In a bold move to transform healthcare access in Nigeria, Famasi Africa has launched CareCapital for Women, a groundbreaking initiative aimed at empowering female-run pharmacies. With 83% of community pharmacies lacking institutional financing, this program could be the game-changer Nigeria’s healthcare system desperately needs.
Why CareCapital for Women Matters
Famasi’s CareCapital initiative directly addresses three critical challenges facing female-run pharmacies:
- Limited access to financing (83% of pharmacies affected)
- Inadequate medicine stocks due to financial constraints
- Lack of training in modern pharmacy management
The CareCapital Program Structure
This six-week intensive program offers:
| Component | Benefit |
|---|---|
| Supply Chain Training | Better inventory management |
| Data Analytics | Improved decision-making |
| Financial Access | Growth capital opportunities |
Transformative Impact on Nigeria’s Healthcare
By empowering 50 selected pharmacies and awarding NGN10 million grants to top performers, CareCapital could:
- Improve medication access for thousands of patients
- Create sustainable female-led healthcare businesses
- Establish best practices for pharmacy operations
Frequently Asked Questions
Who can apply for CareCapital?
Female-owned or female-led pharmacies in Nigeria can apply before August 1, 2025.
What are the selection criteria?
Famasi evaluates applicants based on business potential, community impact, and growth readiness.
How will the grants be awarded?
The top six performing pharmacies in the program will receive NGN10 million plus diagnostic tools.
Can pharmacies outside major cities apply?
Yes, the program aims to support pharmacies across Nigeria, including underserved areas.
