Bank of Baroda (India) savings mobilization solution. As at December 2022, three commercial banks launched their pilot programs and the fourth is scheduled to launch in Q1 2023.
  • We are working Access bank, the largest pan-African retail bank, to develop a solution that leverages its network as a springboard to drive financial inclusion of remittance recipients.

Our Africa Team

Ade Ashaye

Regional Head

Emezino Afiegbe

Relationship Management

Onyeka Akpaida

Relationship Management

Jennifer Iwueze

Evidence and Insights

Gilles Renouil

Network Engagement

Anne-Sophie Triboulet

Project Management

Our Regional Partners


  • Access Bank Nigeria
  • Bank of Industry – Nigeria
  • First Bank of Nigeria
  • Sparkle Microfinance Bank – Nigeria
  • Sterling Bank – Nigeria
  • Wema Bank – Nigeria
  • Accion MFB h. Fidelity Bank i. Ecobank
  • Opay
  • Stanbic IBTC
  • FCMB
  • Carbon


  • Lead


  • Equity Bank Limited
  • Kenya Women Microfinance Bank Limited
  • Mosabi d. Pula
  • KCB


  • Access Bank Ghana
  • Mosabi Kenya
  • People’s Pension Trust


  • Access Bank Mozambique
  • Hiveonline


  • Access Bank Rwanda
  • Hiveonline Rwanda

South Africa

  • Access Bank South Africa
  • Tyme Bank – South Africa


  • Association Al Amana – Morocco


  • Caisse Coopérative d’Epargne et de Crédit Mutuel (CECM) – Burundi


  • Finance Trust Bank – Uganda
  • Hiveonline


  • Access Bank Zambia
  • Hiveonline – Zambia
  • Mosabi – Zambia


  • MaTontine – Senegal
  • MyAgro – Senegal
  • Baobab


  • Mosabi – Malawi

Sierra Leone

  • Mosabi – Sierra Leone


  • MyAgro – Mali, Senegal, Tanzania
  • NMB – Tanzania


  • Poverty Eradication & Community Empowerment (PEACE) MFI S.CO


Central Bank of Nigeria


Central Bank of Egypt

Financial Regulatory Authority


Bank of Ghana

National Insurance Commission


Banco de Moçambique


Ministry of Finance and Budget


National Bank of Rwanda


Central Bank of Eswatini


Central Bank of Lesotho


Bank of Zambia


Reserve Bank of Zimbabwe

  • Nielsen
  • Ipsos
  • Qualiquant Services LTD

Case Studies

case study Cohort Replication

Cohort Replication

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case study Diamond Bank

Diamond Bank

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