The International Finance Corporation (IFC) has unveiled the selection of 100 women-led startup owners for the She Wins Africa program, designed to facilitate access to capital for women-led startups in sub-Saharan Africa.
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The chosen participants will receive support to enhance their companies’ investment readiness, including guidance, mentorship, and networking opportunities with investors and industry leaders.
IFC’s initiative aims to advance gender equality and empower women entrepreneurs in emerging markets. 100 participants were chosen from almost 3,000 applicants, representing women entrepreneurs across Africa in sectors like ag-tech, climate-tech, e-commerce, ed-tech, health-tech, and fintech.
In addition to the investment-readiness program for the selected participants, She Wins Africa will implement other initiatives.
These include a bootcamp to support 200 pre-seed women-led startups in transitioning to the acceleration phase, providing acceleration support for an additional 200 women-led startups in regions lacking such resources, and establishing a program to unite funds, venture capital firms, and gender-lens investors to enhance access to finance for women and their businesses across Africa.
She Wins Africa program was introduced at the Africa CEO Forum in Côte D’Ivoire in 2023, as the second initiative after IFC’s She Wins Arabia program.
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