The African Development Bank (AfDB) has revealed that one-third of all registered small businesses in Africa are owned by women.
However, Africa’s women entrepreneurs face an estimated $42bn financing gap.
Therefore, the Affirmative Finance Action for Women in Africa (AFAWA) Guarantee for Growth Programme is unlocking up to $3bn in loans for women-led small and medium enterprises.
The AFAWA programme is built on three pillars: Finance, Technical Assistance and Enabling Environment.
DYK: Women represent one-third of all registered small businesses in #Africa.
Find out how the African Development Bank, through the #AFAWA Guarantee for Growth program, aims to unlock up to $3BIL in financing for women-owned SMEs. #IWD2021 https://t.co/GItpYxyc7D
— African Development Bank Group (@AfDB_Group) March 8, 2021
Amaka E. Nliam
