January 2023
KAPITA Partners With the World Bank to Launch the We-Fi Initiative
KAPITA Business Hub announces the launch of the Women Entrepreneurs Finance Initiative (We-Fi) in Iraq, in partnership with the World Bank.
Founded in 2017, We-Fi is a multilateral partnership supporting women entrepreneurs in developing countries with access to finance, markets, technology, mentoring, and other services while working with governments and the private sector to improve the laws and policies inhibiting women’s businesses in developing countries. It has allocated $353 Million since 2018, which will support over 200,000 WSMEs in 60+ countries and will mobilize $3.55 billion in additional private and public sector funds.
The We-Fi Iraq initiative, which supports women-led businesses by equipping them with hard business skills would help them scale up their businesses, develop their market, products, and services to generate more revenue, and become more resilient shocks.
KAPITA will implement two Bootcamp-style trainings in Baghdad and Mosul for women-led businesses. Each bootcamp will occur over a three day period, and topics will be customized to the needs of participants.
The We-Fi initiative fits well with KAPITA's long-standing vision of a robust private sector in Iraq and supporting the emerging entrepreneurial scene.
About KAPITA:
KAPITA is a private sector development company that aims to empower small and medium-sized enterprises (SMEs) through investment, research, incubation/acceleration, and market development programs.
About the World Bank:
With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries.
The World Bank’s We-Fi program is the first multilateral fund specifically designed to unleash the potential of women entrepreneurs in emerging economies. We-Fi funds projects that work across the entire entrepreneurial ecosystem, including blended finance investments, capacity building for institutions and women entrepreneurs, and policy reforms to increase women’s access to finance, markets, and networks. We-Fi is a collaborative partnership among 14 contributing governments and 7 multilateral development banks (MDBs) that serve as implementing partners. It engages with a broad range of external partners, including private sector clients and partners, NGOs, government and international entities. For more information,
visit www.we-fi.org