Entrepreneurship Zone: 26 February 2021: 20 Business Grants For African Entrepreneurs & Startups

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20 Business Grants For African Entrepreneurs & Startups

Business Grants are perfect way to access funds as Entrepreneurs and Business Owners to boost your startups. These Business Grants for African Entrepreneurs who are business owners, startups provide you with some amount of money to take your enterprise to another phase or growth level.

 

The Business grants and funding opportunities for African Entrepreneurs listed here are offered to individuals, firms/company, business or corporations to enable them cover scale up or develop their business, pay workers salaries, and run ads.

 

You can get business grants including SME grants as African entrepreneurs to promote your business without paying back, unlike loan that you do have to pay and possible pay with interest.

If you can stand the competition of most grants offered to African entrepreneurs with simple registration and some documentations, you are sure on the path to acquire business grants as an entrepreneur in Africa.

 

But, the trending challenges faced by many individuals applying for SME grants are incomplete registration, grants are very competitive, inability to provide necessary documents. You are sure to face this because the grants are offered free. And sometimes startups don’t get selected by governments and organizations offering the business grants.

 

Do you know why?, sometimes the ideas submitted was not strongly announced to the business grant providers or the business has no physical locations, returns and plans.

You will say nothing comes easy right? even yet many still get it rightly, and you too can get any of the business grants as entrepreneurs and startups.

 

What Business Grant Providers Expect From African Entrepreneurs

If you are going to take that door to access business grants as an entrepreneur, you will need some guidelines and personal efforts to submit application for SME grants

 

You do need to understand what business grant providers do seek for in Entrepreneurs especially those business owners and startups from African region.

*  Have an existing business or convincing business idea

*  Submit your business plan or ideas

*  Submit Cost of starting the business if have an idea

*  Business that will yield turn over in short duration or ideas that are realistics

*  Provide business registration with CAC

*  Financial records of business

*  Record of staff salaries if business have been in existence

 

How You Can Qualify For Most Business Grants & Opportunities For Africans

 

Some grant opportunities for Africans supports and encourages startups with new ideas, others provide assistance to entrepreneurs who have business already existing and need fund for running cost.

 

Your business or organization must have proven records of existence, business name registrations, company registration, business account details as many grant providers want banks account registered in your business name.

 

Business must be in the categories of business-agriculture, manufacturing, technology, education etc. The business grant for an entrepreneurs support those located in Africa, countries in Africa region -East, West, North or South or a specified countries in Africa. Do check out for other information that must be provided, details such as total employed staffs, revenue  and turn over of the company.

 

Few grants want to support business owed by females, where female is the head of the organization. Do explore all the available opportunities offering grants to Africans and provide necessary and needed documents to qualify.

 

In recap on how you can qualify for business grants including SME grants  for entrepreneurs and opportunities for Africans, do adhere to the criteria, rules if you want to avoid disqualification or rejection of application.

 

The eligibility criteria are provided to assist and sieve millions and thousands of applicants, especially those that failed to comply with the eligibility criteria, also do endure you avoid automatic disqualification by completing your application and submit before the set deadline/closing date.

How You Can Know The Type of Business Grant Or Opportunity Offered

 

Before you start applying for any opportunities and business grants, what are type of grant exist? Before you start applying for any opportunity,  do a check or background finding on the type of business grant that is offered.

 

The opportunities provided by the foundations, organization and government ranges, knowing the type of opportunity and the requirements get your closer in making your application process easy. Also you have chances of standing out in the grant application.

 

So how the you know the type of business grant offered to Entrepreneurs in Africa? It’s great you know the available opportunities and SME grants for African that exist.  You can know the type of business grant offered to entrepreneurs in Africa as many focus on existing business, new ideas/startups. Here are the categories of grants offered.

 

*  Competitive or Discretionary Funding

 

Most of these grants are offered to entrepreneurs and startups works on selection based on the team of judges/board evaluation or review. Funding are given as result of merit of application i.e the best application is a winner and receives grant.

 

Examples are Federal government programs for farmers, traders, artisans and craft men e.t.c. Where the recipient are not pre-determined and funds are given for certain kinds of business innovations and ideas. So before applying for one fully ensure you understand and meet the eligibility/requirements.

