How MTN Foundation is empowering women entrepreneurs
The MTN Foundation says it will train over 20,000 women with entrepreneur skills, covering technology, education, business growth and providing them with start-up capital. Speaking with CNBC Africa on the sidelines of the Africa Social Impact Summit in Lagos, the Executive Secretary of the foundation, Odunayo Sanya, says the reason the foundation gives loan and not grant is to make women more accountable to business management.
Mon, 14 Aug 2023 14:29:04 GMT
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AI Generated Summary
- The MTN Foundation plans to train over 20,000 women in entrepreneurial skills and provide them with start-up capital.
- The foundation focuses on youth development and national priorities like health and water infrastructure.
- MTN Foundation's unique approach includes offering loans to women entrepreneurs to promote accountability and sustainable business management.
The MTN Foundation is making a significant impact in Nigeria by empowering women entrepreneurs through training and financial support. In a recent interview with CNBC Africa at the Africa Social Impact Summit in Lagos, Odunayo Sanya, the Executive Secretary of the foundation, highlighted the organization's dedication to training over 20,000 women in entrepreneurial skills. The foundation aims to equip these women with technology, education, and business growth knowledge, as well as provide them with start-up capital. One of the unique aspects of the MTN Foundation's approach is offering loans instead of grants to make the women more accountable for managing their businesses effectively. Sanya emphasized the importance of creating actionable outcomes and forging partnerships with like-minded organizations to advance the Sustainable Development Goals (SDGs). The foundation's core focus areas include youth development and national priorities, such as infrastructure deployment in health and water sectors.
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