The Aspen Network of Development Entrepreneurs (ANDE) today announced that three organizations in Africa have been selected to receive funds under the Accelerating Women Climate Entrepreneurs (AWCE) Fund.
The AWCE Fund, an activity under the Accelerating Women Climate Entrepreneurs project, aims to contribute to poverty reduction and respond to climate change by identifying and promoting good practices to support women entrepreneurs in climate-related value chains. The AWCE project also places an emphasis on developing a road map for international development stakeholders to provide further gender-responsive support to women climate entrepreneurs and intermediaries.
"This research is unique as it is one of few studies that looks at women entrepreneurs from a regional perspective, to assess similarities and differences in how women entrepreneurs are coping with financial and non-financial barriers to growth in Kenya, Rwanda, Tanzania and Uganda respectively. The study also establishes how these women currently fund their businesses, explores attitudes to different types of financing to expand their enterprises and reveals the funding gaps and capacity building needs."
"This study estimates that social enterprises could create more than 1 million additional jobs by 2030 in the 12 focus countries that have been analyzed. Overall, this would result in a total of approximately 5.5 million direct jobs in social enterprises in 2030. These jobs would be created in existing markets, but also for new markets, thus creating new value chains and many more indirect income opportunities in these countries. The implementation of the interventions recommended in this report are thus an important action to prepare the African continent on future demographic dynamics. In addition, they can also be seen as an important contribution to preserve jobs that have been put at risk because of COVID-19."