 

*  Continuation Funding

 

This opportunity or grant and funding program basically focus on renewing as a recipient having an offer. It gives current grants awardee the opportunity of renewing the grants for the next duration period or years. If you are interested in such business grants and funding option, you should get ready to enter into partnership with the current awardee who is receiving the business grant.

Most times business entity who are already beneficiaries of  the business grant receives recognition and trust for their business and receives the recommendation to be re-awarded the business grant.

 

*  Non-Competitive or Formula Funding

 

Non-competitive funding for entrepreneurs are offered to eligible business owners, all applicants who meet the minimum eligibility requirement of the application process are shortlisted to receive the money as award.

 

So you can now say that formula grants are given to pre-determined recipients. In many cases grants are distributed by government, organizations that are sponsors and distributed from sponsors or organizers. The organizers can then determine the process to be used.

 

In other cases the host and sponsors determine the final qualified entrepreneurs for the business grants after the organizers have pre-qualified applicants.

 

*  Pass-Through Funding

 

These type of fund for business owners and starters are provided by Federal government to the States/Provinces for further distribution. It also can be given by donors, sponsors who are organizations and foundations to organizers for distribution to entrepreneurs. They give business grants to the entrepreneurs through formula allocations or open competitions.

 

Successful applicants can use the business grant (money) to facilitate and implement set strategies, activities and plans to either start or grow their business located in Africa.

If you are searching for some good grants for entrepreneurs in Africa or planning to apply for some opportunities for Africans, understanding and using this detailed guides on business grants, types of grants, eligibility requirements will assist you on which business grant you should channel you energy to apply. Make a wise choice and apply to as many to aid and boost your chances of receiving a grant. You can’t tell which will be your jackpot.

 

Which Business Grant For Entrepreneurs Are The Easiest To Get?

 

There are business grants for you who is an entrepreneur/startup to start a business, grow/development your organization to cover some challenges with fund or cover incurred loans.

 

Many or all of the business grants for entrepreneurs from African region mentioned here are are from organizations, foundations who  have been offering funds/grants support to business owners over the years.

 

So do ensure to apply for Business grants, SME grants for entrepreneurs especially those from African countries. Whoever said getting free money for business is not true or difficult to get, didn’t take recognition of some grants which are still ongoing  and available for Africans who want to start business or already own one. Compare to before, there are more business grants offered by foundations, government and non-government organization in this later times and period and are available to support you in your business as an entrepreneur.

 

Here Are List of 20 Best Business Grants Available To African Entrepreneurs and Startups

 

These are list of business grants for entrepreneurs in Africa. Read on for full overview and application process. As they are offered by organizations, and are geared to meeting the funding needed by young Entrepreneurs from the African region, kickstart your business innovations and new ideas.

*  SeedStars World

*  Shared Interest

*  Tony Elumelu Entrepreneurship Grant

*  Lundin Foundation

*  Root Capital

*  The Anzisha Prize

*  Schwab Foundation

*  MEST Africa Challenge

*  Savannah Fund

*  She Leads Africa Accelerator Grants

*  Tshikululu Social Investments

*  Miss Africa Seed Grants for African Women in Tech Businesses

*  YALI Regional Leadership

*  Ashden International Awards for Entrepreneurs in Developing Countries

*  African Entrepreneurship Award

*  GroFin Grants

*  African Women Development Fund

*  Unilever Young Entrepreneurs Award

*  Innovation Prize for Africa

*  African Women Innovation and Entrepreneurship (AWIE)

 

 

1.     SeedStars World

 

SeedStars World is one of the business grants offered to entrepreneurs from Africa. Seedstars Africa is an organization active offering SME grants in over 53 countries in the world, especially regions like Africa, Asia, Middle East and South America.

 

To access business grants from Seedstars, you will need to apply for the annually offered Business grant competition, a competitive grants for young business owners and emerging markets.

 

These business grants for entrepreneurs from Africa help to identify promising business owners, organizations and companies in the very need of capital.

 

Target/Audience

 

Basically support Entrepreneurs who have a business in any African country

 

To build and support online businesses in Africa.

 

To fund web and mobile tech startups in Africa.

 

2.    Shared Interest

 

This business grants for Africans is lending support to basically young entrepreneurs in Africa. Shared Interest was established in 1990 with the aim of financing artisans, farmers and food producers in developing countries as lending society founded situated in England.

