AfDB Disburses $1 Billion to Women-Led Enterprises in Africa
The African Development Bank (AfDB) says it has so far disbursed $1 billion to women-led enterprises as part of the bank’s efforts to bridge the financing gap among women entrepreneurs.
The Director General, AfDB, Nigeria Country Department, Dr. Abdul Kamara made the disclosure in Abuja yesterday at the High-Level Dialogue on Investment in Gender Equality and Ending Violence Against Women for Rights and Development organised in partnership with the United Nations Women (UN Women).
He said “The AfDB seeks to bridge the financing gap of $46 billion currently hindering women from accessing financing for their businesses. As part of the efforts, the bank has disbursed $1 billion to different women led businesses in Nigeria and parts of the continent to empower them and boost their businesses, thereby contributing to economic growth.
“Subsequently, all our products and policies in Nigeria are targeted towards gender inclusivity for women and youths to boost market access and skills, which is why recently, we launched a $100m youth entrepreneurship investment fund for Nigeria,” he highlighted.
