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Coca-Cola empowers 1,000 women, 4,000 more to go

Over 1,000 women of the Magboro Makogi community, through a Coca-Cola Foundation-sponsored program; Catalyst For Change, were trained for over four weeks on relevant skills with more than 200 empowered to start their own businesses.

It is not news that in Nigeria, there are twice as many women below the poverty line than men, and with the outbreak of COVID-19, it became even more pertinent to provide women with opportunities to become financially independent.

Coca-Cola empowers 1,000 women, 4,000 more to go (Photos)

A Nigerian based NGO, Karis and Eleos Hand of Hope Foundation, recognised this gap and sought to fill it. The Foundation launched a capacity building program tagged, “Catalyst for Change”, to help equip 5000 women with relevant vocational skills and business training across five locations in Lagos State.

With funding from The Coca-Cola Foundation, the program has seen a total of 1,048 trained in relevant skills with over 200 of them receiving kits to kickstart their own businesses.- Advertisement –

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In addition to providing vocational skills training, the women of the Magboro Makogi community were also schooled on how to access grants and loans for their businesses by The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN).

Coca-Cola empowers 1,000 women, 4,000 more to go (Photos)

Over the next few months, Catalyst for Change will visit the Sangotedo, Iwaya, Oworonshoki, and Ogijo communities to continue this good work. By the end of this community-wide outreach, the Foundation will have empowered 5,000 women with relevant skills while providing 1,000 of them with Start-up Kits to begin their own businesses.

Karis and Eleos Hand of Hope Foundation is a non-profit established in 2017, with a vision to empower women and girls across the rural demographic. The funding of the Catalyst for Change programme by The Coca-Cola Foundation will help Coca-Cola achieve its 5by20 initiative to empower 5 million women economically by the end of 2020.

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Coca-Cola empowers 1,000 women, 4,000 more to go (Photos)

The Coca-Cola Foundation has, since its inception in 1984, contributed more than $1 billion to help empower women, protect the environment, and enhance communities, socially and economically, around the world.

Coca-Cola empowers 1,000 women, 4,000 more to go (Photos)

The Debt Management Office (DMO), on behalf of the Federal Government of Nigeria (FGN), has introduced a retail savings product that will be accessible to all income groups – the FGN Savings Bonds.

With COVID-19 lockdown measures around the world easing, just under three-quarters of global consumers (71%) now report feeling comfortable returning to physical stores since local lockdowns have eased, according to research published today by Mood Media, the world’s leading on-premise media solutions company dedicated to elevating the Customer Experience.

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In the stock market, the technology sector is among the best performing categories in recent years based on their Return on Investment (ROI). Despite being vulnerable just like other stocks, the category has remained resilient.

The Nigerian equity market today began the trading week on a negative note as the All-Share-Index depreciated by 0.09% to halt previous positive sentiment of six consecutive trading day.

The Federal Government, on Wednesday, announced the immediate increase in the pump price of petrol to N151.56 per litre from N149, being the third increase in three months.

Canon has announced a new and easy-to-use desktop scanner, designed with flexible USB and WiFi connectivity, to support small businesses wherever their workspace is set up.

Flying Doctors Healthcare Investment Company plans to set up a $1 billion fund to invest in health care and wellness across Africa.

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