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.Share this article on Social Networks