AfDB

AfDB to Increase Funding to $2 Billion for Women-Owned Small Businesses

Through its Affirmative Finance Action for Women in Africa (AFAWA) initiative, the African Development Bank (AfDB) has announced plans to boost its finance support for women-owned small companies from $1.7 billion to $2 billion. At a workshop on bankable business ideas for young people and women in agriculture held in Abuja on Monday, Marie Akin-Olugbade,…

AfDB

AfDB Unveils Incubation Centre at Kenya’s PAUSTI University

At the Pan African University Institute for Basic Sciences Technology and Innovation (PAUSTI), the Incubation Centre of Excellence, funded by the African Development Bank (AfDB), has opened its doors in an effort to foster and foster innovation, creativity, entrepreneurship, and connections with the private sector. Four master’s and PhD programs are offered through PAUSTI, a…

agriculture

AfDB approves $150m to support agriculture in Africa

The African Development Bank Group (AfDB) has approved a $150 million facility for ETC Group Limited to address the company’s working capital needs and to develop its agriculture value chain, which will benefit smallholder farmers. The AfDB stated that the investment would take the form of a trade and agri-finance package, including a $75 million…