Women Entrepreneurship for Africa program: The Tony Elumelu Foundation launches second instalment.

According to a press release the TEF issued March 12, the initiative has been launched with the partnership of the German Agency for International Cooperation, GIZ, and supported by the European Union, EU. 

Through the WE4A initiative, the TEF and its partners have committed to increasing the economic inclusion and empowerment of African women with existing green businesses or ideas, whilst contributing to creating decent jobs in African economies.

“This ambitious programme aims to strengthen the entrepreneurial capacities of African women in the green sector by facilitating access to financing, market opportunities, and improved knowledge and technical training for African female entrepreneurs,” the release stated. 

It further specified that the key objective is to improve the commercial capacity of women-led businesses and increase their chances of raising follow-up funding from private sector investors.

The partnership programme promises $5,000 (about 3 million FCFA) in grants to 1,000 African women entrepreneurs, green business training, mentoring, and lifetime access to the network entrepreneurs. 

The statement issued indicated that WE4A’s activities will be deployed in Cameroon and several African countries, with a particular focus on local capacity building and creating strong partnerships with public and private sector players.

Interested entrepreneurs working in the renewable energy, sustainable agriculture, sustainable aquaculture, waste management, eco-tourism, eco-transport and logistics as well as eco-construction have been profoundly encouraged to apply via the website https://www.tonyelumelufoundation.org/women-entrepreneurship-for-africa before the closing date slated for March 31st, 2024.

The release has also invited interested entrepreneurs wishing to enquire more on the said WE4A initiative to contact the foundation through the email: moyo.awotile@tonyelumelufoundation.org

About The Tony Elumelu Foundation

The Tony Elumelu Foundation is a pan-African non-profit organisation committed to promoting entrepreneurship in Africa by providing financial support, mentoring, training and networking to African entrepreneurs. 

Since its inception, the Foundation has invested in thousands of entrepreneurs across the continent, helping to stimulate economic growth and create sustainable jobs.

About GIZ

Deutsche Gesellschaft für Internationale Zusammenarbeit, also known as the German Agency for International Cooperation, GIZ is an international cooperation agency for sustainable development, active in over 120 countries worldwide. 

In Africa, GIZ partners with governments, civil society organisations and the private sector to promote economic, social and environmental development.

About the European Union

The European Union is a political and economic organization of 27 member states, working for peace, prosperity and solidarity throughout Europe and the world. The EU actively supports the socio-economic development in Africa through various programs and initiatives.