The African Development Bank, AfDB says Governing Committee of the Women Entrepreneurs Finance Initiative, We-Fi has approved sixty one point eight million dollars funding allocation for its Affirmative Finance Action for Women in Africa, AFAWA programme.
The Communication and External Relations Department of the bank made this known in a statement in Abuja.
We-Fi is a partnership among 14 donor governments, eight multilateral development banks, and other public and private sector stakeholders, established in October 2017 and hosted by the World Bank Group.
The statement reported Vanessa Moungar, the bank’s Director for Gender, Women and Civil Society as making the announcement recently.
It also quoted the Director as saying that the substantial support from We-Fi, would help us scale up their actions and achieve greater results for women entrepreneurs across the continent.
According to Moungar, the programme’s activities will be implemented in Niger Republic, Nigeria, Botswana, Burundi, Chad, Comoros, Côte d’Ivoire, Democratic Republic of Congo, Ethiopia, Kenya, Mali and Mauritania among others.