Flourish Africa, an NGO dedicated to empowering women across Africa, spearheaded by businesswoman and philanthropist, Apostle Folorunso Alakija, has expanded its commitment to female entrepreneurs. The organization recently revealed an increase in its business seed grants for Flourish Africa Female Entrepreneurs, boosting the grants from N2 million to N3 million each for 100 deserving women participating in its Business and Life Skills Training Programme.
This strategic move aligns with Flourish Africa’s overarching goal to empower at least 2500 female entrepreneurs within the next five years, ensuring a wider impact on business growth and sustainability among women-owned enterprises.
During the 7th Annual Flourish Africa Conference 2023 themed “She-Champions: Fostering Economic Growth and Participation in a Digital Economy,” Apostle Alakija shared her joy at the significant positive impact the program has made on the lives of thousands of women. Since the initiation of the N1 billion Grant in 2021, Flourish Africa has successfully trained over 1,005 female entrepreneurs and disbursed N200 million to 200 deserving recipients.
Apostle Alakija highlighted that the support provided, totaling N400 million for 200 women, has substantially injected capital into businesses, generating a notable community impact. Additionally, Flourish Africa’s commitment extends beyond financial aid; over 1,000 women entrepreneurs have also benefited from top-notch business training sessions, fostering their skills and capabilities.
At the conference, Mrs. Somachi Asoluka, the CEO of Tony Elumelu Foundation, emphasized the pivotal role of women in driving economic growth, especially in a digital economy. She acknowledged the undeniable economic influence wielded by women, underscoring their potential to reshape the world’s economic landscape.
Flourish Africa’s initiatives and the commitment of leaders like Apostle Alakija and Mrs. Asoluka serve as catalysts in empowering women and leveraging their potential for sustainable economic development in Africa.