Kenya’s Elizabeth Mwangi (Gwiji) emerged among 100 women-led startup owners selected to participate in the She Wins Africa program. The program is an IFC-led initiative that aims to accelerate access to capital for women-led startups across sub-Saharan Africa.
Other Kenyans who were selected include Ebby Gatamu (Cladify), Rose Goslinga (Pula Advisors), Temitope Hudeyin (Zoper Technologies), Ramia Jamac ( MobileUurka), Aisha Langat (Sulma Wholefoods), Norah Magero (Drop Access Ltd), Bett Mbithi (Vuna Technologies Ltd), Lesley Mbogo (Gobera), Noreen Kwamboka (Rethread Africa), Mary Njeri (Ecocharge), Kessia Ntirandeka (Ecobba), Stella Nyaga (Smart Reja), Josephine Otieno (Radava Mercantile), Beverly Otieno (Panacare), Lucy Wangari (Onion Doctor) and Lorna Cherono (Ecopost Sustainable Living).
👏Exciting news! @IFC_org has selected 100 #Women from 23 countries across #Africa to participate in the #SheWinsAfrica program. The women are set for a year of intensive training, networking, mentorship & engagements with potential investors. pic.twitter.com/Bzdex5jTj3
— IFC Africa (@IFCAfrica) February 22, 2024
The selected women will participate in comprehensive interventions that will strengthen their companies’ investment readiness, include advice and mentorship, and provide access to potential investors, industry leaders, and peers through matchmaking and pitching opportunities across Africa. The initiative is a part of IFC’s broader commitment to promote gender equality and empower women entrepreneurs in emerging markets.
The 100 participants announced today were drawn from almost 3,000 applicants comprised of women entrepreneurs across Africa in sectors ranging from ag-tech, climate-tech, e-commerce, ed-tech, health-tech and fintech etc.
In addition to the investment-readiness program for the 100 selected participants, She Wins Africa will roll out other initiatives, including:
- a bootcamp to help lead 200 pre-seed women-led startups into acceleration phase,
- an initiative to open up acceleration support for an additional 200 women-led startups in areas where such support is not easily available; and
- a program to create a coalition of funds, venture capital firms and gender-lens investors to improve access to finance for women and their businesses across Africa.
“IFC’s She Wins Africa empowers women entrepreneurs through coaching, training, and financing, accelerating their growth and investment readiness throughout sub-Saharan Africa, said Nathalie Akon Gabala, Director of Gender and Economic Inclusion at IFC. “It’s time for investors to step up and fund women. A strong entrepreneurship ecosystem benefits us all.”
The She Wins Africa program was launched at the Africa CEO Forum in Côte D’Ivoire in 2023. She Wins Africa is the second initiative of its kind, following IFC’s She Wins Arabia program which has supported 170 women entrepreneurs and more than 35 Entrepreneur Support Organizations (ESOs) in North Africa and the Middle East since 2021.