In a groundbreaking move to strengthen healthcare access, Famasi Africa has launched CareCapital for Women, a transformative initiative aimed at empowering female-run pharmacies across Nigeria. With 83% of community pharmacies lacking institutional financing, this program could be a game-changer for both business owners and patients.
Why CareCapital for Women Matters
Famasi’s CareCapital initiative addresses critical challenges faced by female-led pharmacies in Nigeria:
- Financial barriers: 83% of pharmacies struggle with limited access to capital
- Operational challenges: Many lack supply chain optimization and data analytics skills
- Growth limitations: Difficulty expanding services due to resource constraints
How CareCapital Will Empower Female Pharmacists
The six-week program offers comprehensive support:
| Benefit | Impact |
|---|---|
| Specialized training | Improves supply chain and financial management |
| NGN10 million grants | Enables expansion and better medicine stocks |
| Diagnostic tools | Enhances patient care capabilities |
The Ripple Effect on Nigeria’s Healthcare
By strengthening these pharmacies, CareCapital creates multiple benefits:
- Improved medication access for local communities
- More sustainable healthcare businesses
- Greater economic empowerment for women
- Enhanced use of technology in pharmacy operations
Application Details and Timeline
Key dates for interested participants:
- Application deadline: August 1, 2025
- Shortlist notification: August 15, 2025
- Program start: August 17, 2025
This initiative represents a significant step toward gender equality in Nigeria’s healthcare sector while improving community health outcomes. By investing in female pharmacy owners, Famasi is creating a multiplier effect that will benefit entire communities.
Frequently Asked Questions
What is the goal of CareCapital for Women?
The program aims to empower female-owned pharmacies in Nigeria through training, financial support, and tools to improve their operations and healthcare delivery.
How many pharmacies will benefit from the program?
50 pharmacies will receive support, with the top six performers earning NGN10 million grants.
What kind of training will participants receive?
The curriculum covers supply chain management, data analytics, and financial access strategies.
Why focus specifically on female-run pharmacies?
Women face unique challenges in accessing business financing and resources, despite running many community pharmacies.
How will this program improve healthcare in Nigeria?
By strengthening pharmacies – often the first point of healthcare access – communities gain better medication availability and services.
Can pharmacies outside Nigeria apply?
Currently, the program is only available to pharmacies operating within Nigeria.
