June 22

African Development Bank Group Initiative to Increase Finance for Women SMEs in Nigeria, Others

The Africa Women Innovation and Entrepreneurship Forum (AWIEF) and the Affirmative Finance Action for Women in Africa (AFAWA) initiative of the African Development Bank Group (AfDB) have joined forces to drive increased access to finance and markets for women-owned and women-led small and medium enterprises (WSMEs) across Southern, East and West Africa.

The new AfDB-funded AWIEF programme Solutions Catalysing Increased Access to Capital for the Success of Women Entrepreneurs aims to accelerate efforts to address gender inequality and drive inclusive economic transformation.

More than 500 growth-oriented women SMEs will be supported for scale, access to markets and investment readiness across eight African countries: Nigeria, Kenya, South Africa, Zambia, Rwanda, Malawi, Tanzania, and Zimbabwe.

Photo courtesy of PICHA.

Source: Business Post (link opens in a new window)

financial inclusion, women entrepreneurs