In partnership with
PROGRAMME
The African Development Bank initiative Affirmative Finance Action for Women in Africa, known as AFAWA, is a pan-African initiative to bridge the $42 billion financing gap facing women in Africa.
In this context, Women In Africa is commissioned by the African Development Bank to develop the “No Gap” programme which aims to:
to present a mapping of the support and financing structures for women entrepreneurship in Cameroon, Gabon, Senegal and Madagascar
support organizations supporting women entrepreneurs in these 4 countries to strengthen their capacities and facilitate their access to financing
develop partnerships with funding institutions to enable women entrepreneurs in the selected countries to access more funding
TRANING AND SUPPORT
“No Gap” will provide long-term support solutions for women’s entrepreneurship support organizations, support and build capacity and expand access to financing for thousands of women entrepreneurs in target countries.
44 ORGANIZATIONS
The program began in November 2023 in the target countries, where organizations receive nine months of training and support from Concree, a company specialized in designing, managing, and evaluating entrepreneurial support programs, along with experts.
These trainings have enabled them to learn how to manage their business, communicate with third parties, offer value-added services for female entrepreneurs, and implement mentorship programs.
4,400 ENTREPRENEURS
Are you an entrepreneur in one of these four countries?
We invite you to join the No Gap programme!
The 44 organizations will start training 4,400 selected beneficiary MSMEs*. At the end of the training, a Digital Road Show will be organized in partnership with financing institutes in Cameroon, Gabon, Senegal, and Madagascar. This will provide the entrepreneurs with an opportunity to receive funding.
Note: *Definition of a “Women’s MSMEs”
A business owned by women/led by women:
– ≥ 51% owned by one or more women; or
– ≥ 20% owned by one or more women, and having at least one woman as CEO/COO (President/Vice-President); and having ≥ 30% of the board of directors composed of women, when a board exists.
– Loan amounts range from 5,000 USD to 1 million USD.