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African Development Bank gives out loan of $50 million to female entrepreneurs

 

African Development Bank donates over $50 million in elevating the growth of female entrepreneur businesses. The provided solution was due to the adverse effect of Covid-19 pandemic on businesses.

AfDB will provide loans to female entrepreneur in Nigeria to render support in building their businesses for further growth. Aside from this, the Affirmative Finance Action for Women in African intiative and Women Entrepreneurship Finance Initiative will also be giving out $200,000 grant also based on the reasons stated above.

AfDB focus is on the women, due to limitations placed around them in financial opportunities.

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