Gender Resources

Alakija Launches N1bn Fund for Female-Owned Businesses

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Nigerian Businesswoman and Philanthropist, Mrs Folorunsho Alakija, has through her female empowerment platform, Flourish Africa, announced the launch of a N1bn facility to fund and promote businesses owned by women in Africa.

The initiative latched onto by Alakija is designed to help women achieve in business. The platform plans to support at least 2,500 female-owned businesses in their entrepreneurial journey through funding and structured training over five years.

Speaking on the initiative, Alakija expressed her joy at the benefits the program promises through the funds provided.

“I am happy to launch the Flourish Africa N1bn fund on my 70th birthday as a gift to hardworking and enterprising women. This initiative will empower women economically and socially for the benefit of their immediate families and the society” she said.

Alakija noted that women have the potential to flourish if a community of like-minded individuals who share a common goal and purpose pool and make an impact. Using the medium, she reiterated her commitment to empowering as many women as possible in Africa.

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