Funding Business Opportunities for African Start Ups
The Africa Enterprise Challenge Fund is a US$ 207m fund capitalized by multilateral and bilateral donors (the AECF donors) to stimulate private sector entrepreneurs in Africa. The AECF is supported by the governments of Australia, Denmark, Netherlands, Sweden and the United Kingdom, as well as the International Fund for Agricultural Development (IFAD).
Great opportunities abound for African Startups who want to Grow small businesses with great business ideas but lack the needed capital for financing can leverage with these 5 listed international organizations upon meeting their basic requirements.
(1) Africa Enterprise Challenge Fund
The Africa Enterprise Challenge Fund is a US$ 207m fund capitalized by multilateral and bilateral donors (the AECF donors) to stimulate private sector entrepreneurs in Africa. The AECF is supported by the governments of Australia, Denmark, Netherlands, Sweden, and the United Kingdom, as well as the International Fund for Agricultural Development (IFAD).
Investment focus
The Fund awards grants and repayable grants to private sector companies to support innovative business ideas in agriculture, agribusiness, renewable energy, adaptation to climate change and access to information and financial
services.
The AECF makes its funding available through competitions. Private sector companies are invited to compete for AECF funds by submitting their new and innovative business ideas to a particular AECF competition. The best ideas are awarded up to US$1.5m in grants and interest-free loans.
Contact Information
The Africa Enterprise Challenge Fund
10th Floor, ABC Towers, ABC Place
Waiyaki Way, Nairobi, Kenya
Tel: +254 20 269 9137/8/9
Email: info@aecfafrica.org
To apply for investment.
(2) Africa Media Ventures Fund
AMVF mobilizes capital and experience in the Netherlands to invest in entrepreneurs in the media sector and small and medium-sized African media companies.
It offers a combination of venture capital and business development support, involving knowledge, experience, access to proven business concepts and network.
AMVF’s capital investment ranges from $20,000 to $200,000. Its investors are experienced media entrepreneurs with a passion for Africa who are involved in the management of the portfolio companies through visits and board
membership.
Investment focus
AMVF focuses on businesses that are active in the media and information sector using mobile and/or online applications to provide content or services to consumers or businesses. Its target sectors include: Travel & Leisure, Entertainment, Jobs, Parenting, Automobile, Real Estate, Food and Shopping.
The business must be located in Sub-Saharan Africa, preferably in Kenya, Uganda, Tanzania or Ghana.
Contact Information
To send an email or apply for investment, follow this link.
(3) African Development Foundation
The African Development Foundation (ADF) is an independent Federal agency of the United States government that was established to support African-led development that grows community enterprises by providing seed capital and
technical support.
USADF connects community enterprises with capital and technical support. It helps organizations and businesses in Africa to create and sustain jobs, improve income levels, achieve greater food security, and address human
development needs. In 2014 alone, the USADF gave out 336 grants worth over $50 million and impacted over 1.3 million people in Africa.
Investment focus
The USADF focuses on Small holder Farmers, youths, women and girls, and recovering communities. It provides grants of up to $250,000 directly to hard to reach and underserved community enterprises that are ready to do their
part.
Contact Information
1400 Street NW, Suite 1000,
Washington. D.C. 20005-2248, USA
P: 202-673-3916 | Tel: 202.673.3810
Tel: +254 20 269 9137/8/9
Email: info@adf.gov
To apply for a grant, follow this link
Bamboo Finance is a commercial private equity firm specializing in investing in business models that benefit low-income communities in emerging markets. It has offices in Luxembourg, Geneva, Bogota, Nairobi and Singapore.
Launched in 2007, the firm seeks to demonstrate that private capital can be profitably deployed as a tool for effective change around the world. To date, Bamboo Finance manages about $250 million; representing two global funds
and a combined portfolio of 46 investments operating in 30 emerging market countries.
Investment focus
Bamboo finance usually invests in businesses that satisfy the following conditions:
– The business must provide essential goods and/or services affordably to low income communities unreached (or underserved) by existing businesses
– The usage of its products/services should result in improvements in quality of life and/or efficiencies that translate into increased income or reduced expenses?
Contact information
Email: info@bamboofinance.com
Tel: +41 22 544 2070 (Switzerland)
Acumen is a charity organisation incorporated in 2001 with seed capital from the Rockefeller Foundation, Cisco Systems Foundation and three individual philanthropists. The Acumen Fund invests in entrepreneurs who have the
capability to bring sustainable solutions to big problems.
In May 2014, The Acumen Fund co-invested $1.5 million in Esoko Networks Limited (“Esoko”), a Ghanaian-built technology platform that connects African farmers to markets via mobile phones. In October 2014, Acumen announced a $1.4 million investment in SolarNow, a company that sells and finances solar home systems in Uganda.
Investment focus
Acumen is always looking for entrepreneurs who have new and innovative models for tackling poverty and who also meet their investment criteria. To qualify for investment, entrepreneurs must be located in, or have significant
operation or impact in East Africa, West Africa, India, Pakistan or Latin America.
Contact Information
+233 030 298 4098 (West Africa)
+254 736 073036 (East Africa)
To Apply for investment, follow the link on apply:
invests in entrepreneurs who have the capability to bring sustainable solutions to big problems.
In May 2014, The Acumen Fund co-invested $1.5 million in Esoko Networks Limited (“Esoko”), a Ghanaian-built technology platform that connects African farmers to markets via mobile phones. In October 2014, Acumen announced a $1.4 million investment in SolarNow, a company that sells and finances solar home systems in Uganda.
Investment focus
Acumen is always looking for entrepreneurs who have new and innovative models for tackling poverty and who also meet their investment criteria. To qualify for investment, entrepreneurs must be located in, or have significant
operation or impact in East Africa, West Africa, India, Pakistan or Latin America.
Contact Information
+233 030 298 4098 (West Africa)
+254 736 073036 (East Africa)
To Apply for investment, follow this link:
Refrence : cash4wealthng.com
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