UNECA launches African fund to support women entrepreneurs
Tuesday, 23 April 2019 14:24
The UNECA announces the launch of an African fund dedicated to women entrepreneurs.
This fund plans to raise up to $500 million in the ten coming years for investments in firms managed by African women.
For the time being, there is no information on the firms that will benefit from the financing or the volume of funds they will receive.
Apart from facilitating women’s access to financial resources, the fund will provide asset management training and technical support to women.
According to a report published by consultancy firm Roland Berger in September 2018, African women entrepreneurs have the highest business creation rates in the world. However, they experience funding gaps estimated at $42 billion (report published by A2F Consulting in 2016).
Chamberline Moko
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