FinDev Canada, the Agence Française de Développement (AFD) and its subsidiary, Proparco, have announced the launch of a capacity-building project for women entrepreneurs in the context of the COVID-19 pandemic.
This project follows the 2X Invest2Impact,business competition created in 2019 to identify and support the growth of roughly 100 high-potential, women-owned small or medium enterprises (SMEs) in five East African countries: Ethiopia, Kenya, Uganda, Rwanda and Tanzania.
The project’s main objective is to offer a range of financial and non-financial capacity-building measures to 2X Invest2Impact partner SMEs to help them to address the key challenges they face, particularly in response to the COVID-19 pandemic.
This capacity-building project specifically aims to help participating entrepreneurs overcome the current crisis and support the development of effective business strategies and investment readiness so they can raise the necessary funds to ensure their growth and sustainability.