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Abidjan - Launch of the program "Investing for women in the agri-food sector": more than 3 billion FCFA for women entrepreneurs

Julie Muyela financial director of Aecf Africa said: "Our goal is to double our impact (US $ 216 million). But to get there, we will increase activities in agri-food and renewable energy. " For her, this program will give women access to financial instruments in the field of agriculture and agribusiness, sectors where inequalities are widely observed.

CAs announced few days ago, Africa Enterprise Challenge Fund (AECF) proceeded this Tuesday, September 18, in Abidjan-Plateau, at the launch of its program "Investing for women in the agri-food sector". This program concerns companies operating in specific agricultural value chains for women, including cashew nuts, shea nuts, cassava, oil palm, vegetable products and rice.

With a fund of CFAF 3 billion for the moment, the program could be funded by additional resources of 28 billion F CFA (US $ 50 million) in the coming years. According to the ambassador of Great Britain in Côte d’Ivoire, Joséphine Gault, the pilot phase "Investing for women in the agri-food industry" starts in Côte d’Ivoire, then travels through Burkina Faso, Ethiopia and Sierra Leone. She explains that with the support of Great Britain, AECF has a fund of 310 (174.84 billion FCFA) to help companies innovate and create jobs. Asserting that during the recent visit of British Prime Minister Theresa May to Africa, there was talk of a new partnership with African countries. This action of the AECF, according to her, is to be supported because it will make it possible to generate employment for the women. Who are underrepresented in the field of agriculture.

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Crédits: AK-Project