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USAID Hub supports increased access to finance for women-owned and led businesses

Published on April 26, 2018

On April 25, the Hub in collaboration with New Faces New Voices, a Pan-African advocacy group dedicated to expanding the role and influence of women in the financial sector, hosted a one-day Pitch-Ready Training Workshop in Dar es Salaam, Tanzania. Twenty female entrepreneurs and business leaders were trained and received information on how to improve their businesses’ investment readiness; keep proper financial documentation; understand the investor landscape; prepare suitable pitch decks and pitch to investors.

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“I am grateful to USAID through the East Africa Trade Hub for supporting us to offer such a good training to women-led/owned businesses. They have learnt a lot and if they put them into practice they will be able to pitch successfully to investors. We hope that there will be many more such partnerships supporting women businesses”, said Emmah Kawawa, Chair, New Faces New Voices Tanzania.

Grace Ndegwa, one of the trainers, noted that participants were eager for the opportunity to hone their skills, explaining, “The enthusiasm and positive response by the workshop participants was very encouraging. We will be supporting them over the next one month to fine-tune their pitches and pitch decks so that they are able to attract investment for their businesses.”

Ten participants from the workshop will be shortlisted and invited to pitch at a showcase event on May 24 to judges, gender lens investors, service providers and other invited participants such as accelerators. The panel of judges will select the top three entrepreneurs for award of prizes. The investors and other stakeholders will interact with the pitching enterprises and discuss possible investment and business engagements.

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“I have learnt a lot especially on how to identify the right investor and financing for my business. I am now confident that I can prepare and make a pitch to an investor to get the investment I need to grow. My prayer is to be among the finalists selected to pitch in May to investors,” said Lilian Ndumbaro, a trainee