A gender-lens impact investing enterprise, eha Impact Ventures, has received a $1.9m grant from eHealth Africa, a global health organisation, to support women entrepreneurs in Africa.

According to a press statement by EIV made available to newsmen on Wednesday, this grant marks a major milestone in its effort to provide catalytic capital for its portfolio and potential investments.

The grant also addresses the $42bn funding gap for women entrepreneurs in Africa, positions female founders to access better funding opportunities, and prioritises women’s financial needs, the statement noted.
The statement quoted the Chief Executive Officer, Evelyn Castle, as saying that, “The donation validates the recognised potential and untapped talent of women entrepreneurs across the continent.”

She stressed that EIV would use the donation to create a supportive entrepreneurial ecosystem through increased funding, mentorships, and training programmes.

“We will support women entrepreneurs to grow their businesses, create jobs, and enhance African healthcare systems,” Castle stated.

Recognising women’s vital role in building strong health systems, the CEO of eHealth Africa, Atef Fawaz, stated, “We acknowledge the profound impact women have in strengthening healthcare systems, aligning with our vision at eHealth Africa.”

A female board executive at eHealth Africa, My Le, added that “these donations come at a crucial time as women struggle to meet health and economic demands. We believe the funds will help bridge fiscal gaps for women and other vulnerable groups, leading to healthier lives.”

EIV is a philanthropic impact investing enterprise that supports early-stage, high-impact, women-led businesses in Africa.

Unlike traditional business financing, EIV offers flexible and innovative funding options paired with high-quality, local, shared business resources to ensure business growth and success.