The Matola Municipal Council in Mozambique launched a 7.5 million metical (approximately $120,000 USD) municipal fund on Thursday to financially support women entrepreneurs. This initiative marks the first of its kind for the city, aiming to boost local economic activity through women-owned businesses. The fund will provide financial resources to help women start or expand their ventures. Council officials highlighted the importance of empowering women as a key driver of sustainable development. Specific details regarding application processes and eligibility criteria were not immediately available, but further announcements are expected. The launch symbolizes a commitment to gender equality and inclusive economic growth within Matola city. This fund is expected to have a significant positive impact on the livelihoods of many women in the region.