Of the more than $1 billion that is planned for the initiative, the U.S. Agency for International Development and the Bill & Melinda Gates Foundation will invest $60 million in a digital economy fund, with at least $30 million of that total dedicated to Africa.
Private sector investments, including almost $400 million devoted to closing the gender digital divide, and $528 million for economic empowerment for women in Africa, will make up the bulk of total investments.
“Globally, approximately 260 million more men than women were using the internet in 2022—and this gap has increased by 20 million in the last three years,” The White House notes in its factsheet. “The gap is especially acute across Africa, where International Telecommunication Union data show that sixty-six percent of women do not use the internet.”
Read the full statement from the White House.