Grace Ashiru
African investment firm ShEquity Partners, which focuses on women, has started accepting applications for the fourth round of the ShEquity Business Accelerator. (SHEBA).
ShEquity is an investment organization that puts money into innovative, effective, and scalable businesses operated by women in Sub-Saharan Africa.
The SHEBA program, run with implementation partner MBC Africa, closes the gender funding gap by making African female-led businesses less risky, making them ready for investment, and giving the founders the skills they need to grow and scale their businesses.
The SHEBA program has had three groups of 30 persons each from Benin, Burkina Faso, Ghana, Guinea, Mali, Niger, Nigeria, Senegal, Sierra Leone, and Togo. The 17-week accelerator helps female African entrepreneurs in the ECOWAS region who want to grow their businesses and get ready for investment by assisting them in developing their businesses and getting technical help.
In addition to a significant focus on program development, SHEBA allows people to obtain money from ShEquity and other investors in the ShEquity network.
After completion of the accelerated program, eligible businesses are presented to the ShEquity team for possible consideration as investment targets. A typical range for a ShEquity seed investment is between US $50,000 to US $250,000, with the option of additional post-investment support.
Candidates with English and businesses in West Africa can apply until April 21. A second invitation will be sent to candidates who speak French and whose companies are based in West Africa.S
