CSI Energy, OPEN funding programme is urging African female entrepreneurs in the energy sector to apply for grants before the deadline.
The application process closes on Feb 19.
The OPEN fund invests in women-led businesses within the energy sector in Africa, growing their business by providing access to funds and expertise to maximize their impact and profitability.
The program will also award participants up to $100,000 as an equity investment alongside a comprehensive support package tailored to their business needs.
Women-led businesses operating in Africa, with an annual turnover of more than $25,000 per year and with at least 3 employees are encouraged to apply.
Eligible individuals should be fully dedicated to the company, be business focused, be open to coaching and willing to have a strategic investor help them grow their business.
Eligible companies should generate consistent revenues of at least $25,000 over 12 months from an established customer base and have at least three employees.
Also, the company’s service or product should be able to be scaled or replicated and the firm should be up and running with all administrative documents up to date.
In addition, the company should be a registered limited company with well-kept records of accounts, permits and licenses allowing the firm to operate.
The company should also have a team with complementary skills in place and also have a positive impact on the economy, the environment and society.
The firm should also have a meaningful women representation across the board, leadership positions and supply chain.
Lastly, the company must be located and operating in Africa.
There’s a preference for companies located in the geographies that CIS Energy operates including Tanzania, Ghana, Kenya, Ethiopia, Madagascar, Burundi, Uganda, Zambia, Mauritius and Rwanda.