AfDB Grant Application. Interested in a grant of up to $250,000? The AfDB_Group’s Affirmative Finance Action for Women in Africa (AFAWA) initiative invites proposals for the Women Entrepreneurship Enablers program.
The African Development Bank Group’s Affirmative Finance Action for Women in Africa (AFAWA) initiative is launching its second call for proposals for the Women Entrepreneurship Enablers program, targeting women’s business associations, incubators, accelerators, women-led cooperatives, and civil society organizations that promote the development of women entrepreneurs on the continent.
AFAWA aims to unlock $5 billion in financing for small and medium-sized enterprises owned and managed by women by 2026. AFAWA is supported by the Bank’s partners and donors, G7 countries, as well as the Netherlands, Sweden, and the Women Entrepreneurs Finance Initiative (We-Fi). The funding, which aims to strengthen the ecosystem for women’s entrepreneurship, is in line with the Bank’s agenda to further gender equality and women’s empowerment.
AFAWA is offering grants of up to $250,000 to organizations helping prepare African women-led businesses to drive the continent’s economies.
The program supports projects that enhance the viability and sustainability of formal women-led small and medium-sized enterprises (SMEs) and enables them to access financing opportunities to grow their businesses.
Applicants from all 54 African countries are welcomed, and organizations in the Sahel region and North Africa are strongly encouraged to submit a proposal. Eligible organizations may request one-time funding of between $100,000 and $250,000, which will be provided through the Bank’s Gender Equality Trust Fund.
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All proposals must be received by 25 November 2022 at 23:59 GMT. A webinar will be held on Friday 4th November 2022 at 10 am GMT to offer additional information.
Interested applicants should visit the AfDB Grant Application Portal to apply.
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