Seven dynamic women-led Micro, Small, and Medium-sized Enterprises (MSMEs) have triumphed in securing an impressive $2 million in funding from private high net-worth investors. In a celebratory conclusion to the Women Entrepreneurship for Africa (WE4A) project, additional enterprises received substantial grants and equipment support to fortify their businesses.
Under the theme ‘Leveraging the Untapped Potential of Female Entrepreneurs for Job Generation’, this pivotal event provided a platform for women entrepreneurs to exchange wisdom, recount their journeys, and discuss opportunities and challenges faced. It showcased their achievements and significant contributions within their sectors, fostering networking and encouraging dialogues for future initiatives.
Despite women owning 44% of MSMEs in Ghana, barriers like access to finance and outdated customary laws persist. This two-year project, facilitated by GIZ and the Tony Elumelu Foundation, empowered about 40 women, equipping them with tools for growth. These businesses collectively secured 217 jobs and created 103 new positions, illustrating the project’s impact.
Gerald Guskowski, Cluster Coordinator-Sustainable Economic Development at GIZ, emphasized the program’s goal to enhance women’s economic inclusion, create decent jobs, and empower them for lasting impact. He urged continued support for women-led enterprises beyond the program’s closure, encouraging the entrepreneurs to serve as inspiring examples of economic empowerment for their communities.