Alakija launches N1bn fund to promote female entrepreneurship

Please check your E-mail inbox or spam to confirm.

Flourish Africa has announced the launch of a N1bn facility to fund and promote female-owned businesses in Africa.

The female empowerment platform, founded by a Nigerian businesswoman and philanthropist, Mrs Folorunsho Alakija, was designed to help women achieve their full potential, according to a statement on Thursday.

JOIN US FOR MORE ON:
or

The statement said the initiative would focus on supporting the entrepreneurial activities of at least 2,500 female-owned businesses through funding and structured training over a period of five years.

“I am happy to launch the Flourish Africa N1bn fund on my 70th birthday as a gift to hardworking and enterprising women. This initiative will empower women economically and socially for the benefit of their immediate families and the society,” Alakija said.

She said a minimum of 500 female entrepreneurs would be trained annually, after which 100 best performers from the pool would be able to access grants of up to N2m each from an annual fund of N200m.

Expressing her enthusiasm about the initiative, she said she looked forward to empowering one woman at a time as she strongly believes that women are a crucial part of African development.

She reiterated her commitment to empowering as many women as possible in Africa.

According to Alakija, the main objective of Flourish Africa is to create an enabling platform that provides skill development, mentoring and access to marketplace for female entrepreneurs.

“Women have the potential to flourish, if a community of like-minded individuals who share a common goal and purpose pool together and make impact,” she said.

Source: Punch.

FREE ACCESS: How to run and manage Facebook, Instagram Ads: Meta Business Management

Free Meta Business Management Course


DISCLAIMER: Do not pay or release sensitive financial details to any organizer/recruiter unless futher verified from your end.
Easter Hunt Sale
Easter Sale
Micheal Ace

About the Author: Micheal Ace

Simply Ace, Founding Editor & CEO of ACEworld Publishers. I'm obsessed with growth. Join me on Twitter .

Got a question/Suggestion? Let's talk!

LATEST OPPORTUNITIES:

🕛 Feb 15, 2023
Cornell University Africa Fund for PhD Students 2022
in Fellowships | for Africans

🕛 Feb 15, 2023
STIAS ISO LOMSO Fellowships for African Researchers 2023
in Fellowships | for Africans

🕛 Mar 01, 2023
Call for Nominations: MSAF Mahathir Science Award 2023
in Awards & Prizes | for Innovators

🕛 Mar 01, 2023
James Madison 2022 Graduate Fellowships in USA [$24,000 per Annum]
in Fellowships | for Post Graduates

🕛 Mar 01, 2023
Study in Norway: BI Presidential Scholarships 2023-2024 for International Masters Students
in Masters Programs | for Post Graduates

🕛 Mar 28, 2023
Biomimicry Institute Youth Design Challenge Worldwide
in General Competitions | for Youths

🕛 Mar 31, 2023
ICGEB Arturo Falaschi PhD Fellowships 2023
in Fellowships | for Post Graduates

🕛 Mar 31, 2023
Leventis Fellowship at SOAS, University of London For Nigerian Academics 2022
in Fellowships | for Nigerians

🕛 Apr 01, 2023
Wergle Flomp Humour Poetry Contest 2022/2023 ($3,500 in prizes)
in General Competitions | for Everyone

🕛 Apr 10, 2023
Geneviève McMillan-Reba Stewart Foundation Scholarship for Undergraduate African Students 2023
in Scholarships | for Africans

8 9 10 11 12 13 14