Economy - Coca-Cola and International Finance Corporation have announced a $100 million (appx Sh8.5 billion) , three-year joint initiative to provide access to finance for women entrepreneurs in Eurasia and Africa.
Through the initiative, IFC will work with local and regional banking institutions to provide financing and business skills training to small and medium sized businesses that are owned or operated by women entrepreneurs across the Coca-Cola supply and distribution.
"Women entrepreneurs make significant contributions to emerging and developing economies, yet have lower access to finance than their male counterparts. By providing greater access to capital, we are investing in our own success and the success of the communities we serve," said Nathan Kalumbu, president of Eurasia and Africa Group at Coca-Cola.
The Star/14/03/2013