{"id":71300,"date":"2021-10-09T23:57:00","date_gmt":"2021-10-09T21:57:00","guid":{"rendered":"https:\/\/www.csregypt.com\/?p=71300"},"modified":"2021-10-09T23:57:00","modified_gmt":"2021-10-09T21:57:00","slug":"ghanaian-businesswoman-launches-e100-m-fund-to-support-african-fashion-smes","status":"publish","type":"post","link":"https:\/\/csregypt.com\/en\/ghanaian-businesswoman-launches-e100-m-fund-to-support-african-fashion-smes\/","title":{"rendered":"Ghanaian businesswoman launches \u20ac100 m fund to support African fashion SMEs"},"content":{"rendered":"<p dir=\"ltr\" style=\"text-align: left;\">Ghanaian businesswoman and entrepreneur Roberta Annan earlier this week launched a \u20ac100 million fund to channel investment into small and medium African creative and <a href=\"https:\/\/www.csregypt.com\/en\/undp-launches-making-sustainability-fashion-statement-campaign\/\">fashion<\/a> enterprises.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\"><a href=\"https:\/\/robertaannan.com\/portfolio\/iffacc\/\">The Impact Fund for African Creatives<\/a> (IFFAC) will award grants of up to \u20ac50,000 to selected projects to accelerate development of the continent\u2019s creative sector.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">The fund was launched at a ceremony held on Monday 4 October, 2021, during Paris Fashion week, and was attended by fashion industry experts. \u00a0Chinelo Anohu, Senior Director of the Africa Investment Forum also attended. The Africa Investment Forum, a flagship initiative of the African Development Bank, aims to channel investment into Africa.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">Annan, who also founded the African Fashion Foundation, said that, in addition to grants, IFFAC will make a further \u20ac250,000- \u20ac2 million in venture capital available to African entrepreneurs who complete its skills-building program.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">\u201cI have encountered so much incredible talent all over the continent, such originality and innovation,\u201d said Annan.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">\u201cBut I have also noticed a lack of management skills, infrastructure, and start-up capital necessary to scale these creative businesses. This is the motivation behind IFFAC.\u201d<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">Anohu said the Africa Investment Forum has been in talks with IFFAC as it curates projects that will feature at its upcoming AIF 2021 Market Days to be held in Abidjan, Cote d\u2019Ivoire, from December 1-3.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">\u201cI applaud IFFAC for its plans to bring early-stage capital deployment, along with a structured program of training and mentorship to artists and entrepreneurs like Nigerian designer Kenneth Ize,\u201d said Anohu. \u201cFor all those investors in this room, who believe, like I do, in the potential for commercializing the exports of Africa\u2019s creative genius, I invite you to contact the Africa Investment Forum.\u201d<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">Africa\u2019s creative industry is an increasingly important part of the investment mix for the future of the African economy;\u00a0The Forum\u2019s 2021 Market Days will showcase creative and cultural-sector deals from around the continent, including in film and television, as well as women-led projects, among other sectors.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">\n","protected":false},"excerpt":{"rendered":"<p>Ghanaian businesswoman and entrepreneur Roberta Annan earlier this week launched a \u20ac100 million fund to channel investment into small and medium African creative and fashion enterprises. The Impact Fund for African Creatives (IFFAC) will award grants of up to \u20ac50,000 to selected projects to accelerate development of the continent\u2019s creative sector. The fund was launched [&hellip;]<\/p>\n","protected":false},"author":410,"featured_media":71301,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[984,6095],"tags":[6348,8093,6370],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ghanaian businesswoman launches \u20ac100 m fund to support African fashion SMEs - Csr Egypt<\/title>\n<meta name=\"description\" content=\"Ghanaian businesswoman launched a \u20ac100 million fund to channel investment into small and medium African creative and fashion enterprises.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/csregypt.com\/en\/ghanaian-businesswoman-launches-e100-m-fund-to-support-african-fashion-smes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" 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