IFC Launches New Alliance to Expand Opportunities for Young Women Entrepreneurs Across Africa
Cote Dlvoire, May 13 -- The International Finance Corporation (IFC), a member of the World Bank Group, today announced the launch of the Africa Leadership Economic Advancement and Development for Women (LEAD) Alliance, an initiative aimed at expanding economic opportunity for young women entrepreneurs in key sectors including the creative economy, digital technology, and social enterprises.Africa leads the world in entrepreneurial activity among women, who own 40% of the continent's SMEs. Still, only 1% of venture capital reaches them, and many face limited access to essential enablers such as funding, networks, mentorship, and digital tools. The Women LEAD Alliance aims to address these challenges by leveraging the expertise of private sec...
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