Audio By Carbonatix
Benin diva Angélique Kidjo has managed to secure hundreds of millions of dollars funding from the G7 world leaders for female entrepreneurs in Africa.
She was at the summit in the French resort in Biarritz along with the leaders of Canada, France, Germany, Italy, Japan, the UK when she secured $251m (£226m).
To put that into perspective, the leaders agreed to spend $22m on fighting the fires in the Amazon - something that French President Emmanuel Macron made a priority of the summit.
She spoke at the summit in her capacity as the ambassador for a women’s finance project at the African Development Bank, called Affirmative Finance Action for Women in Africa.
This fund is all about helping women into business and then helping them grow their businesses.
Africa has the highest percentage of female entrepreneurs in the world, meaning one in four women start or manage their own business, according to the Global Entrepreneurship Monitor (GEM) 2016/17 Women’s Report.
Kidjo said the priority is for small-scale entrepreneurs to get access to credit: “My primary focus is women in the rural areas, the women of the market and the women who are not easy to reach out to... Women of the markets don’t trust banks because they are not welcome in any banks."
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Matthew McConaughey trademarks iconic phrase to stop AI misuse
2 hours -
Song banned from Swedish charts for being AI creation
2 hours -
Barcelona reach Copa del Rey quarter-finals
2 hours -
Players need social skills for World Cup – Tuchel
2 hours -
Labubu toy manufacturer exploited workers, labour group claims
2 hours -
Lawerh Foundation, AyaPrep to introduce Dangme-language maths module
2 hours -
US forces seize a sixth Venezuela-linked oil tanker in Caribbean Sea
3 hours -
Votes being counted in Uganda election as opposition alleges rigging
3 hours -
Ntim Fordjour accuses government of deliberate LGBT push in schools
3 hours -
National security task force storms ‘trotro’ terminals to halt illegal fare hikes
3 hours -
U.S. visa restriction development for Ghana concerning – Samuel Jinapor
3 hours -
Uganda election chief says he has had threats over results declaration
3 hours -
Quality control lapses allowed LGBT content into teachers’ manual – IFEST
3 hours -
Akufo-Addo’s name will be “written in gold” in Ghana’s history in the fullness of time – Jinapor
3 hours -
Tread cautiously about financial hedging – US-based Associate Professor to BoG
3 hours
