Sign In
  • Africa
  • Trump
  • African
  • Guardian
  • Mail
  • South
logo
  • Home
  • Ghana
  • Africa
  • World
  • Politics
  • Business
  • Technology
  • Sports
  • Entertainment
  • Health
  • Crime
  • Lifestyle
Reading: Making Capital Work for African Women: Closing the gender financing gap alongside the African Development Bank Group
Share
African News HeraldAfrican News Herald
Font ResizerAa
Search
  • Home
  • Ghana
  • Africa
  • World
  • Politics
  • Business
  • Technology
  • Sports
  • Entertainment
  • Health
  • Crime
  • Lifestyle
Follow US
© 2024 africanewsherald.com – All Rights Reserved.
African News Herald > Blog > Business > Making Capital Work for African Women: Closing the gender financing gap alongside the African Development Bank Group
Business

Making Capital Work for African Women: Closing the gender financing gap alongside the African Development Bank Group

ANH Team
Last updated: June 1, 2025 1:10 am
ANH Team
Share
SHARE

Empowering Women Entrepreneurs in Africa: A Collaborative Effort

By Carmel Kistasamy, Sector Head: Development Finance, Absa CIB

Busisiwe Mdletshe’s journey from a small business owner to a strategic chief executive is a testament to the transformative power of investment in women entrepreneurs. Leading NetVest, a financial services provider in South Africa, Mdletshe emphasizes the importance of continuous investment, not just financially, in order to scale her business and unlock her full potential as a leader in the finance sector.

Through targeted loans and flexible overdraft facilities, Mdletshe was able to secure the working capital needed for operational stability while also participating in skills development programs like the Fetola’s Emerging Entrepreneurs Mentorship Programme and the International Executive Leadership Programme at the Frankfurt School of Finance and Management. These initiatives equipped her with executive-level skills, enabling NetVest to pursue larger clients and more complex projects.

Mdletshe’s success story reflects a global effort to close the gender financing gap, as highlighted by the World Economic Forum’s findings on the disparity in financing for women-run SMEs. While progress has been made, there is still work to be done to ensure equal access to capital for women entrepreneurs across the continent.

Recognizing the significance of investing in women-led businesses, Absa has partnered with the African Development Bank (AfDB) to launch a transformative multibillion-rand financial package aimed at supporting underserved segments, with a strong focus on women entrepreneurs. This partnership includes sustainability-linked loans, non-financial support for capacity building, and initiatives like affordable housing loans for female homeowners.

The collaboration between Absa and AfDB exemplifies how Development Finance Institutions and private banks can work together to empower women entrepreneurs in Africa. By providing financing, capacity building, and mentorship opportunities, these institutions are paving the way for sustainable growth and economic empowerment for women-led businesses.

See also  Nigeria's Central Bank Reports 35% Drop in Oil Imports

In addition to Absa’s regional commitment to secure $10 billion for women enterprises by 2035, other institutions like Equity Group Holdings and the African Guarantee Fund are also scaling up efforts to accelerate SME funding, particularly for women and youth-led businesses in East and Central Africa. The Bank of Industry in Nigeria has also partnered with AfDB to provide financial and business advisory assistance to women-led enterprises.

Through collaborative initiatives and targeted investments, the financing gap for women entrepreneurs in Africa can be closed, leading to greater economic growth, stability, and inclusive development across the continent. As more leaders like Busisiwe Mdletshe emerge, the future of women entrepreneurship in Africa looks brighter than ever.

Subscribe to Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

I have read and agree to the terms & conditions
TAGGED:AfricanbankcapitalclosingdevelopmentfinancinggapgenderGroupMakingWomenWork
Share This Article
Twitter Email Copy Link Print
Previous Article Hailee Steinfeld Walks Down Aisle, See Her Wedding Dress
Next Article ‘You have not abandoned me,’ Maphisa-Nqakula tells uMkhonto weSizwe Military Veterans Association – The Mail & Guardian
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Editor's Pick

Best Phone 2024: Top 10 Mobile Phones Today

Need a new phone? The constant influx of new handsets can make it challenging to keep track of what's worth…

November 12, 2024 3 Min Read
14 best trading platforms in Nigeria 

Avatrade is regulated by the Central Bank of Ireland, ASIC in Australia,…

20 Min Read
The fall of Ghana’s NPP and the resurgence of the NDC in the 2024

The 2024 general elections in Ghana marked a seismic shift in the…

8 Min Read

Lifestyle

Sangoma: It’s not always witchcraft and curses

Sangoma Fezile Pretorius of Heavenly Healing often encounters clients who…

June 23, 2025

SA Gen Z’s love for new-age Maskandi and Americans’ craze over Amazayoni music

Americans have recently discovered South African…

June 22, 2025

Youth month: Young creators get a spot on the wall in Joburg

Bianca Sampson's Mission to Support Young…

June 22, 2025

Recipe of the day: Budget pizza with egg topping

Experience a delightful twist on a…

June 21, 2025

Honor 400 & 400 Pro launch underscores impressive AI investment, local inclusion and bold 2028 market share ambition

The Honor 400 & 400 Pro…

June 21, 2025

You Might Also Like

Business

Russia eyes three-way energy pact with Pakistan, Nigeria in major oil and gas deal

The recent proposal aimed at strengthening bilateral ties between Pakistan and Russia has sparked interest in expanding Moscow's presence in…

2 Min Read
Business

Federal Reserve may need less forward guidance in uncertain times, San Francisco Fed chief says 

The Federal Reserve Should Consider Less Forward Guidance on Monetary Policy, Says San Francisco Fed President In a recent address…

3 Min Read
Entertainment

Anna Camp Addresses Age Gap With Girlfriend Jade Whipkey

Anna Camp, the talented actress known for her roles in Pitch Perfect and True Blood, recently made headlines for clapping…

3 Min Read
Business

PZ Cussons Sells $70M Stake in Nigerian Palm Oil to Wilmar

PZ Cussons Plc Sells Stake in PZ Wilmar Limited to Wilmar International for $70 Million PZ Cussons Plc has recently…

3 Min Read
logo logo
Facebook Twitter Youtube

About US

Stay informed with the latest news from Africa and around the world. Covering global politics, sports, and technology, our site delivers in-depth analysis, breaking news, and exclusive insights to keep you connected with the stories that matter most.

Top Categories
  • Africa
  • Business
  • Entertainment
  • Sports
Usefull Links
  • Home
  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2024 africanewsherald.com –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?