• Female focus

    Female focus

    African women working in the investment arena have received a US$60 million boost.

    The African Women Impact Fund – a joint initiative involving the AU Commission, Economic Commission of Africa, UN and other parties – announced its first funding commitment at the Global Africa Business Initiative in New York last week.

    Africa Business Communities reports that the fund has a dual focus of empowering African women in the investment sector and ensuring commercial impact for investors.

    The fund has an eventual goal of raising US$1 billion over the next decade for female fund managers, who in turn are expected to invest in high-impact sectors and projects across Africa, thus stimulating the economy in the region.

    27 September 2022
    Image: Gallo/Getty Images