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TEF and EU Partner for Economic Empowerment of African Women

TEF and EU Partner for Economic Empowerment of African Women 14th Dec 2020    |    Source: The Tony Elumelu Foundation The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy committed to empowering young African entrepreneurs, has announced a partnership with the European Union to identify, train, mentor and fund 2,500 young African women entrepreneurs in 2021. The partnership will disburse €20 million in financial and technical support for women-owned businesses, across all 54 African countries, in addition to providing increased access to market linkages, supply chains and venture capital investments. The joint initiative will significantly strengthen and deepen the EU-Africa partnership, build on the platform and experience of the US$100m TEF Entrepreneurship Programme, and form part of the EU External Investment Plan to support women economic empowerment within the EU Gender Action Plan (GAP III).

Tunisia: Social assistance for children in need - Tunisia

Tunisia: Social assistance for children in need Format The Corona pandemic is plunging already vulnerable families into an even greater crisis. Income from informal work often fails. The Tunisian government has been providing social assistance to needy families for a long time, and has increased its efforts in the Corona crisis. KfW is supporting this corona aid on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ) with a grant of EUR 12 million. Poor families in Tunisia mostly live from hand to mouth. Work in the informal sector often falls away because of the Corona pandemic. Negative economic growth is expected for 2020. There is no savings among the poor sections of the population, yet food, school supplies and doctor s visits have to be paid for. Since 1986, the Tunisian government has been granting a kind of social assistance equivalent to EUR 46 per month to particularly needy families. 230,000 beneficiaries are registered in the programme.

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