Flourish Africa awards grants to 100 women entrepreneurs
Flourish Africa, founded by Apostle Folorunsho Alakija, has provided N300m in grants to women entrepreneurs across Nigeria. The initiative followed a competitive process involving training, business plan submissions, and pitching. Out of 506 women trained, 100 businesses were selected to receive funding. The programme aims to boost women-led enterprises by combining skills development, governance, and access to capital.
TLDR
- Flourish Africa awarded N300m in grants to 100 women entrepreneurs after a rigorous selection process.
- The fourth cycle of the grants programme saw 506 women trained, with 409 submitting business plans and 200 advancing to the pitch stage.
- Each selected business receives N3m, with the initiative focusing on merit, preparedness, and accountability.
- The programme emphasises business governance, record-keeping, and scalability to prepare women for further investment opportunities.
- Beneficiaries represent sectors such as manufacturing, agribusiness, food processing, fashion, beauty, and services.
