30 female entrepreneurs received €50,000 in WE4A grant

The Women Entrepreneurship for Africa (WE4A) recently announced a growth acceleration program for 99 women entrepreneurs from where 14 Nigerian women entrepreneurs made the list of 30 entrepreneurs who will get up to €50,000 in grant cash and an additional three months of growth training.

After all 99 businesses had submitted their solutions on the WE4A Acceleration Program demo day, the successful businesses were selected.

SAFEEM (a non-profit arm from Seedstars) hosted the accelerated program. This was done in order to assist these businesses in refining their business goals and scaling them up to the next level.

There were over 30 workshops and expert presentations. The program also included networking events. Entrepreneurs were also assigned a dedicated mentor for one-on-one meetings and given EiR help in small groups.

The growth and acceleration programmes demonstrate how women-owned growth-oriented businesses can be used to create jobs and wealth on the African continent. SAFEEM is a professional implementation partner. They provide mentoring and training to selected women entrepreneurs, and guide them to investment readiness.

The WE4A program’s primary goal is to support women entrepreneurs in Sub-Saharan Africa grow their businesses and help create jobs in their communities by providing them with better entrepreneurial skills, access to financial literacy skills, and integration into local and regional value chains.

The program works to eliminate gender inequalities in employment, and particularly in quality. The WE4A program aims to spark structural change because successful female entrepreneurs are often role models in their communities and encourage more girls to follow their dreams.

WE4A Acceleration Programme

WE4A participants in a workshop event
Participation of WE4A in a workshop

The Acceleration Programme offered a total of 800 hours in mentor meetings, 67 hours per company training, and 234 experimentation to 99 women-led businesses. This was from 15 countries in Sub-Saharan Africa.

Its benefits are evident in the 88 per cent of SMEs who have experienced a positive change on their One Metric That Matters(OMTM), the 91 per cent of companies that have met their individual goals, and the 165 new jobs in the companies. These jobs can all be directly attributed the program (on top the 1,126 jobs that were initially supported at the start).

Interested investors and partners can learn more about the enterprises in the cohort by watching pitch videos on the WE4A Acceleration Programme website, where one-on-one meetings with the entrepreneurs can also be scheduled: safeem.org/women-entrepreneurship-4-africa.

WE4A Growth Programme Participants

These 14 Nigerian female companies are 360 Psyche (Nigeria), The Ecobarter Company (Nigeria), SourceMyGadgets (Nigeria), Redbutton (Nigeria), Promane and Promade Ltd/MCare App (Nigeria), Paperbags (Nigeria), ORIKI Global & Synergy LImited (Nigeria), MyStash (Nigeria), Mamamoni (Nigeria), Loom Craft Chocolate (Nigeria), Happy Coffee (Nigeria), Farm On Wheels (Nigeria), Farm Innovation Nigeria Ltd (Nigeria), Africa Wealth Initiative (Nigeria)

The following are other women-led businesses Chil Artificial Intelligence Lab (Uganda), Dial A Pad Limited (Kenya), Dromedic (Uganda), Eco Hustle Co Ltd (Mauritius), FarmerTribe (Ghana), Farmio (Ghana), Fenou Packaging (Mauritius), Innovate Labs (Ghana), Kosmotive (Rwanda), Kwanza Cocoa (Malawi), Mukuru Clean Stoves (Kenya), Nyayo Moms Sokos Limited (Kenya), Plumbee Wholefoods Ltd (Kenya), Store2Door (Rwanda), Women Smiles Uganda (Uganda), ZAAF Collection (Ethiopia).

Sponsors for the WE4A program

In WE4A’s quest to provide enhanced business capacities, access to funding, market opportunities, knowledge enhancement, and technical training to female-led SMEs, it collaborated with different organisations including the European Union (EU), the Organisation of African, Caribbean, and Pacific States (OACPS), and the German Federal Ministry for Economic Cooperation and Development (BMZ).

There was also implementation by the Tony Elumelu Foundation (TEF) and the Deutsche Gesellschaft für Internationale Zusammenarbeit (DGIZ) (E4D program), and finally the main host, Swiss Association for Entrepreneurship in Emerging Markets (SAFEEM), a Seedstars Group member, who is in charge of the WE4A acceleration and growth program components.

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