{"id":6882,"date":"2023-05-22T09:02:35","date_gmt":"2023-05-22T07:02:35","guid":{"rendered":"https:\/\/\/?page_id=6882"},"modified":"2024-06-18T12:26:00","modified_gmt":"2024-06-18T10:26:00","slug":"business-support-improving-gender-equality-and-diversity-in-our-investees","status":"publish","type":"page","link":"https:\/\/reports.norfund.no\/annualreport-2023\/this-is-norfund\/responsible-investor\/business-support\/business-support-improving-gender-equality-and-diversity-in-our-investees\/","title":{"rendered":"Improving gender equality and diversity in our investees"},"content":{"rendered":"\n

Female Future Program and Boardroom Africa are two unique training programs, designed to empower women to senior positions and level the playing field. These Business Support programs reach many of Norfund\u2019s portfolio companies and are in line with Norfund\u2019s Gender Position.<\/strong><\/p>\n\n\n\n

\"\"
Photo credit: The Boardroom Africa<\/figcaption><\/figure>\n\n\n\n

Female Future<\/h2>\n\n\n\n

The Female Future Program (FFP) is a unique opportunity for female leaders and leadership talent in Norfund\u2019s portfolio companies in Uganda, Tanzania, Kenya and Ghana to develop and flourish as emerging leaders. This female leadership and Board development training program was developed by NHO, the Confederation of Norwegian Enterprise, in 2003. The FFP is demanding and challenges the participants in various subjects adapted to each country, focusing on leadership, rhetoric, self-development, and board competence. The program is directly linked to the participants\u2019 daily work routine with professional networking and coaching done in different approaches. The program promotes personal growth and empowers women to top decision-making positions in the corporate world, increasing the percentage of women in decision-making processes, management positions, and on corporate boards. Furthermore, the program provides a forum for the participants to interact and exchange ideas, and to assist companies in developing their gender equality policies.<\/p>\n\n\n\n

\n

\u201cI deeply appreciate the profound impact of the training (Female Future) on me. Female Future has helped uncover some of my hidden strengths, enabling me to confidently raise my hand, persistently advocate for my agenda, and ensure my voice is heard.\u201d<\/strong><\/em><\/p>\nEvaluation Kenyan Cohort 16<\/em><\/cite><\/blockquote>\n\n\n\n

In 2023, Norfund sponsored the participation of a total of 18 female professionals, with 10 of these participants joining the program in Kenya and 8 in Ghana. This is the first year that participants from Norfund\u2019s investees have participated in the program in Ghana and marks a substantial increase in participation in the program overall.<\/p>\n\n\n\n

\n

Norfund\u2019s support: 45,000 USD (50% of total cost)<\/strong><\/p>\n\n\n\n

Intervention Period:  March 2020-January 2025<\/strong><\/p>\n\n\n\n

Current number of women Norfund has sponsored: 18<\/strong><\/p>\n<\/div><\/div>\n\n\n\n

The Boardroom Africa<\/h2>\n\n\n\n

The Boardroom Africa was officially launched in 2016, to build what has now become a vibrant private community of African women executives. Today, The Boardroom Africa is enhancing and amplifying the potential of Africa’s exceptional women leaders, by creating more inclusive leadership spaces \u2013 and ultimately, better boardrooms.<\/a><\/p>\n\n\n\n

The program is tailored to African women in senior management or C-suite level positions and builds a foundation necessary for a senior leadership position, while breaking down barriers to help organizations realize the benefits of increased diversity.<\/p>\n\n\n\n

Norfund entered into an agreement with The Boardroom Africa in 2023. So far, Norfund\u2019s Business Support facility has helped sponsor 8 female managers in Norfund\u2019s investees to participate in the Ontological Growth Experience Program, and with the potential for growth in future cohorts and other programs. These women hold positions ranging from CFO to Legal Counsel and managers in Norfund\u2019s portfolio companies, ranging from a bank in Kenya to a fast-moving consumer goods company in Ethiopia.<\/p>\n\n\n\n

\n

Norfund\u2019s support: 50,000 USD (50% of total tuition fees)<\/strong><\/p>\n\n\n\n

Intervention Period: March 2023-December 2024<\/strong><\/p>\n\n\n\n

Current number of women Norfund has sponsored: 8<\/strong><\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"

Female Future Program and Boardroom Africa are two unique training programs, designed to empower women to senior positions and level the playing field. These Business Support programs reach many of Norfund\u2019s portfolio companies and are in line with Norfund\u2019s Gender Position. 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