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Apply for African Development Bank NGO Grant to support women entrepreneurs for business enabler Closes on 30th May 2021

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Apply for African Development Bank NGO Grant to support women entrepreneurs as a business enabler Closes on 30th May 2021

Apply for African Development Bank NGO Grant

Apply for African Development Bank NGO Grant

Applications must be received by midnight on 30 May 2021.

This May, the African Development Bank Group is launching a call for proposals for projects enhancing the viability and sustainability of women entrepreneurship enablers.

Women’s business associations, incubators, accelerators, and cooperatives that advance women’s entrepreneurship, can apply for funding for innovative projects or programs to bolster the skills of small and medium enterprises (SMEs) owned and run by women across Africa, the Bank announced.

Entrepreneurship enablers, which include business associations and civil society organizations, play an important role in empowering women to establish bankable SMEs and other businesses. However, the enablers themselves often face challenges, such as long-term growth plans and lack of financing, which reduce their reach, impact and sustainability.

“Women business enablers are critical to creating a viable enabling environment in which women entrepreneurs can grow and create businesses that generate jobs for the continent. Through the Affirmative Finance Action for Women in Africa initiative, the Bank is committed to supporting enablers to strengthen the business and financial skills as well as wealth-creating capacity of their members,” said Esther Dassanou, manager of the program, also known as AFAWA.

The Bank will assess applicants’ track record in supporting women SMEs, innovation and strong development impact, as well as their capacity to mobilize other sources of funding. Eligible organizations may request funding of between $100,000 and $250,000, provided through the Bank’s Gender Equality Trust Fund.

Applications must be received by midnight on 30 May 2021.

“This call for proposals is an opportunity for direct and concrete support for women entrepreneurship enablers to scale up their growth and impact, and advance women’s financial inclusion on the continent,” said Vanessa Moungar, Bank Director for Gender, Women and Civil Society.

While all countries will be considered, proposals from the following countries that already align with the ongoing AFAWA Guarantee for Growth Program pipeline are strongly encouraged to apply: Cameroon, Congo-Brazzaville, Democratic Republic of Congo, Gabon, Kenya, Lesotho, Madagascar, Malawi, Morocco, Mozambique, Senegal, South Africa, Tanzania, Rwanda and Zambia.

For more details on the process and to access the proposal application click here.

AFAWA aims to unlock $5 billion in financing for small and medium enterprises owned and managed by women by 2026. AFAWA is supported by the Bank’s partners and donors, the Group of Seven (G7) countries as well as the Netherlands and Sweden, and the Women Entrepreneurs Finance Initiative (We-Fi). The funding, which aims to strengthen the ecosystem for women’s entrepreneurship, is in line with the Bank’s agenda to further gender equality and women’s empowerment.

Contact:

  • Media contact: Amba Mpoke-Bigg, Communication and External Relations Department, African Development Bank, email: a.mpoke-bigg@afdb.org(link sends e-mail)
  • Technical contacts: Esther Dassanou, email: m.dassanou@afdb.org(link sends e-mail) and Bernard Chitunga, email: b.chitunga@afdb.org(link sends e-mail)

 

Source: https://www.afdb.org/en/news-and-events/press-releases/african-development-bank-invites-business-enablers-apply-funding-support-women-entrepreneurs-43569

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Dayo Adetiloye Business Hub
Dayo Adetiloye Business Hub is a grassroot business development service provider with a 6 year of track record of excellent service delivery for local and international clients.

As a leading business development service provider in Nigeria, Dayo Adetiloye Business Hub has been recognized and certified by Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) in Conjunction with Enterprise Development Centre (EDC), Pan-Atlantic University (PAU) of the Lagos Business School (LBS).

Our solutions are designed for MSMEs and are supported by deep insight into various industries and extensive experience acquired from over the years by supporting our clients as partners in their business transformation.

Through our services and business activities, we help individuals/entrepreneurs transform their business ideas into a business venture, and support existing business to scale or expand their operation. We also connect startups and MSMEs with opportunities and resources for their business growth.

We have Consulted for more than 5000 MSMEs in the last 6 years in various industry including Agro-processing, Consulting, Training and Education, Financial Services, Waste Management, Renewable Energy, Oil and Gas, Construction, Real Estate, FMCG, Digital Marketing, Personal Branding etc.

Our Vision:
To become the leading grassroot business Hub that provides Business
Development Services in the global online community

Mission Statement:
- Provide bespoke management and business planning consultancy
- To connect MSMEs with opportunities and resources for their business startup, growth and expansion through trainings, seminars, coaching, consulting, mentoring, and Angel investing.
- To inspire, empower and champion entrepreneurship in the global online community.

Business Goals and Objective

- Engender national prosperity by contributing to the creation of at least 100 new businesses every year
- Become a go-to brand for outstanding business development services for MSMEs
- Strategic partnership with local and international organization to empower start-ups
- Continuous innovation to serve our clients better

Core Values:
Integrity
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Digitalization
Personal Development (Capacity Building)
Excellent Customer Satisfaction
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