100 women were reportedly selected for IFC’s She Wins Africa programme. The She Wins Africa programme as you should know is an initiative that aims to boost women-led startups in sub-Saharan Africa simply by facilitating access to funds.
And 100 women have already been selected from the 3,000 applicants across industries like heathtech, agritech, Fintech, and eCommerce.
IFC’s She Wins Africa Programme
The IFC, a member of the World Bank Group, has revealed the names of the 100 women who have been selected to participate in the She Wins Africa program! This initiative is designed to greatly enhance women-led startups in sub-Saharan Africa by facilitating their access to capital.
Out of a pool of 3,000 applicants spanning various industries including agritech, eCommerce, healthtech, and fintech, the top 100 have been chosen. These women will enjoy numerous benefits, including mentorship, guidance, and opportunities to present their ideas to investors and industry leaders. This initiative is part of the IFC’s efforts to promote gender equality in the business sphere.
Africa Boasts the Highest Proportion of Female Entrepreneurs Globally
Did you know that Africa boasts the highest proportion of female entrepreneurs globally? Despite their undeniable talent, African female founders receive a mere 3% of startup funding. This is where She Wins Africa steps in.
What’s noteworthy is that the impact of this initiative isn’t limited to just these 100 women. Furthermore, the program is extending support to an additional 200 startups in critical areas and hosting bootcamps for another 200 startups. It’s also collaborating with various funds and investors to streamline the funding process for women seeking to expand their businesses.
Director of Gender and Economic Inclusion at the IFC
Nathalie Akon Gabala, Director of Gender and Economic Inclusion at the IFC, expressed her enthusiasm, emphasizing the need for investors to actively support women entrepreneurs. Additionally, this isn’t the IFC’s inaugural attempt; they’ve previously achieved success with a similar program in the Middle East and North Africa.
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