- Organization: African Development Bank
- Type: Funding
- Award: Funding between $100,000 and $250,000
- Application Deadline: May 30, 2021
This May, the African Development Bank Group is launching a call for proposals for projects enhancing the viability and sustainability of women entrepreneurship enablers.
Women’s business associations, incubators, accelerators, and cooperatives that advance women’s entrepreneurship, can apply for funding for innovative projects or programs to bolster the skills of small and medium enterprises (SMEs) owned and run by women across Africa, the Bank announced.
Entrepreneurship enablers, which include business associations and civil society organizations, play an important role in empowering women to establish bankable SMEs and other businesses. However, the enablers themselves often face challenges, such as long-term growth plans and lack of financing, which reduce their reach, impact and sustainability.
“Women business enablers are critical to creating a viable enabling environment in which women entrepreneurs can grow and create businesses that generate jobs for the continent. Through the Affirmative Finance Action for Women in Africa initiative, the Bank is committed to supporting enablers to strengthen the business and financial skills as well as wealth-creating capacity of their members,” said Esther Dassanou, manager of the program, also known as AFAWA.
The Bank will assess applicants’ track record in supporting women SMEs, innovation and strong development impact, as well as their capacity to mobilize other sources of funding. Eligible organizations may request funding of between $100,000 and $250,000, provided through the Bank’s Gender Equality Trust Fund.
Applications must be received by midnight on 30 May 2021.
Click Here for the Official Link
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