What Is The Program About?
The Tony Elumelu Women Entrepreneurship for Africa(WE4A) program was created to enable women entrepreneurs in Africa to have access to capital, market opportunities, knowledge enhancement, and technical training. It also intends to strengthen the business capacity of women-led businesses and raise their prospects of obtaining additional finance from private investors.
Additional Details On The Program
The Tony Elumelu Foundation (TEF) is implementing the program alongside the German Development Agency GIZ, which is supported by the European Union (EU), the German Federal Ministry for Economic cooperation and Development (BMZ) (E4D program), and Organization of African, Caribbean and Pacific States (OACPS).
Its goal is to empower women, youth, and the informal sector in Sub-Saharan Africa’s disadvantaged communities. SAFEEM (Swiss Association for Entrepreneurship in Emerging Markets) will also assist in the implementation of the Acceleration/Growth Programme.
Features Of The Program
- A total of €10,000 grant funding to 120 women entrepreneurs from the TEF alumni network.
- The virtual acceleration program provides three months of technical help.
- Additional grant financing of up to €50,000 for up to 15 high-growth-potential firms.
Criteria for Eligibility
Applicants for the Tony Elumelu Foundation Women Entrepreneurship for Africa Program must meet the following requirements:
- From the TEF Alumni network, become a female entrepreneur in Africa.
- Your product and services must be able to add value to the African continent.
- Have a strong desire to succeed as an entrepreneur.
How To Apply
Interested and qualified applicants for the Women Entrepreneurship for Africa Program 2022 should apply online by the application deadline.