Entreprenuer Tsitsi Masiyiwa has partnered with Melinda Gates and Co-Impact to launch a $1-billion gender fund to advance global equality and women’s leadership.
The initiative aspires to reform institutions to be more equitable and inclusive regardless of gender, class, ethnicity, or color.
Masiyiwa said: “There is no ‘one’ intervention, organization, or solution that can address every single barrier that is preventing women from living equitable and fulfilling lives.”
“Gender inequality exists and manifests differently in every country, sector, and society around the world. The idea is that each component of the wider ecosystem has its part to play and is therefore eligible for Gender Fund support,” she said.
The initiative also includes Indian businesswoman Roshni Nadar Malhotra and U.S. philanthropists MacKenzie Scott.
Co-Impact, a global organization led by a world-class advisory committee of professionals in women’s rights, finance, social change and activism, will lead the $1-billion fund.
The fund will be used to advance women’s power, agency and leadership at all levels, resulting in more women leading at all levels.
