How does it work?

The Absa Young Africa Works (YAWs) project is in partnership with Mastercard Foundation to fund and train 5,000 local businesses with the aim of creating 50,000 jobs in Ghana.

The project achieves this through capacity building and innovative lending solutions with a strong focus on women-led, youth, Fintech and Agric businesses. The Absa Young Africa Works Fintech Grant, an aspect of the project, provides much-needed financial support to youth operating in the Fintech and Agritech environment to close the access to funding gap.

Fintech and Agritech businesses, including startups with promising business models, will be the key focus for this grant. It is expected that by the end of the project in 2025, 20 Fintech’s/Agritech’s will be supported through financing (unsecured loans totaling about US$2.4M) and a US$250,000 grant budget allocated to promote innovation and job creation in line with the Absa Young Africa Works Objective.

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FAQs

  • About Absa Young Africa Works (YAW)

    The Absa Young Africa Works (YAW) Project is a 5 year (2020-2025) strategic partnership between Absa Bank Ghana Ltd and the Mastercard Foundation with the goal of creating dignified and fulfilling jobs for young men and women in Ghana.

  • About Absa Mastercard Foundation Fintech & Agri-tech Support Programme

    The Agri-tech & Fintech support programme is a key component of the Absa Young Africa Works Project, designed to provide much needed financial support to individuals operating in the Fintech and Agri-tech environment to bridge the existing gap in accessing funding. The project will support each selected Fintech/Agri-tech with up to GHS200,000 grant to promote innovation and job creation.

  • How to qualify for the Grant

    Qualification criteria:

    • Must be a Fintech or Agri-tech with an innovative and promising idea that solves a problem in the MSME and Agribusiness sector
    • The Fintech or Agri-tech can be at ideation or up-scaling stage
    • Must be ready to receive capacity building sponsored by the Absa Young Africa Works Project
    • Must be a registered business
    • Must be willing to open a business account with Absa Bank
    • Must have the potential to create jobs
    • More advantages will be given to women and youth-led Fintechs/Agri-techs
  • Where to apply

    Oops! Sorry. We are no longer accepting applications at the moment. Please come back when we are accepting applications again, and follow our social media channels (@AbsaGhana) for more information on application windows. 

  • Contact us

    Telephone: +233 59 413 8461

    Email: absafintechenquiries@absa.africa

    Office location: Absa Young Africa Works Project Office, 3 rd Floor, Assemblies of God office building Osu Ringway Estates

Need more help?

Call us on:
+233 (30) 242 9150 (network charges apply)
0800 222 333 (MTN and Vodafone customers)

Chat to Abby on WhatsaApp: 
+233 501 644 644

Email us: 
service.excellence.gh@absa.africa