 

Shard Interest has a very large investment and satellite offices in major African countries like Ghana, Kenya, Costa Rica, Peru and some Eastern Africa countries. Having members investing about $1,000 from over 9,000 investors has help provide a shared capital to support entrepreneurs in Africa with grants.

 

Target/Audience

 

To support Entrepreneurs in Africa from developing countries.

 

Provided SME grants to make finance available to business owners such as food producers, farmers, artisians.

 

3.    Tony Elumelu Foundation Entrepreneurship Program

 

The Tony Elumelu Entrepreneurship Grant is offered by the Tony Elumelu Foundation (TEF) to provide 10,000 aspiring African Entrepreneurs an opportunity to benefit from $100 million grant to create 1,000,000 jobs and contribute $10 billion in annual revenues to Africa’s economy over the next 10 years

 

The Tony Elumelu Foundation Entrepreneurship grants Programme (TEEP), a Pan-African entrepreneurship initiative of the Tony Elumelu Foundation founded by a Nigerian billionaire investor is a multi-year programme of training, funding, and mentoring, designed to empower the next generation of African entrepreneurs.

 

Target/Audience

 

Provide finance to aspiring African entrepreneurs

 

Offer $100 million grant to create 1,000,000 jobs and contribute $10 billion in annual revenues to Africa’s economy.

 

African entrepreneurs who are business owners or startups with achievable innovative ideas.

 

Find Out:   <https://collegereporters.com/9-ways-improve-selection-chances-2020-tony-elumelu-foundation-entrepreneurship-programme/> These 9 Ways Will Improve Your Selection Chances For Tony Elumelu Foundation Entrepreneurship Grant Programme

 

4.    Tshikululu Social Investments

 

Tshikululu Social Investments provides wide range of social investment and business grants to Entreneurs residing in Africa. The provider is a South African Corporate Social Investment (CSI) manager responsible for dispensing SME Grants to Africans.

 

Tshikululu Social Investments over the years is managing CSI funds of different organizations like Rand Merchant Bank Fund, De Beers Fund, and many others.

 

Target/Audience

To support entrepreneurs in Africa with SME grants

 

Provide Business grants to wide range of business owners, companies ranging from community support and growth, arts and culture, healths, medical assistance, health care e.t.c

 

5.    Lundin Foundation

The Lundin Foundation is one organization offering business grants. established by the Swedish family by name Lundin in the year 2005 to offer Entrepreneurs in African countries business grants.

 

Lundin Foundation has it’s headquarters situated in Canada, but operate branches in these African countries- Ghana and Kenya.

 

Several business owners and entrepreneurs across Africa has received this business grants offered by Lundin Foundation.

 

Target/Audience

 

Provide financial support to already established business, organizations around the world

 

Provide business grants, risk capital and mentorship to business owners, companies across Africa.

 

6.     Root Capital

The Root Capital offer Business grants to empower entrepreneurs, businesses in Africa. Root Capital is a non-profit investment fund established in 1991 to positively provide funds and impact businesses, families in rural communities and bridge social interaction with business owners.

 

Over 450 businesses have receive grants worth $million dollars within the years of business grants offered. However, the policies has it a 100% payback for the Root Capital investors.

 

Target/Audience

 

Bridge business grant gap and promote rural development with business capital

 

Provide business training and sourcing funds options to strengthen small and medium sized businesses.

 

Connect to agricultural business and deliver financial training including funds to strengthen and grow businesses in Africa.

 

7.    Anzisha Prize

 

The African Leadership Academy’s Anzisha Prize provide young innovative African entrepreneurs with business grants if you are a founder of an established business venture.

 

Not only will you get business grants but leadership and entrepreneurial training for young Africans between age of 15 to 22 years.

 

This is a perfect business grants for young innovative entrepreneurs in Africa be it any venture, business, and project.

 

Target/Audience

 

To provide business grants to young innovative African entrepreneurs

 

Business mentorship for business owners of age 15 to 22 years.

 

8.    Schwab Foundation

In order to advance social entrepreneurs in across the globe, Schwab Foundation continually seek for business owners who are social entrepreneurs in different areas such as agribusiness, tech, health, education.

