American investment bank Goldman Sachs has spearheaded a USD100 million project geared towards providing women in developing countries with training to help them refine their business skills. According to the bank, fortifying education for women was “a critical and underutilized lever for economic growth” in many of the world’s struggling economies. The “10,000 Women” initiative, which will run for five years, will finance partnerships and link-ups with universities and business schools in countries such as Afghanistan, Egypt, Rwanda, and Nigeria. The project will shoulder the tuition fees for 10,000 women to participate in business and management courses, and will also work with local groups to rally for education for all young girls and women.
Source: Goldman funds business training for poor women (Reuters)