Having already received some applications, the AWLF Initiative is inviting more applications from established women-owned or women-managed funds that participate in listed markets and short-term private debt.
Application Deadline: 30th June 2020
About the Award: The United Nations Economic Commission for Africa (UNECA) and Standard Bank Group are calling on women fund managers across Africa to apply to join the African Women Leadership Fund initiative (AWLF), an innovative impact fund that will provide capital and expertise to successful candidates.
Get Up to $100,000 Student Loan for Your Master in US or Canada - Apply before 31 December 2024 to get as low as 9.99% interest rate
The AWLF Initiative has been established with the aim of uplifting female-owned and managed asset management firms and providing a defined economic stimulus to achieve sustainable economic growth in Africa. The fund, the first of its kind, aims to raise up to $1 billion over 10 years (€910 million or R19 billion) for women fund managers, who in turn will invest in high-impact businesses and projects across the continent, thus driving entrepreneurship.
- Phase 1: AWLFI will invest in established women-owned fund management firms or in fund managers with the capability to take on segregated mandates. These Managers will operate in the listed space.
- Phase 2: In the second round of funding, the AWLFI will look to invest in existing Private Equity Funds, thus enabling the fund to hold a combination of listed and private equity investments.
- Phase 3: An incubation programme to put new women fund managers on the map.
Type: Entrepreneurship
Eligibility:
- Applicants must be female, reside in Africa or be willing to relocate to Africa, and need to have proven fund- or asset-management experience. They will be subject to an investment and operational due-diligence process that will need to be completed by the end of August 2020, with the first phase of the fund becoming fully operational in the fourth quarter of this year.
- While the fund is sector-agnostic, it will have a preference towards high-impact sectors including manufacturing, education, healthcare, renewable energy, and technology.
Selection: Under this first phase of the AWLF Initiative’s implementation, funding will be allocated to asset managers across North, East, Southern and West Africa. Allocations will be made with a view to achieving the best possible regional and geographic diversification. Â
Eligible Countries: African countries
Number of Awards: Not specified
Value of Award: The fund, the first of its kind, aims to raise up to $1 billion over 10 years (€910 million or R19 billion) for women fund managers, who in turn will invest in high-impact businesses and projects across the continent, thus driving entrepreneurship.
How to Apply: To register applicants should visit www.standardbank.com. For any queries, applicants can email [email protected]. Applications close at the end of June 2020.
- It is important to go through all application requirements in the Award Webpage (see Link below) before applying.
- GOODLUCK
Visit Award Webpage for Details
