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WIC Capital: Helping women-led businesses thrive in West Africa
FSDAi Nyala Facility provided a $1 million investment to WIC Capital, the first fund in Francophone West Africa dedicated to women-led businesses. This investment enabled WIC Capital to expand its portfolio to include high-potential SMEs of any age and attract further funding, including from the Dutch government. WIC Capital combines financial support with technical assistance, mentoring, and training in leadership, accounting, and marketing. Examples of impact include Mburu, a Senegalese bakery that grew its annual revenue tenfold and increased its staff from 15 to 50 employees, and Arbre de Vie Group, which established a new cosmetics lab and is preparing for international expansion.
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Document type: Case study