SheInvest: Europe dangles 1 billion Euro before Nigerian women Entrepreneurs


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The European Investment Bank (EIB) has announced a loan program called SheInvest to help Nigerian and African women entrepreneurs build capacity. The loan program worth 1.1 Euro is meant to promote gender investment and manage climate change across the continent.

The capacity building and climate management initiative was made public by the European Investment Bank President, Ambroise Fayolle, at the ongoing African Investment Forum, taking place in Johannesburg. The EIB has been one of the most consistent investors in Africa in the past 50 years. Notably, it invested over 3.3 Euro in diverse sectors in the continent last year alone.

Speaking about the latest round of investment, Fayolle said the aim is to promote female entrepreneurship by providing access to loans and a knowledge-base that have the capacity of raising women who are skillful and enterprising in Africa.

Toyin Afilaka
Toyin Afilaka
Toyin Afilaka writes with simplicity and insight. He aims to enrich the Nigerian small business landscape. Through Hustle24 he connects entrepreneurs with information about new policies, enterprise solutions and opportunities that will aid their 'hustle'. He has written extensively for CobraReview, a product review portal, and served as a lead project manager for MarketingMix where he consulted as PR consultant for MTN Project Fame and Business Next Titan etc.


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