In a recent announcement by PanHerfrican Initiative, a $50 billion Hercellers Africa Impact Investment Mobilization Program has been launched, that is aims at empowering a total of 10 million female entrepreneurs across the African continent.
In a statement, Cynthia Aigbosesi Ogbiti, the Country Director as well as Gender Equality Mainstreaming expert elucidated that this particular initiative has been geared up towards the African Continental Free Trade Agreement’s (AfCFTA) successful implementation by the year 2030.
She said, “This program will provide the financial resources and strategic support needed to ensure that women are at the forefront of economic activities, thereby accelerating the integration of regional economies and driving the continent towards the entrenchment of sustainable business practices.”
Adding to the statement, she stated, “The PanHerfrican Initiative recognizes that gender equality is a critical accelerator for achieving the Sustainable Development Goals (SDGs) and is committed to leveraging this investment to bridge the gender gap in Africa. Through the HERCELLER8 program, the Initiative will empower women leaders from diverse backgrounds, fostering multi-ethnic inclusion and geo-economic integration. This inclusive approach is designed to inspire emerging female leaders to forge partnerships that align with the AU’s Agenda 2063, driving people-centric development and sustainable growth.”
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