The US embassy has awarded K28 million which will go towards the mentorship and training of 60 women entrepreneurs.
The K28 million grant which has been awarded through Mhub will help implement the first ever academy for Women entrepreneurs.
US acting chief of mission Jeremy Neitz has expressed the need to support Malawi’s women who are economically disadvantaged.
“By lifting barriers that limit access to economic opportunities, we aim to promote women’s advancement through providing resources and training to achieve their full potential as entrepreneurs.”
“The tools for successful entrepreneurs will be more important than ever in a post-COVID world as the program will support women in a recovering economy,” Neitz said.
AWE is an initiative of the U.S. State Department’s Bureau of Educational and Cultural Affairs (ECA) as part of the White House-led Women’s Global Development and Prosperity (W-GDP) Initiative which aims to empower 50 million women worldwide by 2025 to fulfill their economic potential, with the goal of creating conditions for increased stability, security, and prosperity for all.
Currently implemented in more than 50 countries, AWE equips women with the practical skills needed to create sustainable businesses and enterprises.
Women participating in AWE will have access to DreamBuilder, an online course on women’s entrepreneurship developed through a partnership between Arizona State University’s Thunderbird School of Global Management and global copper mining company Freeport-McMoRan