Ghana’s women-led businesses and startups in Ghana have a new fund in town to pitch to. The Women’s Empowerment and Investment Group (WEIG) in collaboration with Annan Capital Partners (ACP) and GUBA, have teamed up to offer seed investment to women-owned and Ghana-based Small and Medium businesses. This seed investment is part of an initiative to uplift SMBs currently affected by the coronavirus pandemic. Applications for this initiative commences from the 1st of June 2020.
“We are excited to support Female-led SMEs in Ghana with investment and infrastructure to support their long term growth and development,” Managing Partner of Annan Capital Partners (ACP)- Robert Annan said.
Here Is All You Need To Know
- The Women’s Empowerment & Investment Group (WEIG) is a women-led and majority-owned Ghanaian Investment Holding Company set up to efficiently channel capital and expertise into high-potential Small & Medium Scale Enterprises (SMEs) that prioritize female empowerment & entrepreneurship.
- WEIG does this by making permanent capital investments in women-focused greenfield and brownfield businesses/business opportunities in Africa’s “KINGS” economies namely Kenya, Ivory Coast, Nigeria, Ghana, and Senegal of which Ghana is its launch and primary focus country.
- Annan Capital Partners (ACP) is a specialized boutique investment and advisory company active in industries such as energy, health, education, real estate, agribusiness, technology, and more.
- They work to provide businesses with professional and insightful investment strategies that preserve their capital and diversify their investment in sectors which will give an appreciable return on their investments.
- This funding initiative is one that falls in line with their objectives and incredibly is significant given the current pandemic and its effect on small businesses.
“Coronavirus has greatly affected a number of business especially, small and medium businesses. This initiative is not only timely but incredibly necessary to help women businesses get back on track. GUBA Enterprise through the GUBA Expo works to provide a platform for the elevation of small and medium enterprises therefore, we are glad to be in partnership with this project. We encourage all suitable businesses to apply,” Dentaa Amoateng MBE, President of the GUBA Enterprise stressed on the importance of this initiative.
How Startups May Apply
The seed investment available under this initiative ranges from 15,000 to 30,000 Ghana Cedis. Businesses that meet the eligibility criteria are encouraged to apply via https://www.surveymonkey.com/r/Q99B669 from the 1st of June till the 1st of August 2020. This initiative is one of the many ways to help boost women businesses and the Ghanaian economy as a whole.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer.