International Development Grant

Accelerating women's business growth

Project Number: CA-3-P009812001

Status: Operational

Country/Region:

Ethiopia 100.00%

Maximum Contribution: $13,500,000.00

Start Date: March 25, 2022

End Date: December 31, 2028

Duration: 6.8 years

Project Description

The Accelerating Women’s Business Growth (AWBG) project advances gender equality within Ethiopia's private sector while fostering financial returns aligned with investor expectations. The project supports women entrepreneurs executives and managers in overcoming systemic barriers hindering small and medium enterprise (SME) growth and career advancement. The project aims to promote economic growth by generating 9 000 quality jobs for individuals in rural and urban areas focusing on empowering women through leadership roles. Also it aims to attract CAD 81 million in capital investments into gender-smart SMEs in Ethiopia. Project activities include: (1) establishing a women entrepreneur collective a virtual and in-person training platform for smaller companies to learn from and network with larger ones; (2) providing training and investor facilitation support tailored to various women-owned SMEs; and (3) building gender or impact-focused investors awareness of Ethiopian investment opportunities in gender smart SMEs.

Expected Results

The expected outcomes of this project include: (1) strengthened representation and participation in the private sector by women-owned and gender- and environment-smart SMEs in Ethiopia; (2) improved enabling environment for women employees entrepreneurs and SMEs; and (3) increased effectiveness in attracting capital and growing successful gender-smart SMEs.

Progress & Results Achieved

Results achieved as of March 2023 include: (1) launched the Isua Network a cohort-based training and peer-to-peer mentorship platform for women-owned businesses. The network received more than 100 applications and accepted 94 companies in the first round of invitations; (2) hosted 26 executives of which more than two-thirds were women for the Accelerated Gender Smart Executive’s Program training. More than 76% of women who participated in the program reported feeling more confident and able to make independent business and management decisions; and (3) mobilized CAD 207 700 in investment for a gender-smart SME in Ethiopia.

Key Information

Executing Agency:
RENEW International Canada Ltd.

Reporting Organization:
Global Affairs Canada

Program:
WGM Africa

Last Modified:
September 19, 2025

Development Classifications

DAC Sector:

Business Development Services 50%
Small and medium-sized enterprises (SME) development 50%

Aid Type: Project-type interventions

Collaboration: Bilateral

Finance Type: Aid grant excluding debt reorganisation

Selection Mechanism:
Unsolicited Proposal

Policy Markers
Level 1 Gender equality
Major Funding (>$1M)
Budget Breakdown
2021-04-01 to 2022-03-31 $13,500,000 CAD
Geographic Information
000
Project Number: CA-3-P009812001