100 East African Women Entrepreneurs Win Graca Machel’s Invest2Impact Awards in Rwanda

invest2impact

31 Kenyans 26 Tanzanians, 15 Rwandans, 10 Ugandans, and 18 Ethiopians have been unveiled as some of the winners of the inaugural Invest2Impact in Rwanda. The 100 East African winners will be the founders of 2Xconnect, an online community dedicated to African women entrepreneurs. It is designed to support collaboration, leadership, and the development of key business skills.

Beryl Anyiti Walubengo
Beryl Anyiti Walubengo

Here Is All You Need To Know

  • 2X Invest2Impact was organized and launched by the development finance institutions (DFIs) of Canada (FinDev Canada), the United Kingdom (CDC Group plc), France (Proparco) and the United States (OPIC), in partnership with the Mastercard Foundation.
  • The initiative was launched, to provide these entrepreneurs with networking opportunities, mentorship, business development services, visibility and access to funding, to enable their businesses to thrive and grow.
  • Winners were awarded entry into one of four program tracks: i) 2Xcelerate for businesses that could qualify for DFI investment, ii) 2Xcapital for ventures looking for non-DFI funding, iii) 2Xcrowd for businesses with the potential for crowdfunding, and iv) 2Xcatalyze for networking and profile-building.
  • As more participants join, it will be a place to share, support, learn, and celebrate the power of East African women business leaders who are positively impacting their communities, countries, and continent.

Read also: Graça Machel’s Invest2Impact Is Looking For Women Entrepreneurs In East Africa To Invest In

Four Invest2Impact winners were also recognized for their outstanding impact on Women, Youth, Social Innovation, and the Environment:

Blandine Umiziranenge of Kosmotive (Rwanda)

Blandine won the Women’s Empowerment award worth $ 25,000 (Ksh.2,500,000) that recognises real empowerment and participation of women in the boardroom and in the workplace.

Kosmotive was founded in 2014 to improve Reproductive, Maternal and Child Health in Rwanda.

The Kosmos Magazine is a print and online periodical and App that offers interesting child and maternal health and lifestyle information to young women and mothers in Rwanda.

It provides parenting advice for a wide net of readership, including fathers, young people and anyone interested in the wellbeing of families.

Beryl Anyiti Walubengo of Crystal Africa Cleaning Service Limited (Kenya)

Beryl won the Youth Employment or Entrepreneurship award worth $ 20,000 (Ksh. 2,000,000) that recognizes a business that empowers youth and inspires them to be tomorrow’s leaders.

The organization is committed to employing youth with no access to tertiary education.

Given that its service delivery requires unskilled labor, Crystal Africa Cleaning Services Limited developed a training program that the youth undertake, before placement on client sites.

On completion, one is given a job and allowed to advance in a career within the organization.

The skills provided include computer skills, service operations procedures, first aid, and customer service. Today, the entire 70 staff and shareholders at the organization are youth under 35 with responsibilities in management and service delivery.

Yvette Ishimwe of Iriba Water Group Limited (Rwanda)

Yvette won the Social Innovation award worth $ 20,000 (Ksh. 2,000,000) that recognizes the use of technology or innovative approaches to improve lives and support healthy communities.

Iriba Water Group Ltd’s three-fold business model’s target is to avail safe drinking water to people while also fighting against climate change.

This has been achieved by eradicating usage of single-use plastic bottles through the supply of IRIBA reusable water containers for customers to refill water and hence avoid single-use plastic water bottles.

The solar-powered water ATMs are placed in different areas of the city, particularly very congested areas such as markets, car parking stations, hospitals, etc.

Thanks to this refilling process, safe, clean drinking water becomes very affordable particularly for low-income earners who were otherwise unable to afford clean drinking water with existing bottled water solutions.

Lucy Mutinda of Ecocycle Ltd (Kenya)

Lucy won the Climate Change and the Environment award worth $ 20,000 that recognizes a business that is working to address climate change and promote a green economy.

Ecocycle Ltd converts onsite SEWAGE (Wastewater) to CLEAN REUSABLE WATER, Treatment & Recycling Technology.

The Technology converts harmful Sewage to Safe clean water for non-potable uses in 8 hours.

It incorporates Smart technology to automatically run the treatment process as well as requiring minimal energy that can be supplied from Green renewable sources e.g. Solar, Wind, and Geothermal.

