UNECA/Standard Bank Group 2020 African Women Leadership Fund Initiative
Applications are open for the UNECA/Standard Bank Group African Women Leadership Fund Initiative 2020. The United Nations Economic Commission for Africa (UNECA) and Standard Bank Group are calling on women fund managers across Africa to apply to join the African Women Leadership Fund initiative (AWLF), an innovative impact fund that will provide capital and expertise to successful candidates
The AWLF Initiative has been established with the aim of uplifting female-owned and managed asset management firms and providing a defined economic stimulus to achieve sustainable economic growth in Africa. The fund, the first of its kind, aims to raise up to $1 billion over 10 years (€910 million or R19 billion) for women fund managers, who in turn will invest in high-impact businesses and projects across the continent, thus driving entrepreneurship.
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About Standard Bank Group
Standard Bank Group Limited (also trading as Stanbic Bank) is the largest African banking group by assets and earnings, operating in 20 countries in sub-Saharan Africa. With about 50,000 employees, it has approximately 560 branches and over 1,770 ATMs on the African continent.
Standard Bank Group is a financial institution that offers banking and financial services to individuals, businesses, institutions and corporations in Africa and abroad.
They drive sustainable and inclusive economic growth in Africa. To ensure their commitment to making a positive and lasting impact, they have deve... read more
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UNECA-Standad Bank Group African Women Leadership Fund Initiative
Aim and Benefits of UNECA-Standad Bank Group African Women Leadership Fund Initiative
AWLFI will be rolled out in three fund phases. These are:
- Phase 1: AWLFI will invest in established women-owned fund management firms or in fund managers with the capability to take on segregated mandates. These Managers will operate in the listed space.
- Phase 2: In the second round of funding, the AWLFI will look to invest in existing Private Equity Funds, thus enabling the fund to hold a combination of listed and private equity investments.
- Phase 3: An incubation programme to put new women fund managers on the map.
Requirements for UNECA-Standad Bank Group African Women Leadership Fund Initiative Qualification
Phase 1 and Phase 2 of the AWLFI is suitable for:
- Established women fund managers in the listed or private market space who own, or partly own, an asset management firm
- Women professionals working in existing and established firms with suitable fund management experience (experience can be as a co-fund manager) in the listed or private market space.
Generally,
- Applicants must be female
- Reside in Africa or be willing to relocate to Africa
- Need to have proven fund- or asset-management experience. They will be subject to an investment and operational due-diligence process that will need to be completed by the end of August 2020, with the first phase of the fund becoming fully operational in the fourth quarter of this year.
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Application Deadline
June 30, 2020
How to Apply
Interested and qualified? Go to
Standard Bank Group on www.standardbank.com to apply
For any queries, applicants can email [email protected]dardbank.co.za.
For more details, visit AWLFI website
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