ShEquity to launch ShEquity West Africa Venture Capital Fund and the ShEquity Business Accelerator simply termed SHEBA aimed at giving female business owners investments, venture building and technical support.
This is a female focused VC outfit launched in 2020 in an effort to reduce the over $42 billion gender gap in funding on the African continent. They come with the purpose of providing sustainable investments for African female entrepreneurs and innovators. Their offerings include access to funding, operational support to businesses and access to pool of impactful deals.
It is reported that the VC firm has already invested into three companies which include SuperFluid Labs, a B2B data analytics and AI system for businesses and organizations and Ecodudu, an insect feed manufacturer (both in Kenya) as well as WidEnergy in Zambia, provider of last mile distribution of clean, reliable, and affordable energy solutions.
Accra-Ghana will be the headquarters of the ShEquity West Africa VC Fund and ShEquity Business Accelerator. It is hoped SHEBA will work with female entrepreneurs to help them grow their businesses and create pipeline for the fund in the coming months.
In an interview with Disrupt Africa, Pauline Koelbl, the MD, said, “Through SHEBA, we plan to onboard 30 female entrepreneurs each year, who will receive venture building and technical support. Of these, qualifying entrepreneurs will receive investment from our VC fund. Our goal is to build an investment ecosystem which unlocks the potential of African female entrepreneurs.”
She continued that they are interested in innovative, sustainable and impactful businesses that can generate revenue within one year. Commenting further, she added that they focus on sectors such as natural resources, the digital economy and fintechs, the hospitality and service industry, agriculture, healthcare, and FMCGs.
Among the partners of ShEquity includes GreenTec Capital Partners, Women In Tech Africa, Kumasi Hive, African Women Innovation and Entrepreneurship Forum (AWIEF) and others.
Anzisha Prize: Nominate A Young Entrepreneur for A Share of US$100K
The Anzisha Prize team calls for nomination to the 2021 Top 20 Anzisha Prize Fellows. This invitation to nominate the top entrepreneurial talents from all African countries is for persons between the ages of 15 and 22 who will receive financial and networking support they need to succeed.
This is a competition not awarded for great ideas or business plans but rather, one to recognize young entrepreneurs who are operating for-profit and non-profit ventures which do well to demonstrate ingenuity, scalability and have a social impact.
The Anzisha Prize team says, your nomination is a vital endorsement that recognises their great works. Annually, 20 leading youth entrepreneurs are selected to become Anzisha Prize Fellows.
The Anzisha Prize so far is the biggest award for young African entrepreneurs between 15 and 22, and over US$100,000 each year is given in prize money to these young entrepreneurs from across the continent.
What are the criteria for the Azisha prize?
- Your nominee should be between the ages of 15 and 22
- Do they run a business venture which is already delivering value to customers?
- Is your nominee involved in the strategy and operations of the venture?
- Is the business already having a social impact?
- Is the business earning a revenue, or reaching beneficiaries with the potential to realize more growth (both ‘for-profit businesses’ or ‘not-for-profit’ ventures qualify).
Alaa Moatamed of Egypt won the 2020 Anzisha grand prize and also the first Egyptian female to do so. Her business is Presto, which is an automated delivery system that is connecting vendors with their customers and suppliers.
After nominating, so what?
Your nominees for the Prize still need to submit an application because your nomination is an endorsement, a recommendation letter on behalf of the candidate.
Candidates then submit an application that gives full information about their business, enabling them to be evaluated for participation in the fellowship.
The nominee receives an email letting them know that they have been nominated, and also a reminder to apply for the prize once applications are open.
Itching to help find the next top 20 Anzisha prize winners? NOMINATE HERE.
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