AfDB to unlock $3bn in financing for women entrepreneurs
Published 09 Mar,2021 via BizWatchNigeria - Against the backdrop of the International Women’s Day celebration, the African Development Bank (AfDB) is set to unlock up to $3 billion for women entrepreneurs in Africa.
The bank aims to achieve this through the Affirmative Finance Action for Women Entrepreneurs in Africa (AFAWA).
Spurred by the need to reduce the arduous process of accessing loans, AFAWA looks to aid African women entrepreneurs to obtain loans to finance their businesses, as they “contribute significantly to economic development and financial integration in Africa through job creation,” according to the AfDB.
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