#Nigeria #Lagos #European Union #Women Entrepreneurs #IYBA-WE4A

Significant Funding for Women-Led Businesses in Africa

The Investing in Young Businesses in Africa – Women Entrepreneurship for Africa (IYBA-WE4A) Programme has officially launched its second cohort aimed at supporting over 1,000 women-led businesses across Africa. This initiative is a collaboration among several global development leaders including the European Union (EU), the Organisation of African, Caribbean and Pacific States (OACPS), the German Federal Ministry for Economic Cooperation and Development (BMZ), Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), and the Tony Elumelu Foundation (TEF).

History and Impact of the IYBA-WE4A Programme

Following the success of the inaugural cohort that provided funding of USD $3.99 million to 751 women-led green businesses, the program is set to expand its reach. Open for applications from October 6, 2025, until January 25, 2026, successful applicants will receive USD $5,000 as non-refundable seed capital along with a suite of supportive measures tailored to foster their business growth.

The targeted sectors for this year's funding encompass vital areas such as sustainable agriculture, renewable energy, eco-tourism, and more. This reflects a clear commitment to not just empower women but also advance environmental sustainability, reinforcing the principles behind the EU’s Gender Action Plan (GAP III).

Application Process and Program Offerings

Eligible entrepreneurs can apply via the TEFConnect digital platform. Successful applicants will gain:

• - USD $5,000 Seed Capital: A financial boost aimed at helping them scale their businesses effectively.
• - Business Management Training: Comprehensive training within the TEF Entrepreneurship Programme, inclusive of a customized green curriculum tailored for sustainable practices.
• - Mentorship Opportunities: Continuous mentorship and access to the TEFConnect platform for sustained growth and readiness for future investments.
• - Specialized Masterclasses: Industry experts will lead sessions on finance, digital growth, leadership, and other relevant topics crucial for business expansion.

The Road Ahead

As stated by Somachi Chris-Asoluka, CEO of the Tony Elumelu Foundation, the aim is to utilize this program as a transformative force, underscoring the vital role women entrepreneurs play within Africa’s economies. This partnership represents an accelerated effort to enhance women’s economic empowerment and contribute to the green economy movement, showcasing the remarkable potential of women when they receive the necessary support.

Furthermore, Romina Kochius, Director of the WE4D programme, emphasized the private sector's crucial role in fostering socioeconomic changes aimed at alleviating poverty and promoting equality.

Conclusion

The IYBA-WE4A initiative stands as a testament to the growing recognition of women’s contributions to economic sustainability and social progress in Africa. The collaborative effort among international and local bodies ensures that the pathway is paved for future entrepreneurs, thereby creating a robust network of support for women-led businesses. If you’re an eligible woman entrepreneur in Africa, be sure to apply through www.TEFConnect.com before the January 25, 2026, deadline.