On the sidelines of the 5th edition of the African Regional Forum on Sustainable Development, the Kingdom of Morocco launched in Marrakech the African Fund for Women’s Leadership, which aims to strengthen women’s economic empowerment by facilitating women’s empowerment. Emergence of Women Fund Managers, Facilitating Access for African Women and Co-operatives to Sustainable Capital and Reducing the Barriers Faced by Women Asset Managers Wishing to Invest in Women-owned and -controlled Enterprises, report Media.
Based on a call from the African Women Leaders Network (AWLN), the Fund was set up by the Economic Commission for Africa under the leadership of the UN Deputy Secretary-General, the President of the African Union (AU), and with the support of the UN-Women Agency, the Office of the Special Envoy for Women, Peace and Security of the AU Commission and the AWLN Network.
Over the next decade, the fund aims to invest up to US $ 500 million in businesses run by African women.
The Fund is based on the presentation of technical assistance to accelerate the learning curve of fund management and support growth and expansion, provision of seed capital to develop a balance sheet and accelerate fundraising, scale and focused on the sustainability and scalability of the platform.