Women: Opportunity for Africans. If you are a powerful woman. This opportunity is for you

Grandes oportunidades para mulheres africanas. Não perca, aplique já!

UNECA/Standard Bank Group African Women Leadership Fund Initiative 2020 for African Women Fund Managers

Application Deadline: June 30th 2020 https://bit.ly/2WxxMky

The United Nations Economic Commission for Africa (UNECA) and Standard Bank Group are calling on women fund managers across Africa to apply to join the African Women Leadership Fund initiative (AWLF), an innovative impact fund that will provide capital and expertise to successful candidates.

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The AWLF Initiative has been established with the aim of uplifting female-owned and managed asset management firms and providing a defined economic stimulus to achieve sustainable economic growth in Africa. The fund, the first of its kind, aims to raise up to $1 billion over 10 years (€910 million or R19 billion) for women fund managers, who in turn will invest in high-impact businesses and projects across the continent, thus driving entrepreneurship.

Requirements

Under this first phase of the AWLF Initiative’s implementation, funding will be allocated to asset managers across North, East, Southern and West Africa. Allocations will be made with a view to achieving the best possible regional and geographic diversification.

Applicants must be female, reside in Africa or be willing to relocate to Africa, and need to have proven fund- or asset-management experience. They will be subject to an investment and operational due-diligence process that will need to be completed by the end of August 2020, with the first phase of the fund becoming fully operational in the fourth quarter of this year.
The second phase of the fund’s launch will be announced at a later stage and investments will be made into women-owned or women-managed private equity funds. The third phase will target first-time women fund managers through an Emerging Manager Seed Capital Programme.

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