Apply below.
Table of Contents
When is Application Deadline?
11th November 2022
What is the Award?
The African Development Bank Group’s Affirmative Finance Action for Women in Africa (AFAWA) initiative is launching its second call for proposals for the Women Entrepreneurship Enablers program, targeting women’s business associations, incubators, accelerators, women-led cooperatives, and civil society organizations that promote the development of women entrepreneurs on the continent.
AFAWA is offering grants of up to $250,000 to organizations helping prepare African women-led businesses to drive the continent’s economies.
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
Following the first call for proposals, issued in May 2021, AFAWA selected ten pan-African organizations with demonstrated success in mobilizing finance for women entrepreneurs. They are: AECF(link is external) (Kenya); Seedstars(link is external) (Tanzania); African Women Innovation and Entrepreneurship Forum(link is external) (South Africa); Graça Machel Trust(link is external) (South Africa); Entreprenarium(link is external) (Rwanda); Women in Africa (WIA) Initiative(link is external) (Nigeria); Transformational Business Network(link is external) (Kenya and Uganda); Creative SpaceNG(link is external) (Nigeria); E4Impact(link is external) (Kenya); and PAWA Africa(link is external) (South Africa).
Which Countries are Eligible?
African countries
What Type of Award is This?
Entrepreneurship
Who is Eligible?
The program supports projects that enhance the viability and sustainability of formal women-led small and medium-sized enterprises (SMEs) and enables them to access financing opportunities to grow their businesses.
Applicants from all 54 African countries are welcomed, and organizations in the Sahel region and North Africa are strongly encouraged to submit a proposal.
How are Applicants Selected?
Successful proposals will demonstrate innovative approaches to building a supportive ecosystem for women’s entrepreneurship, aimed at improving access to finance for women SMEs. Enablers are expected to develop a comprehensive and sustainable capacity-building program to enable access to finance in partnership with financial institutions.
What is the Benefit of Award?
Eligible organizations may request one-time funding of between $100,000 and $250,000, which will be provided through the Bank’s Gender Equality Trust Fund.
How to Apply:
All proposals must be received by 11 November 2022 at 23:59 GMT. A webinar will be held on Friday 21st October 2022 at 10 am GMT to offer additional information. Please use this link(link is external) to register.
Goodluck!
