Page 25 - ICD AR21 EN

In 2021, ICD’s meaningful work supported inclusive development, improved business resilience and sustainability, advanced the Islamic finance agenda and contributed to post-COVID-19 recovery efforts of member countries.
3.1 BUILDING RESILIENCE FOR WOMEN ENTREPRENEURS
IN NIGERIA FOR INCLUSIVE DEVELOPMENT
The Business Resilience
Assistance for Value-Adding
Enterprises (BRAVE)
Women Program was created in a context of ongoing international development aid provided to the most fragile states in Africa and the Middle East. At its core, the program aims to enhance the resilience of women- owned or led SMEs (WSMEs) in fragile contexts and works to increase their business growth opportunities through capacity building and funding. Launched in Yemen, Nigeria and Burkina Faso and designed by IsDB, the BRAVE Women program is managed by ICD and comprises the following key activities (left)
The BRAVE Women program is a subset of a larger five-year multi-country program designed for three IsDB member countries (Yemen, Nigeria, and Burkina Faso) with a total cost of USD 32.2 million. Out of this total, USD 14.27 million was allocated to Nigeria over a three- year period (2020-2023). The program receives financial support from the global multi-donor fund, Women Entrepreneurs Finance Initiative (We-Fi), and builds upon an established track-record by the IsDB for a similar BRAVE project in Yemen that was funded by the MENA Transition Fund from 2016 to 2020. The BRAVE Women program contributes to SDG #5 (Gender Equality), SDG #8 (Decent Work and Economic Growth) and SDG #9 (Industry, Innovation and Infrastructure).
OUR OPERATIONS, ACTIVITIES AND PERFORMANCE: 2021 HIGHLIGHTS
BRAVE WOMEN:
KEY ACTIVITIES
Building the
capacity and business resilience of WSMEs
in fragile and high- risk contexts
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