February 6

African Development Bank’s AFAWA Hits $1 Billion Investment Milestone in Lending to Women Entrepreneurs in Africa

The African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) initiative has reached a landmark $1 billion in approved funding designated for lending to African women entrepreneurs.

This is yet another milestone for the bank following an historic summit last week to tackle the escalating challenges of food security in Africa. The Dakar 2 Africa Food Summit, co-hosted by the Bank and the Government of Senegal, was attended by 34 heads of state and government, more than 70 ministers, farmers’ representatives from the private sector and development partners.

AFAWA was launched in 2015 in Dakar during the first Feed Africa conference (Dakar 1 Africa Food Summit).

Photo courtesy of Stars Foundation.

Source: African Development Bank Group (link opens in a new window)

food security, lending, women entrepreneurs