The International Finance Corporation (IFC), a member of the World Bank Group, has announced 100 women-led startups chosen to participate in the “She Wins Africa” program. This initiative aims to empower female entrepreneurs in sub-Saharan Africa by equipping them with the necessary tools for success and facilitating access to funding.
100 Women, Boundless Potential:
The chosen participants underwent a rigorous selection process, emerging from a pool of nearly 3,000 applicants representing diverse sectors like agriculture, climate technology, e-commerce, education, healthcare, and finance. These 100 women will benefit from a comprehensive program designed to enhance their companies’ investment readiness.
Beyond Selection: A Supportive Ecosystem:
She Wins Africa offers more than just recognition. The program provides access to:
- Expert guidance: Participants receive valuable advice and mentorship from industry leaders, preparing them to navigate the complex world of investment.
- Networking opportunities: Through matchmaking and pitching events, women connect with potential investors and peers across Africa, fostering valuable partnerships and collaborations.
Building a Brighter Future for Women in Business:
She Wins Africa represents a broader commitment by the IFC to promote gender equality and empower female entrepreneurs in emerging markets. This program is not limited to the chosen 100; it lays the foundation for a more inclusive and supportive ecosystem for women-led businesses in Africa.
Additional Initiatives:
Beyond the core program, She Wins Africa offers supplementary initiatives, including:
- Bootcamp: This dedicated program helps 200 pre-seed women-led startups reach the crucial acceleration stage.
- Expansion of Acceleration Support: An additional 200 women-led startups in underserved areas gain access to essential acceleration support.
- Building a Coalition: The program fosters collaboration between investment funds, venture capital firms, and gender-focused investors, aiming to improve access to finance for women across Africa.
Investing in Women, Investing in the Future:
As Nathalie Akon Gabala, Director of Gender and Economic Inclusion at the IFC, emphasizes, “It’s time for investors to step up and fund women. A strong entrepreneurship ecosystem benefits us all.” She Wins Africa recognizes the immense potential of female entrepreneurs and provides them with the tools and resources needed to contribute significantly to Africa’s economic and social development.