AfDB Initiatives To Support 500 Women Entrepreneurs In Nigeria, Others
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 partnered to assist 500 women in Small and Medium Scale Enterprises (SMEs) in Nigeria and other African countries.
Priority would be given to those in technology, agriculture & agribusiness, creative industry, e-commerce, renewable energy, manufacturing, retail, construction, and logistics sectors.
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.
The two-year programme will create a profitable pipeline of investable businesses ready to access finance.
The programme is organised under components including AWIEF Growth Accelerator (in partnership with Nedbank) – to enhance investment readiness and increase access to finance.
WSMEs are registered and operating in Nigeria, Kenya, South Africa, Zambia, Rwanda, Malawi, Tanzania, and Zimbabwe.