National Economy
Monday, June 23, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home Business

DBN Secures AFD’s €50m Funding To Support Women Entrepreneurs

by Ngozi Ibe
6 months ago
in Business
Reading Time: 2 mins read
DBN
Share on FacebookShare on TwitterShare on Telegram

The Development Bank of Nigeria (DBN) has signed an agreement with the French Development Agency (Agence Française de Développement, AFD) for a €50 million line of credit to empower women-owned businesses in Nigeria.

At the signing ceremony in Abuja on Wednesday, DBN announced that the fund is designed to foster the growth of women entrepreneurs, promote job creation, and improve access to finance. Additionally, it seeks to strengthen the integration of gender-focused initiatives within DBN and its partner financial institutions (PFIs). The program includes a technical assistance component valued at €825,000 to build capacity for women-led Micro, Small, and Medium Enterprises (MSMEs).

MD/CEO of DBN Tony Okpanachi highlighted the facility’s transformative potential in scaling women-owned businesses from micro to large-scale enterprises, with broader economic implications. He emphasized that the bank pursued specialized funding to address the financial challenges faced by Nigerian women entrepreneurs.

“We are committed to ensuring a broad geographical reach of these funds, leveraging our network of over 70 participating financial institutions across the country,” Okpanachi said. “DBN is just seven years old, but our partnership with AFD has been strong and impactful. This additional funding deepens our collaboration and underscores our shared commitment to gender empowerment.”

You May Like

FAAN Seeks Investment In Cargo, Aviation Industry

Mouka Rewards Top Business Partners With Trip To Cape Town

Okpanachi further noted the pivotal role of women entrepreneurs in DBN’s strategic priorities, underscoring the belief that empowering women creates a catalytic effect on national development.

On behalf of AFD, Country Director Xavier Muron praised the initiative, stating that promoting women’s entrepreneurship is not only a matter of social justice but also a strategic priority for building a more inclusive and resilient society.

“Economic empowerment of women is crucial for achieving Sustainable Development Goals and for the future of both local and global economies,” Muron said. “Women entrepreneurship must become the norm, enabling every woman to realize her full potential.”

Muron also highlighted the importance of complementing the credit line with technical assistance and capacity-building programs. These initiatives aim to address specific challenges faced by financial institutions and end beneficiaries, further strengthening the impact of the facility.

He described DBN as a strategic partner for advancing gender inclusion within Nigeria’s financial sector and supporting the financing needs of women-led MSMEs.

ShareTweetShare
Previous Post

Shell Assures Enhanced Capacity Engagement With Indigenous Companies

Next Post

Changan CS55 Is Nigeria’s 2024 Car Of The Year

ANOTHER GOOD READ

FAAN Seeks Investment In Cargo, Aviation Industry
Business

FAAN Seeks Investment In Cargo, Aviation Industry

3 days ago
Mouka Rewards Top Business Partners With Trip To Cape Town
Business

Mouka Rewards Top Business Partners With Trip To Cape Town

3 weeks ago
Union Bank Hosts Math Contest For Hearing-impaired Students
Business

Union Bank Hosts Math Contest For Hearing-impaired Students

3 weeks ago
Blue Sands STEM Lab, Others Take Top Prize At MarkHack 4.0
Business

Blue Sands STEM Lab, Others Take Top Prize At MarkHack 4.0

3 weeks ago
Asharami Energy Commits To Local Capacity Devt, Sustainable Growth
Business

Asharami Energy Commits To Local Capacity Devt, Sustainable Growth

3 weeks ago
Foreign Investor Reveals Plan To Invest Multi-billion Dollar In Nigeria
Business

Foreign Investor Reveals Plan To Invest Multi-billion Dollar In Nigeria

3 weeks ago
Next Post
Changan CS55 Is Nigeria’s 2024 Car Of The Year

Changan CS55 Is Nigeria's 2024 Car Of The Year

Most Recent

Nigeria’s Flag Team Set For Historic African Championship In Egypt

Nigeria’s Flag Team Set For Historic African Championship In Egypt

June 23, 2025
Akwa Ibom Govt  Dissolves Boards Of Akwa United,Others

Akwa Ibom Govt Dissolves Boards Of Akwa United,Others

June 23, 2025
Nwabali, Car Rental Company At Loggerheads After Father’s Funeral

Nwabali, Car Rental Company At Loggerheads After Father’s Funeral

June 23, 2025
Enugu Intensifies Plans For 23rd National Sports Festival

Enugu Intensifies Plans For 23rd National Sports Festival

June 23, 2025
Gaming, Gambling Addiction, A Growing Societal Burden Needing Urgent Attention

Gaming, Gambling Addiction, A Growing Societal Burden Needing Urgent Attention

June 23, 2025
Nigeria’s Aviation Future: Between Domestic Growth And National Pride

Nigeria’s Aviation Future: Between Domestic Growth And National Pride

June 23, 2025
Orijin Electrifies Ojude Oba With Vibrant Celebration Of Culture

Orijin Electrifies Ojude Oba With Vibrant Celebration Of Culture

June 23, 2025
Business Africa Elects NECA DG Into Executive Council

Business Africa Elects NECA DG Into Executive Council

June 23, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy