Visa and Standard Bank as well as the United Nations Economic Commission for Africa (UNECA) has approved a grant for the African Women Impact Fund (AWIF).
The grant will be utilised to fund the working capital needs of women fund managers across South, East, and West Africa and will target 55 women who responded to AWIF’s call and have been part of their programme since 2020.
Visa’s grant to the AWIF is an extension of the She’s Next program, a global advocacy program for women-owned businesses that have been expanded to sub-Saharan Africa to further champion and strengthen African women business owners as they build, sustain, and advance their businesses.
Senior Vice President & Head of Sub-Saharan Africa, Visa, Aida Diarra, said: ”The aim of She’s Next is to help women-owned businesses thrive and our ambition with this grant is to enable access in a space where women-owned firms are under-represented.
“Through this programme, we aim to ensure that women are not only recipients but become decision-makers where institutional funding for businesses is concerned.”