The Arab Bank for Economic Development in Africa BADEA has partnered with the African Women Leaders Network AWLN to promote financial inclusion for women entrepreneurs on the continent. The two organisations, which signed a memorandum of understanding MoU on the sidelines of the African Development Bank AfDB annual meetings in Abidjan, pledged to work together to boost access to capital for women-led and women-owned businesses in Africa.
BADEA and AWLN also agreed to consolidate their efforts to advocate for greater representation of women in corporate boardrooms, management positions, and key decision-making roles.
"This partnership... opens the door to new strategic alliances aimed at amplifying the Network's impact across the continent," AWLN said in a statement.
Launched in 2017 under the aegis of the African Union Commission AUC and the United Nations UN, AWLN is a network of accomplished women leaders in Africa drawn from the political, business, academia, science, community and general leadership arenas.