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    Cote d'Ivoire-Economy

    Atlantic Bank injects 1.3b CFA francs in women's entrepreneurship

    APA-Abidjan (Cote d’Ivoire)

    The Atlantic Bank as part of the Fund for the Promotion of Small and Medium Enterprises (SMEs) and Women's Entrepreneurship has provided 1.300 billion CFA francs to 100 new beneficiaries.

    The handing over of cheques took place on Thursday December 6, in the presence of the Ivorian secretary of state to the Minister of Trade, Industry and SME Promotion, Felix Miezan Anoble, and the Deputy General Manager of Atlantic Bank, Abdelmoumen Najoua.

    This bank thus continues, "its commitment is to work continuously to promote women's entrepreneurship, convinced that it is a lever for development, growth and innovation," a communiqué quoted.

    "We are pleased to contribute to the development of the national economy, through this support system which supports in a concrete and effective way the growth of companies resulting from women's entrepreneurship”, Najoua added.

    The new credit envelope of 1.267 billion CFA francs confirms the bank's commitment to accelerating promotion of women's entrepreneurship as an engine of economic growth, he continued.

    Since the launch of the Fund for the Promotion of SMEs and Women's Entrepreneurship in 2017, a total of 2.578 billion CFA francs in loans was provided, and now covers the financing needs of 180 companies run by women.

    It would be recalled that following the deployment of the project, the first three initiatives were 254 million CFA francs granted to 10 women; 354 million CFA francs distributed to 25 women; and, 703 million CFA francs allocated to 45 women.


    LS/os/afm/APA

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