AfDB Rolls Out $251m Support For African Female Entrepreneurs

Sunday, September 08, 2019   /  07.30PM /  Nifemi Taiyese  for Proshare WebTV / Header Image Credit: PC Tech Magazine

In our review of key developments that occurred in the MSME space for the week September 2^nd to September 7^th, 2019 The African Development Bank, AfDB last week rolled out $251m as part of the Affirmative Finance Action for Women in Africa (AFAWA) initiative to support women entrepreneurs in Africa.

This is an assistance package from the G-7 leaders to boost gender inclusion in Africa through entrepreneurship.

It is designed to improve the accessibility of funds to teeming female entrepreneurs across Africa, to empower them to contribute to their respective economies.

Other key developments that occurred in the week in review, include;

Access Bank Partners LSETF On N10bn Women Entrepreneurship Initiative

Access Bank of Nigeria last week partnered the Lagos State Employment Trust Fund, LSETF with loan support to the tune of N10bn that will focus on the women owned business, operating from 1-5 years.

The GMD/CEO of Access Bank Mr Herbert .O. Wigwe in his remarks asserted that the bank was fully committed to bridging the existing gap and provide women with the support they need to successfully implement their business ideas.

CAC Company Registration Portal Resumes Operations For MSMEs, Others

The Corporate Affairs Commission, CAC announced the resumption of its Company Registration Portal to serve Micro Small and Medium Enterprises and the entire public.

It regretted the inconveniences the disruption of the service caused which was due to an upgrade carried out by the company.

Nassarawa State Set to Access CBN 1.5bn Fund to Support Agric Entrepreneurs

The Governor of Nassarawa state last week revealed that plans have been finalised to access about N1.5bn Central Bank of Nigeria funds, to support young Agric entrepreneurs in the state.

This will help to boost Agri-business and the entire value chain in the state and also create job opportunities for young  people in the state.

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