This is installed to end-users and premises that lack Municipal sewer connection which stands at 70% in Kenya

 

Charles Rapulu Udoh

Charles Rapulu Udoh is a Lagos-based Lawyer with special focus on Business Law, Intellectual Property Rights, Entertainment and Technology Law. He is also an award-winning writer. Working for notable organizations so far has exposed him to some of industry best practices in business, finance strategies, law, dispute resolution, and data analytics both in Nigeria and across the world

Graça Machel’s Invest2Impact Is Looking For Women Entrepreneurs In East Africa To Invest In

Invest2Impact

Women entrepreneurs in East Africa now get investment as high as $3 million in their businesses as Invest2Impact has just been launched. Invest2Impact is access to funding and women-led business development initiative sponsored by the development finance institutions (DFIs) of Canada, the UK, France, and the United States, in partnership with the MasterCard Foundation.

CDC Group‏ @CDCgroup

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We are so proud to have joined ours partners at the launch of the #Invest2Impact @invest2impact business competition in Nairobi today. Great to have @kattengtio there representing CDC as we invite #womenentrepreneurs in East Africa to apply http://invest2impact.africa

“There is no mountain that is too high for the African woman.” ~ H.E Graca Machel

“Success is to overcome your fears & insecurities and the courage to move forward. Celebrating the breaking of barriers and to prove it can be done.” — H.E Graça Machel, Founder & Patron @G_MachelTrust giving her key note address at the official launch of #invest2impact

The current project focus is East Africa, specifically:

  •  Ethiopia
  • Kenya
  • Rwanda
  • Tanzania and; 
  • Uganda. 

A total of 100 women participants will be chosen from all competition entrants to participate in one of the following four tracks. Each track will aim to include (subject to sufficient applicants who meet the criteria) 5 women participants from each of the participating countries. The competition will be open only to majority women-owned businesses, and detailed entry criteria will be on the competition website from the launch date.

The Four Tracks Include:

2Xcelerate 

SDG-aligned growth funding above $3 million

Business competition open to women-led business in the participating countries with preference given to those that support or are aligned to the UN Sustainable Development Goals. 25 Finalists will compete for cash prizes of $85,000 recognition at a gala winners’ event and participation in the invest2impact funding readiness program to maximize your chances of funding. This track is designed for revenue-positive businesses seeking sizeable investment usually greater than $3 million to scale

2Xcapital

Tailored SME growth funding access support

25 SMEs selected from the invest2impact applicants will benefit from a funding access program, including funding readiness assessments and customized assistance with building an investment case to access funding from funders other than the invest2impact sponsors. This track is designed for smaller businesses suitable for less than $3 million in funding.

Invest2Impact
 

2Xcrowd

Go global with a guided crowdfunding campaign

Another 25 social enterprise and innovation-focused businesses will receive customized tailored support and mentorship to implement an Africa/global crowdfunding strategy to fuel their growth using this platform-based approach. The program will include crowd-funding strategy development platform fees and ongoing funding campaign content and communication support to achieve an agreed funding target. 

2XCatalyse

Network and be seen at major industry events.

Go to the heart of Africa’s energy, health, technology, agriculture and tourism sectors, catch up on the latest trends and build your network and a client base 25 women entrepreneurs will be selected, based on their own motivation to attend a major international expo, experience or event in their industry sector with sponsored travel, attendance fees and promotional material. 

See Also: How International Organisations Are Helping Startups In Africa

Key Dates

Entries open for all tracks: 11 July 2019

Entries Close: 9 September 2019

2Xcelerate finalizing announced: 10th October 2019

2Xcelerate Winner Awards: 13 November 2019

All other 2X Programme participants announced: 13 November 2019

Programme Country Contact

Ethiopia

Sewit Haile Selassie

  • 251–911–1100766
  • sewithst@gmail.com

Rwanda

Elisse Milongo

  • 250–788- 200–410

elisse.milenge@rw.fcm.travel

Uganda

Charity Mable Namala

  • 256–722–911–719

namalamac@gmail.com

Kenya

Jaine Mwal

  • 254–715–519–217

jainemwwal@gmail.com

Tanzania

Irene Kiwia

  • 255–787–611–213
  • irene@frontline.co.tz

The application can be done on this portal Invest2Impact — Invest2Impact

 

 

Charles Rapulu Udoh

Charles Rapulu Udoh is a Lagos-based Lawyer with special focus on Business Law, Intellectual Property Rights, Entertainment and Technology Law. He is also an award-winning writer. Working for notable organizations so far has exposed him to some of industry best practices in business, finance strategies, law, dispute resolution, and data analytics both in Nigeria and across the world.

Facebook: https://web.facebook.com/Afrikanheroes/