AFAWA, AGF invest US$2bn in women-owned SMEs through de-risking and technical assistance measures

AFRICA – The African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) program has partnered with the African Guarantee Fund (AGF) to provide US$1.3 to 2 billion loan for women-owned Small and Medium Sized Enterprises (SMEs) in Africa. This move, which will work with financial institutions to enhance their ability to lend to women, signals the launch of AFAWA’s Guarantee for Growth (G4G) program. The program aims to make available up to US$3 billion in financing for women entrepreneurs through de-risking and technical assistance measures. Already, financial institutions…

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AfDB secures US$251m to support women entrepreneurs in Africa

AFRICA – The African Development Bank (AfDB) through its Affirmative Finance Action for Women in Africa (AFAWA) initiative has secured US$251 million financial package to support women entrepreneurs. The financial commitment was revealed during this years G-7 summit, Held in in Biarritz, Nouvelle-Aquitaine, France.  The 2019 G7 summit held in Biarritz, France, committed to boost women entrepreneurs in Africa through AFAWA, a joint initiative of African Development Bank (AfDB) and the African Guarantee Fund (AGF) with French President Emmanuel Macron announcing the move. Led by the president of France President…

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