 

The Schwab Foundation was established in 1998 as a social entrepreneurship firm situated in Geneva, Switzerland to provide business grants across Africa region with rigorous selection stages which upon selection you will receive the business grant.

 

Target/Audience

 

Provide grants to social entrepreneurs in areas such as education, agribusiness, health, technology e.t.c

 

Basically, fund social entrepreneurs after intensive screening with the business grants.

 

9.    MEST Africa Challenge

Are you a young tech entrepreneur emerging in the tech industries? MEST Africa Challenge offers annual Africa wide-pitch competition with business fund of $50,000 in equity investment for startups.

 

MEST Africa Challenge is a great business grants for entrepreneurs who are in tech business based in any of the country-Côte d’Ivoire, Ethiopia, Ghana, Kenya, Nigeria, Rwanda, Sénégal, South Africa and Tanzania. The challenge is a unique search for African tech entrepreneurs and focus on giving them coaching, business capital, wide networking with other entrepreneurs, startup.

 

Target/Audience

 

To support African entrepreneurs with business investment capital.

 

Provide business grants to young emerging technology entrepreneurs in Africa.

 

10. Savannah Fund

The Savannah fund is also another fantastic option, as it provides startpus, business grants to African entrepreneurs. Savanah fund have over time generated a revenue more than $8million as it focusess on nursery stage high growing technology entrepreneurs and startups in Africa.

 

Since it has been assisting entrepreneurs with business grants. It has records of support to African entrepreneurs from Kenya, Nigeria, Ghana, South Africa and other neighbourhood countries.

 

Target/Audience

 

To strongly bridge the business funding gap between ventures capital investments and early startups and entrepreneurs in Africa.

 

11.  She Leads Africa Accelerator Grants

This business grants is offered annually to female entrepreneurs between the age of 18-35 and have already business that need funding in Nigeria.

 

The She Leads Africa Accelerator prize will raise your profile, have access to Nigeria funding, best business minds in the country and an opportunity for investment in your business.

 

The program duration is 6 months with a N2Million in investment capital to entrepreneurs who are females.

 

Target/Audience

 

To provide investment capital of N2million

 

To give female entrepreneurs between age of 18 to 35 with existing business based in Nigeria, business fund, media coverage to boost profile.

 

12. Miss Africa Seed Grants for African Women in Tech Businesses

A US$5 000 business grant as prize for winner while $1 000 grand prize for finalists. Miss Africa Seed funding supports tech business owned by African entrepreneurs who are women/girls.

 

The Business grants for African entrepreneurs is an initiative organized by DCA Academy offering funding as support to females in science related fields.

 

If you are current resident of any African country with demonstrated leadership potential as company representative or social enterprise situated in Africa. Then consider this grants are it’s support STEM fields and related subjects.

 

Target/Audience

 

To provide grants to support wowen and girls who demonstrate leadership qualities.

 

Females in STEM fields and related subjects with US$5 000 business grant as prize for winner while $1 000 grand prize for finalists.

 

13. YALI Regional Leadership

The Young African Leadership Initiative (YALI) was launched to support African entrepreneurs and invest in the future generation businesses in Africa.

 

Basically, civil leaders, entrepreneurs, and business owners receive grants including other benefits such as leadership training, creativity and innovation, effective communication as entrepreneur.

 

Target/Audience

 

To provide business grants

 

Support African entrepreneurs between age 18 to 35 years

 

14. Ashden International Awards for Entrepreneurs in Developing Countries

Ashden International Awards for Entrepreneurs is one of the world’s biggest green energy business awards which provide innovative entreprises with the contribution of creating sustainable energy systems.

 

The entrepreneurship grants is open to non-government organizations, social entreprises helping to build a low carbon society now for the future generations.

 

Business and social entreprises do receive $20, 000 and have to be based on United Nations list of eligible countries. African countries are on the list of eligibile countries so this give you a one privledge to consider this grant.

 

15.  African Entrepreneurship Award

The business grants is provided by BMCE bank of African with a focus to provide a platform for mentorship. SME grants to entrepreneurs in Africa for smart business ideas.

 

African Entrepreneurship awards is another funding grants offered to African Entrepreneurs whose business are applicable to the African environment with social impact.

