International Development Grant
Promoting Inclusion through Leadership and Investment
Project Number: CA-3-P006405001
Status: Terminating
Country/Region: Unknown
Regional Focus:
Maximum Contribution: $4,800,000.00
Start Date: March 31, 2020
End Date: October 31, 2024
Duration: 4.6 years
Project Description
The project aims to improve the social and economic well-being for the most vulnerable populations in East and West Africa including crisis-affected communities particularly poor women and girls. The project works to accomplish this by building the capacity of targeted innovative social enterprises and emerging leaders committed to improving the lives of Africans specifically women and conflict affected populations living in poverty. The project also aims to help strengthen the evidence base for gender lens investing – or investing with an aim to earn financial returns and address gender disparities – as a poverty reduction tool. Project activities include: (1) providing “inclusion grants” to African social enterprises to develop or refine products services and approaches that better serve vulnerable populations in East and West Africa including women and girls and crisis affected communities; (2) developing and implementing gender-responsive impact measurement tools to deliver actionable insights into the impact of products and services on women and girls and crisis-affected populations in East and West Africa; (3) delivering training and tools to Acumen portfolio teams from East and West Africa to strengthen the integration of a gender equality lens across Acumen’s organization and investment cycle; and (4) supporting emerging leaders to participate in Acumen’s one-year Fellowship Program (55% women business leaders or entrepreneurs; 35% women and men in or working on issues related to crisis-affected communities).
Expected Results
The expected outcomes for this project include: (1) enhanced access by vulnerable populations in East and West Africa including crisis-affected communities in particular poor women/girls to affordable quality and innovative products and services that meet their specific basic needs including clean energy and food security; and (2) strengthened capacity of emerging leaders including those working in crisis-affected communities particularly women leaders to develop and manage successful businesses and organizations that address poverty reduction and social justice in East and West Africa.
Progress & Results Achieved
Results achieved as of March 2025 include: (1) Acumen investee companies provided more than 125 million people with affordable quality and innovative products that meet their basic clean energy and food security needs; (2) women-led companies raised external capital of $11.24 million (baseline: $2.25 million); (3) developed 63 new products services or processes with the support of inclusion grants exceeding the end of project target of 15; (4) Acumen’s portfolio teams increased the number of business plans reviewed from women led founders to 32% from a baseline of 18%; (5) Acumen’s portfolio teams increased the number of business plans reviewed from crisis affected founders to 12% from a baseline of 0%; (6) developed two gender action plans for East Africa and West Africa meeting the end of project target; (7) Acumen companies steadily improved their female board member representation to 36% by the end of the project against a target 25%; (8) awarded 20 inclusion grants reaching 20 163 people (7 939 male and 12 224 female ) exceeding the target of 2 400; (9) incorporated 3 new gender-focused indicators into Acumen’s annual review data collection process meeting the end of project target; (10) Acumen’s portfolio companies cumulatively created a positive impact on the quality of life for 86% of customers (target: 70%); (11) Acumen’s portfolio companies increased the number of low-income customers they are serving with a cumulative of 50% of those surveyed living below the poverty line (end of project target: 55%); and (12) 97% of the Fellows surveyed indicated that their participation in Acumen’s leadership development program enabled them to build a wider and more diverse professional network (end of project target of 90%).
Key Information
Executing Agency:
Acumen Fund Inc.
Reporting Organization:
Global Affairs Canada
Program:
WGM Africa
Last Modified:
September 19, 2025
Development Classifications
DAC Sector:
Aid Type: Project-type interventions
Collaboration: Bilateral
Finance Type: Aid grant excluding debt reorganisation
Selection Mechanism:
Department-Initiated