AfDB´s AFAWA initiative: approved proposals will receive between $150,000 and $250,000 in funding

The African Development Bank Group’s Affirmative Finance Action for Women in Africa (AFAWA) initiative will host a virtual information session on its call for proposals to transition women entrepreneurs from informal to formal economies. Approved proposals will receive between $150,000 and $250,000 in funding.

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Part of AFAWA’s mission is to support innovative projects to draw women entrepreneurs from the informal to the formal economy. Thus, proposal objectives may include:

• building a supportive ecosystem for women entrepreneurs.
• developing innovative ways to disseminate advisory services that address constraints that prevent women entrepreneurs from formalising their activities – such as business registration, policy advocacy, market chains and linkages, contracts and account opening.
• developing financial mechanisms and programs to help financial institutions bring women from the informal sectoral services into the formal economy.

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The deadline for proposal submission is 00:00 GMT, 25 February 2022.

Moderators:

– Benard Chitunga, Senior AFAWA Officer – Partnerships, Donors and Special Projects, African Development Bank

– Oley Cole de Mel, Gender consultant

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The webinar will be conducted in French with simultaneous English translation.

Source: AfDB