The seed investment is part of an initiative to uplift SMBs currently affected by the coronavirus pandemic, a press statement noted.
Applications for the initiative is expected to commence from the 1st of June 2020.
The Women’s Empowerment & Investment Group (WEIG) is a women-led and majority owned Ghanaian Investment Holding Company set up to efficiently channel capital and expertise into high-potential Small & Medium Scale Enterprises (SMEs) that prioritize female empowerment & entrepreneurship.
WEIG does this by making permanent capital investments in women focused greenfield and brownfield businesses/business opportunities in Africa’s “KINGS”, economies namely Kenya, Ivory Coast, Nigeria, Ghana, and Senegal of which Ghana remains a primary focus country, the release further adds.
Commenting on the strategic agenda for the initiative, co-founder and CEO of WEIG, Adeline Akufo-Addo Kufuor said : “Through our local and international value adding networks we aim to assist women to create long term wealth for themselves”.