VFD Group, a leading African financial services conglomerate, has partnered with Arcadia Africa Day, a subsidiary of Utopia Media Group, to empower 5,000 women-led small and medium-sized enterprises (SMEs) across Africa. This initiative, set to launch as part of Africa Day 2025 celebrations, aims to provide financial backing and strategic support through the Abada platform, promoting inclusive economic growth in countries such as South Africa, Namibia, and Ghana.
According to Akintunde Marinho, founder of Arcadia Africa Day, “We are thrilled to partner with VFD Group to provide funding and support to female-owned SMEs. This initiative has the potential to unlock economic opportunities that will create lasting ripple effects across the continent.”
Marinho emphasized that the partnership will leverage the Abada platform to offer resources aimed at ensuring long-term business sustainability, beyond just funding. “Female-owned SMEs looking to benefit from this initiative can sign up on Arcadia Africa Day’s SME platform, Abada, and meet specific eligibility criteria,” he explained. “The partnership seeks to offer sustainable solutions to ensure the growth and long-term success of these businesses.
By facilitating access to capital and strategic support, VFD Group and Arcadia Africa Day are reinforcing their commitment to fostering a more inclusive and resilient African economy, where women-led businesses can thrive. This collaboration underscores VFD Group’s reputation for pioneering innovative financial solutions tailored to the continent’s dynamic market, and its commitment to closing the financing gap for women entrepreneurs.
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