Wonder Program for Women Entrepreneurs in Kenya 2023-2024

Africa has the highest number of female entrepreneurs but the least supportive entrepreneurial frameworks. This means that the design and roll-out of innovative financial solutions that offer women access to markets and bring them into the formal financial system can be key to breaking barriers for women-led businesses.

The WONDER investor readiness and business development accelerator program is designed to build 30 formal women-led enterprises with special regard to their innovative potential as well as to their social and environmental sustainability for the next one year. This will be achieved by equipping them with skills, knowledge, and tools to optimize and refocus their businesses for growth and scale-up. The impact of the project will be demonstrated through an innovative approach to improving African enterprises’ access to finance, and delivery of training and services to combine skills enhancement and business acceleration, and individual mentorship.

The WONDER program implemented in Kenya and Cameroon has been funded by the African Development Bank under the Affirmative Finance Action for Women in Africa (AFAWA) initiative.

• Table of Content
• About African Development Bank Group (AfDB)
• AfDB Wonder Program
• Aim and Benefits of AfDB Wonder Program
• Requirements for AfDB Wonder Program Qualification
• Application Deadline
• How to Apply

About African Development Bank Group (AfDB)

Established to promote economic and social development efforts on the continent, the African Development Bank (AfDB) Group comprises three entities: the African Development Bank (AfDB) which is the parent institution, created following an agreement signed by 23 founding member states on August 14, 1963 in Khartoum, Sudan. This became effective on September 10, 1964. The group includes two concessionary windows – the African Development Fund (ADF), established on November 29, 1972 by the African Development Bank and 13 non-African countries; and the Nigeria Trust Fund (NTF), set up in 197... continue reading

AfDB Wonder Program

Aim and Benefits of AfDB Wonder Program

• Access to expert coaches and mentors to optimize their idea
• Participate in a 9-month tailored accelerator program
• Networking opportunities across the region
• Access to potential investors
• Collaboration opportunities with peers in the industry
• Recognition and publicity through the WONDER website page and related publications

Requirements for AfDB Wonder Program Qualification

• Women-owned enterprises or enterprises with women as majority shareholders;
• Preferably, enterprises with women at the management level; CEO/COO;
• Where a Board of Directors exists, at least 50% of the composition should be women;
• Enterprise should have the capacity to absorb a loan size between $5,000 and $1,000,000;
• Enterprise has between 5 and 300 employees, with at least 50% as women;
• Have annual sales of between $100,000 and $15,000,000;
• The enterprise should be registered in Kenya.

Application Deadline

How to Apply

For more details,visit Wonder Program website