Flourish Africa N1billion fund has announced the introduction of a N1billion fund to support and promote African female-owned businesses
According to a statement released on Thursday, the female empowerment platform, Flourish Africa N1billion fund was developed by Mrs. Folorunsho Alakija, a Nigerian businesswoman and philanthropist, to assist women to reach their full potential.
The project, according to the release, will assist the entrepreneurial activities of at least 2,500 female-owned enterprises over a five-year period by providing cash and organized training.
On my 70th birthday, I am delighted to announce the inauguration of the Flourish Africa N1 billion fund as a present to industrious and innovative women. This project would economically and socially empower women for the benefit of their immediate families and society, according to Alakija.
She stated that a minimum of 500 female entrepreneurs would be educated each year, after which the top 100 achievers from the pool would be eligible for grants of up to N2 million each from a N200 million annual fund.
She expressed her excitement for the effort, saying she was looking forward to empowering one lady at a time because she feels women are an important component of African development.
She reaffirmed her commitment to empowering as many African women as she could.
Flourish Africa N1billion fund’s major goal, according to Alakija, is to create an enabling platform that gives female entrepreneurs skill development, mentoring, and access to the marketplace.
“If a group of like-minded individuals who have a shared objective and purpose pool together and make an effect, women have the capacity to flourish,” she said.