TEF 2024 Women Entrepreneurship For Africa (WE4A) Program (5 Million USD In Funding)

The program “Women Entrepreneurship for Africa” (WE4A) is a cooperative project that includes the European Union (EU), the Organisation of African, Caribbean and Pacific States (OACPS), and the German Federal Ministry for Economic Cooperation and Development (BMZ).

The initiative is being implemented by the Tony Elumelu Foundation (TEF) and the German development agency GIZ as part of the E4D program.

The program is dedicated to supporting marginalized communities in Sub-Saharan Africa, particularly women, youth, and those in the informal sector. With the assistance of SAFEEM (Swiss Association for Entrepreneurship in Emerging Markets), the Acceleration/Growth Programme seeks to enhance the entrepreneurial skills of businesses led by women, thereby enhancing their potential to secure additional funding from private investors. This extended program will span an extra three months in duration.

Both the initial acceleration and subsequent growth programs are designed to help women entrepreneurs in Sub-Saharan Africa thrive and make positive contributions to employment opportunities in their communities. This will be achieved through improved business acumen, access to formal financial services, and integration into local and regional value chains.

Program Details

The acceleration program will run for three months, followed by a three-month growth program and technical support if selected. All training and program activities will be conducted online through Zoom, with access to an online program management and e-learning platform.

Benefits

The WE4A Program provides a complete support package for the advancement of women-led businesses in Africa, including:

• Grant funding of €10,000 to 120 women entrepreneurs from the TEF alumni network.
• Up to €50,000 in additional grant funding, combined with a growth program. Will be awarded to 15 enterprises identified by an expert panel as having significant potential for high growth.
• Applicants will receive three months of technical assistance through a virtual acceleration program. Which involves mentorship and guidance from Entrepreneurs in Residence (EiRs) tailored to their growth stage and sector.

Eligibility Requirements

• Women entrepreneurs who are part of the TEF Alumni network.
• It is required to have a functional product and preferably an established customer base.
• Women entrepreneurs in Cameroon, Kenya, Malawi, Mozambique, Senegal, Tanzania, Togo, and Uganda. Who either have existing businesses or business concepts that promote environmental sustainability are eligible to apply for the program.

How To Apply

To begin your application journey, click here .

Visit the Official Website of the TEF Women Entrepreneurship For Africa (WE4A) Program For More Information.

Application Deadline

March 31st, 2024.

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