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Browsing: Investing in Women in Africa
Women entrepreneurs from Africa have a reason to smile following a move by the African Development Bank Group to launch a project seeking to enhance viability and sustainability of these businesses.
While all countries will be considered, preference will be given to proposals implemented in the following countries: Cameroon, Congo, Democratic Republique of Congo, Gabon, Kenya, Lesotho, Madagascar, Malawi, Morocco, Mozambique, Senegal, South Africa,Tanzania, Rwanda and Zambia to align with the ongoing Affirmative Finance Action for Women in Africa (AFAWA) Guarantee for Growth Program pipeline.
The AFAWA program dubbed allows entrepreneurship enablers, which include business associations and civil society organizations, play an important role in empowering women to establish bankable SMEs and other businesses.
However, the enablers themselves often face challenges, such as long-term growth plans and lack of financing, which reduce their reach, impact and sustainability.
Funding requests may be for a specific project or for an indicative program …