Categorized | SMMEs, Women

Geraldine Fraser-Moleketi launches women empowerment fund

fraser-moleketi

Lack of access to funding has been one of the biggest obstacles that hinder women from venturing into

businesses. And, without doubt, the launch of the Affirmative Finance Action for Women in Africa (AFAWA) is just what businesses-minded African women have long yearned for.

Launched by Geraldine Fraser-Moleketi at the African Development Bank’s (AfDB) Annual meeting in Lusaka, Zambia, the $300-million (R26-trillion) empowerment fund, the Affirmative Finance Action for Women in Africa (AFAWA), is specifically designed to help female-owned businesses on the continent with finance in order to thrive.

According to Moleketi, over and above, providing access to finance, AFAWA would assist with addressing the skills gap in female entrepreneurs.

Seen as an alternative financing institution, AFAWA was officially launched at the African Development Bank’s (AfDB) annual meetings in Lusaka, Zambia.

Speaking on the sidelines of meetings, Fraser-Moleketi said she had worked tirelessly for more than five years to ensure that AFAWA was finally started and became a success.

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2 Responses to “Geraldine Fraser-Moleketi launches women empowerment fund”

  1. Wilma Busse says:

    We have a entrepreneurial skill development company I ❤️ Sewing
    This is an level 2 accredited program and we would love to use it for skill development
    having women start there own sewing academy( SMME”S ) teaching other to sew
    This will make a huge difference in so many women’s life’s as not only is the
    women who teach earning a salary BUT also the ladies who learn the skill to sew
    can either after they are trained and are competent sewers start there own sewing academy, start making clothes to sell OR go on to college and so start an career in fashion design
    We and this women will need funding to have hundreds of women earning an income and by doing that
    They can put food on there table and make a difference in there communities
    Please contact me – together we can make a difference in not only South Africa BUT the whole Aftica
    Regards

  2. Aletta says:

    How do one access these funds. What are the criteria?

    Thanks.

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