Women-led startups in sub-Saharan Africa will benefit from the she Wins Africa programme launched by the IFC (International Finance Corporation). IFC will provide training, mentorship, increase financial inclusivity, to women-owned businesses through this programme. The programme is said to support about 400 women-owned startups by providing them with guidance for acquiring venture capital and other forms of funding.
She WINS Africa is modeled on she Wins Arabia, which was launched in 2021. That programme has empowered about 80 women-led businesses through increased access to funding as well as training and mentorship programmes.
Mohamed Gouled, Vice President of Industries at IFC, said about the programme, “Across Africa, women entrepreneurs often lack access to capacity building support to help them launch or grow their businesses. Through she WINS Africa, IFC is helping to address that need, ensuring that women are supported in their ventures and can attract the investment they need to build upon their entrepreneurial determination and creativity.”
IFC is currently accepting applications. To apply please contact the she Wins programme at [email protected]
IFC is a member of the World Bank Group and focuses its efforts on development of private sector markets in low- and middle-income countries. With operations in 100 countries, IFC aids developing countries through its expertise and capital by mentorship programmes and increasing accessibility to funds. During 2022, IFC disbursed a total of USD 33 billion.
By Anaya Jhaveri, Research Associate
Sources and Additional Resources
IFC press release on she WINS Africa
https://pressroom.ifc.org/all/pages/PressDetail.aspx?ID=27578
IFC press release on she WINS Arabia
https://www.ifc.org/wps/wcm/connect/news_ext_content/ifc_external_corporate_site/news+and+events/news/creating-opportunities-for-women-led-startups
IFC homepage
https://www.ifc.org
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