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African Development Bank (Abidjan)

G7 Leaders Provide Bank's Afawa Initiative With $251 Million

French President Emmanuel Macron and G7 leaders on Sunday approved a package totalling $251 million in support of the African Development Bank's AFAWA initiative to support women entrepreneurs in Africa.

Photo: AfDB

The AFAWA initiative, backed by the G7 nations, is based on three fundamental principles. The first is to improve women’s access to financing through innovative and adapted financial instruments, including guarantee mechanisms to support women entrepreneurs.

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