Women Entrepreneurs Finance Initiative (We-Fi), have signed a $500,000 advisory services agreement with
Gebeya and iFC, members of the World Bank Group to implement the Digital Gender-Ethiopia Program.
It aims to increase the number of female software developers.
The project will provide training to 250 female software developers and seed funding to 20 female entrepreneurs whose digital business ideas will be supported by Gebeya.
The entrepreneurs will receive technical and strategic guidance on business development from Gebeya, alongside advisory services from IFC worth $50,000—to support mentorship programs from globally recognized digital entrepreneurs.
Gebeya seeks to address the challenges African women face in receiving quality instruction in the areas of STEM (Science, Technology, Engineering and Mathematics). The initiative by IFC and Gebeya will play a critical role in advancing these efforts.