VFD Group, a leading African financial services conglomerate, has announced a strategic partnership with Arcadia Africa Day, a subsidiary of Utopia Media Group, to support 5,000 women-led small and medium-sized enterprises (SMEs) across Africa.

The initiative, set to launch as part of the Africa Day 2025 celebrations, will provide financial backing and strategic support through the Abada platform, fostering inclusive economic growth in countries such as South Africa, Namibia and Ghana.

As a key player in Africa’s financial landscape, VFD Group has built a reputation for pioneering innovative financial solutions tailored to the continent’s dynamic market.

This collaboration underscores its commitment to closing the financing gap for women entrepreneurs, a crucial step in accelerating economic development across the region.

In a statement, the founder of Arcadia Africa Day, Akintunde Marinho said: “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.”

He noted that this partnership will leverage the Abada platform to provide not just funding but also resources aimed at ensuring long-term business sustainability.

“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. The partnership seeks to offer sustainable solutions to ensure the growth and long-term success of these businesses,” he added.

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, one where women-led businesses can thrive.