Photo from Academy for Women Entrepreneur Lagos’s Facebook page
Advisor to President Ivanka Trump lastweek, announced the launched of $10 million seed funding in new partnerships to support the White House-led Women’s Global Development and Prosperity Inititiative (W-GDP). The partnership between the U.S Department of State’s Bureau of Educational and Cultural Affairs (ECA) and the U.S African Development Foundation (USADF) will expand the Academy for Women Entrepreneurs (AWE).
AWE was created in 2019 and launched in 26 countries around the world to support W-GDP, which aims to economically empower 50 million women in the developing world by 2025.
Advisor to President Ivanka Trump explains that “W-GDP is the first ever whole-of-government approach to women’s economic empowerment, developed intentionally to inspire collaboration on best programs and partnerships.
“I am proud to see the State Department and U.S. Africa Development Foundation partner together to expand the Academy for Women Entrepreneurs (AWE) in support of W-GDP. W-GDP focuses on scaling programs that will have maximum impact for women and communities around the world.,” he said.
According to United State Department, “this new U.S. government interagency partnership will provide select AWE graduates in Africa with seed funding to start and scale their enterprises. Beginning this year, through 2025, USADF will provide up to $10 million in grants to the most promising African AWE graduates. In 2020, funding will be awarded to AWE graduates from the following countries: Ghana, Kenya, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Uganda, Zambia, and Zimbabwe.”
USADF believes Africa’s growth and prosperity will be driven by women. In 2019, women social entrepreneurs and women-led enterprises constituted approximately 66% of USADF’s total investees. USADF is partnering with the State Department on AWE to promote African women’s entrepreneurship and increase their access to capital, markets, technical assistance, and mentorship.
AWE supports Pillar 2 of W-GDP by providing women with the knowledge, skills, and networks needed to create sustainable businesses and enterprises. Through an inclusive learning community and mentoring opportunities, women from around the world will explore the fundamentals of business, including creating business plans and raising capital, with the goal of building a better future for their families and communities across Africa and around the world.
For more information, visit https://eca.state.gov/awe
