Targeting women’s business associations, incubators, accelerators, women-led cooperatives, and civil society organizations that support the growth of women entrepreneurs on the continent, the Affirmative Finance Action for Women in Africa (AFAWA) initiative of the African Development Bank Group is launching its second call for proposals for the Women Entrepreneurship Enablers program.
The initiative assists formal women-led small and medium-sized firms (SMEs) with projects that improve their profitability and sustainability and gives them access to funding sources for business expansion.
Funding proposals may be made for a single project, a sample program comprising multiple projects, across several countries, or for any combination of these.
The minimum and maximum funding thresholds for this call for proposals are $100,000 and $250,000 respectively.
This is a one-chance grant.
Applications are welcome from all 54 African countries, Sahel and North African countries are strongly encouraged to submit proposals.
- The projects ought to be carried out in more than two nations;
- The project should not last more than 2 (two) years;
- The beneficiaries and project sponsors must be headquartered in Africa or demonstrate a link with African organizations, and they must demonstrate that the proposed operations, initiatives, and activities will be carried out in Africa;
- applicants must be formally established organizations with solid financial and procurement practices that have been around for at least three years;
- It is suggested for candidate enablers to work together in groups of two or more.
- Especially with one or more financial institutions, and with the public and commercial sectors, partnerships are widely encouraged;
- It is necessary to have prior expertise in handling outside financing and carrying out projects for funders;
- 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 the link below to register for the webinar.
For more details, visit the link below.