Grants for Women Entrepreneurs in Africa (African Development Bank SME Facilities)

Grants for Women Entrepreneurs in Africa (African Development Bank SME Facilities) is sponsored by African Development Bank (AfDB). The African Development Bank runs multiple SME-focused credit and grant lines, often disbursed through partner institutions such as national development banks.

African Development Bank | Women Entrepreneurs Finance Initiative Hit enter to search or ESC to close [2025 Annual Report] From Capital to Jobs: Scaling Finance for Women Entrepreneurs Introducing: WE Finance Code We-Fi Implementing Partner Mobilization Target: $540m Catalyze $75m in financing to WSMEs Reach 48,000 women entrepreneurs Benin, Botswana, Burkina Faso, Burundi, Chad, Comoros, Côte d’Ivoire, Democratic Republic of Congo, Egypt, Ethiopia, Kenya, Mali, Mauritania, Mozambique, Niger, Nigeria, Rwanda, Senegal, Sierra Leone, South Africa, Tanzania, Togo, Tunisia, Uganda, Zambia, and Zimbabwe.

Round II: Affirmative Action for Women in Africa (AFAWA) This program seeks to improve WSMEs’ access to finance across the African continent using a unique risksharing mechanism dedicated to WSMEs. It also focuses on overcoming some of the institutional challenges constraining women’s access to finance.

By employing a holistic approach, the program offers innovative and tailored financial products, including a credit enhancement instrument, specialized capacity building trainings to financial institutions and WSMEs, and targeted initiatives to transform the business-enabling environment for WSMEs. AFAWA comprises the following components: 1.

Improving access to finance for WSMEs by implementing a first-loss risk sharing facility to de-risk the WSME portfolio of banks, SME impact funds, and financial institutions-focused funds that invest in Tier 2 and 3 banks and microfinance institutions that target WSMEs. 2.

Providing technical assistance to partner financial institutions on developing products for WSMEs, and providing capacity building to WSMEs, cooperatives, and other women’s associations on financial literacy, business plan development, and financial management. 3.

Improving the policy and enabling environment for WSMEs across Africa by assessing legal and policy frameworks in target countries, highlighting gaps and policies to enhance women’s financial inclusion, and promoting grassroots advocacy and enactment of policy and legal reforms. 4.

Promoting special initiatives to expand access to financial and non-financial services and develop activities that complement and maximize outreach to underserved urban and rural women entrepreneurs and WSMEs.

Round IV: Africa Digital Financial Inclusion Facility (ADFI) The Africa Digital Financial Inclusion facility (ADFI) is a blended finance facility that combines grant money and debt financing to support the development of digital financial services. We-Fi funding is used to scale the provision of digital financial services to WSMEs to bolster their business productivity and resilience. The key program components are: 1.

Technical assistance to identify key stakeholders to increase WSMEs’ access to finance. The objective is to connect WSMEs with banks, mobile money operators, insurance providers, technology providers, and corporates. 2.

Capacity building to provide WSMEs with the necessary skills to leverage technology and support for financial service providers to design digital credit solutions relevant to the needs of WSMEs. 3. Blended finance and results-based mechanisms (RBMs): to support participating institutions in systematically changing their approach to access to credit for WSMEs.

AfDB IFC and the African Development Bank Launch Program to Support Women Farmers in Côte d’Ivoire Supported by We-Fi, IFC and AfDB's Affirmative Finance Action for Women in Africa (AFAWA) initiative… Implementing Partner Proposals AfDB 2020 Annual Progress Report WATCH: Implementing Partner Spotlight (October 2021) AfDB Annual Progress Report FY21 AfDB Annual Progress Report FY22 AfDB Annual Progress Report FY23 AfDB Annual Progress Report FY24 we-fi [at] worldbankgroup.

org Check out our Flickr album We-Fi MENA Regional Summit 2020 We-Fi West Africa Regional Summit 2019 CSW70: Making Systems Work for All CSW68 Side Event: WE Finance Code: Collective Action to Close the Gender Finance Gap World Bank-IMF Annual Meetings We-Fi Research Conference We-Fi Secretariat and Implementing Partners