This informs the public about the Graça Machel Trust Women Creating Wealth -Intergenerational (WCW-I) Program 2024. Details about the Program are given below. We are excited to announce the expansion of the Graça Machel Trust’s Women Creating Wealth -Intergenerational (WCW-I) edition in partnership with the Mastercard Foundation.
The program aims to transform Africa’s economies through meaningful support to women entrepreneurs to enable them to grow and in so doing, uplift their communities and productive exchange and collaboration between women.
Program Details
Africa stands as a global leader in female entrepreneurship, with women constituting 58% of the continent’s self-employed population. Despite this, a recent World Bank report, ‘Profiting from Parity’, reveals that women entrepreneurs in sub-Saharan Africa face challenges in achieving substantial profits and scaling their businesses.
The pivotal role of Small, Medium, and Micro Enterprises (SMMEs) in Africa cannot be overstated; these businesses are vital engines for job creation, economic growth, and poverty reduction. In diverse sectors such as agriculture, technology, and services, SMMEs contribute to skill development and inclusive progress.
Benefit
- To have structured training on the WCW Online Ignite course with customized coaching, mentoring, advice, and technical
- To equip yourself with the mindset, tools, skills, resources and networks you need to accelerate the growth of your business, so you can create employment for youth.
- To unleash your potential as a woman entrepreneur and a wealth creator.
- To be able to set audacious goals, find accountability partners, and strengthen personal mastery, confidence and resilience to overcome obstacles.
- To be able to get invitations to regular entrepreneurship networking events and round tables to build social and business capital.
- To be able to access a pool of rated service providers to support growth, access to markets and finance.
- After completion of the program, become part of a 3-year dynamic movement led by women entrepreneurs with the ambition, vision, and commitment to create wealth for their families and employment opportunities for young people in their communities.
Eligibility
- Young and established women who are operating a business in at least one of the following countries at the date of application:
- Kenya
- Malawi
- Senegal
- South Africa
- Tanzania
- Zambia
- Age: 18 years and above.
- Must have completed secondary school education.
- Have an annual business turnover of between USD 10,000 to USD 500,000 or the equivalent of the local currency.
- Have business experience of at least two years of operating any form of business.
- You are not presently engaged in another entrepreneurship support program lasting longer than a week.
- Your business currently employs a minimum of 5 young people and demonstrates the potential to expand further, creating additional job opportunities for the youth.
- Have an operational business or a product/service that can be tested in the market with the potential for growth and impact.
- Businesses can be sole proprietorships, partnerships, companies, cooperatives, or groups.
- Business must fall within any of the following sectors:
- Agriculture
- Tourism
- Manufacturing and Value addition
- Transport and Infrastructure
- Information & Communications Technology (ICT)
- Building & Construction
- Trade and services
- Renewable Energy/Green Energy
How to Apply
Application Deadline
- The deadline for receipt of applications is 12 March 2024.
Open this link for more details about Graça Machel Trust Women Creating Wealth -Intergenerational (WCW-I) Program 2024.
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