 

You can consider this business grant for Africans if you are a citizen of any African country and of age 18 years and above whose business fall into the categories of innovation & sports entrepreneurship, and sports entrepreneurship.

 

You can choose this business grant as it offers $1million to selected African entrepreneurs.

 

16.  GroFin Grants

Small and medium sized business in Africa that are into manufactring, agribusiness, education, healthcare and basic key services such as energy, water, sanitation do receive business grants and supports such as financial loans.

 

GroFin Grants is a private financial institution with the aim of providing business and entreprises in Africa with medium term financial support. Ever since it was launched in 2004, it has provide business support to over 700 small and medium entreprise and helping to sustain jobs in some countries in Sub Saharan African and MENA regions.

 

Target/Audience

 

To provide financial support to business and entreprises in Africa

 

Offer financial loans to medium sized business in manufacturing, agribusiness, education, and healthcare.

 

17.  African Women Development Fund

The business grants is provided to support organizations that are women led or tackling issues of female rights, security, and justice.

 

African Women development funding is a pan African female grants that support any organization that strives to support women right and participation for peace.

 

The business must have been in existence upto 3 years, registered and located in African country, led by a woman and have structured organization board for effective project implementation.

 

Target/Audience

 

Provide funds to business/organization registered and situated in an African country

 

Offers fund to business/enterprise that are led by women and tackling women rights, security and justice in their country/region.

 

18.  Unilever Young Entrepreneurs Award

This business grants support innovative entrepreneurs tackling some world challenges, specifically the globe sustainability goals.

 

Unilever young entrepreneurs award can be the perfect grant for you if you a a social entrepreneur with impact and need supports as funds to scale your business, enterprises to a next level.

 

This business grants for African entrepreneurs have fund lots of businesses and reached a large number of young entrepreneurs through funding and support.

 

Target/Audience

 

To provide business grants to innovative young entrepreneurs

 

To support support social entrepreneurs with funds to scale business tacking world sustainability challenges.

 

19. Innovation Prize for Africa

Innovative prize is one of the grants for African entrepreneurs. The business grants is aimed to encourage an innovation driven solutions to the challenges in Africa.

 

Have an idea or solution to a critical challenge affecting Africa countries. Innovation prize for Africa is a platform to help you amplify your voice and innovative solution to the challenges faced.

 

So you need a funding, then apply for innovative prize for Africa, if you have a business idea or solution that is impactful to Africa.

 

Target/Audience

 

The award support an innovation driven ideas and business that solve challenges in Africa.

 

20.                   African Women Innovation and Entrepreneurship (AWIE)

This program seeks to provide business grants to accelerate entrepreneurship that are female led organization. AWIE is among the entrepreneurship grant platforms that support and provide funding to innovative , creative female entrepreneurs across the African region.

 

Each year AWIE recognizes and support females in private non-profit businesses in Africa doing tremendous change and impacting the economic growth of Africa.

 

Target/Audience

 

To support women led organizations registered in any African country.

 

Award nominated female entrepreneurs in some award categories.

 

Conclusion

 

As entrepreneurs and startup, you can get business grants and fundings to support and scale up your enterprises if your business is registered and located in any Africa country. The above business grants for Africans entrepreneurs are the top grants available to entrepreneurs in African region.

 

Take advantage of this wide range of business grants and apply for the latest ongoing and opened business grants.

 

 


 


 


Invest Wisely!

 

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DISCLAIMER: This report has been prepared by Bulls ‘n Bears, a division of Faith Capital (Pvt) Ltd for general information purposes only and does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for any securities. The information contained in this report has been compiled from sources believed to be reliable, but no representation or warranty is made or guarantee given as to its accuracy or completeness. All opinions expressed and recommendations made are subject to change without notice. Securities or financial instruments mentioned herein may not be suitable for all investors. Securities of emerging and mid-size growth companies typically involve a higher degree of risk and more volatility than the securities of more established companies. Neither Faith Capital nor any other member of Bulls ‘n Bears nor any other person, accepts any liability whatsoever for any loss howsoever arising from any use of this report or its contents or otherwise arising in connection therewith. Recipients of this report shall be solely responsible for making their own independent investigation into the business, financial condition and future prospects of any companies referred to in this report. Other  Indices quoted herein are for guideline purposes only and sourced from third parties.

 


 

 


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