Expires on April 21, 2023 | ECOWAS Region ShEquity Business Accelerator (SHEBA) 2023 for Female Entrepreneurs
The ShEquity Business Accelerator (SHEBA) 2023 is now accepting applications. The 17-week SHEBA program offers venture development and technical assistance to female African entrepreneurs throughout the ECOWAS area who want to expand their companies and become investment-ready.
ShEquity and MBC Africa, its implementation partner, established SHEBA in March 2021 to address the gender funding gap by de-risking African female-led businesses, making them investment-ready, and providing the founders with the necessary skill set to expand and develop their companies.
With participants from the following nations: Benin, Burkina Faso, Ghana, Guinea, Mali, Niger, Nigeria, Senegal, Sierra Leone, and Togo, the SHEBA program has run three (3) cohorts of 30 participants each.
| Title: | ECOWAS Region ShEquity Business Accelerator (SHEBA) 2023 for Female Entrepreneurs |
| Nationality: |
Benin, Burkina Faso, Ghana, Guinea, Mali, Niger, Nigeria, Senegal, Sierra Leone, and Togo |
| Funding: | US$50K and $250K |
| Deadline: | April 21, 2023 |
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| WhatsApp Link: | Click Here |
| Telegram Link: | Click Here |
ABOUT SHEBA
SHEBA concentrates on scalable, impactful enterprises in agribusiness (including agritech, production, processing, wholesale, and retail, as well as all other areas of the agribusiness value chain), fast-moving consumer goods (FMCGs), healthcare, mobility/logistics, and tech-enabled businesses (fintech, clean tech, ed tech, etc.).
SHEBA is positioned as the bridge to bridging the gender financing gap in Africa with only 2.4% of the total money raised by startups in Africa in 2022 ( $4.8 billion) raised by female-only founding teams. The accelerator program focuses on business development, finances, legal & governance, human resources & leadership, marketing & communications, as well as impact measurement in order to allay investors’ worries and investment risks. Hands-on market testing, executive coaching, mentorship sessions, and chances to tap into ShEquity and MBC Africa’s pan-African and international networks all support this investor-focused strategy.
Benefits
- SHEBA offers the chance to get finance from ShEquity and other investors within the ShEquity network in addition to the strong program development focus.
- Qualifying enterprises are suggested to the ShEquity team for investment consideration after the accelerated program.
- Between US$50K and $250K is the normal range for a ShEquity seed investment, with the possibility of extra post-investment support.
Eligibility
- Available to female business owners in Africa.
- Businesses of applicants must be legally registered in ECOWAS nations;
- having a minimum of 51% female ownership and management;
- have been active for at least a year.
Application
The deadline for applications is April 21, 2023. Late applications won’t be taken into consideration.
Visit ShEquity Business Accelerator for additional details.
