Nigeria: Borderless Trade Network to Empower Female MSMEs

As part of efforts to deepen access to funding of female-owned Micro, Small, Medium scale Enterprises (MSMEs), Borderless Trade Network has expressed its preparedness to support ad provide female entrepreneurs the access to funding, as well as technical support needed to upscale their business activities through its WINHER initiative.

The organisation revealed that the WINHER project scheduled to commence on the 8th of August is dedicated towards empowering women to achieve financial wellness through the demystification of wealth creation; whilst creating an opportunity for women entrepreneurs to network, get educated on investment opportunities and principles, discover sources of funding, share experiences and build new partnerships to enhance their entrepreneurial capacities and improve their approach towards wealth generation.

The programme, it added, was also designed to cater directly to female African entrepreneurs within the continent and in diaspora who are seeking to gain the ability to build long term wealth through financial education and access to high interest paying investment opportunities, whilst leveraging on the recently ratified African Continental Free Trade Area (AfCFTA) agreement.

Speaking during the launch of the WINHER initiative in Lagos, Founder Borderless Trade Network, Olori Boye-Ajayi, said due to the AfCFTA MSMEs need such initiatives to enhance the scale at which they carry out their business activities in order to meet the increase in demand of their product and services and also compete at an international scale.

“As an organisation we gathered that women in trade particularly were having difficulties accessing adequate fundings to scale up their business operations which had to do with investment gaps. Out of the 2,500 female entrepreneurs we surveyed we realised that there was not a large number of them that had personal investments. Thus, we discovered that there would be no trade if there were no investments.