The Economic Community of West African States , Common Market for Eastern and Southern Africa , and East African Community , have concluded plans to connect about 50 million African women in business in the continent.
The deal is based on financing by the African Development Bank , and bridging the gap for women entrepreneurs across business value chains in sub-Saharan Africa, estimated at about $42 billion. The initiative, which was unveiled during the Global Gender Summit in Kigali, primarily aims to help economically empower women by providing a one-stop shop for financial and non-financial services.
The statement read in part: “We believe that the creation of this platform is a very practical way of speaking to the general agenda of empowering women, and now we have come to a stage where we have practical initiatives such as this.”
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