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AfDB, FCMB READY $50m FOR SME’s, WOMEN’s BUSINESSES

The African Development Bank, AfDB, has signed a $50 million Line of Credit Agreement with Nigeria’s First City Monument Bank (FCMB) to support access to finance for small and medium-sized enterprises (SMEs), as well as women-empowered businesses (WEBs). FCMB will use the proceeds of the Line of Credit to finance SMEs and WEBs in Nigeria’s […]

AFRICAN DEVELOPMENT BANK’S AFAWA INITIATIVE ASKS BUSINESS ENABLERS TO APPLY FOR A SECOND ROUND OF FUNDING TO SUPPORT AFRICA’S WOMEN-LED BUSINESSES.

The African Development Bank Group’s Affirmative Finance Action for Women in Africa (AFAWA) initiative is launching its second call for proposals for the Women Entrepreneurship Enablers program, targeting women’s business associations, incubators, accelerators, women-led cooperatives, and civil society organizations that promote the development of women entrepreneurs on the continent. AFAWA is offering grants of up […]