SmartPreneur
Advertisement
  • Home
  • Trending News
  • Brand Insights
  • Profiles
  • Hustle Life
  • Weekend Teaser
  • Radio
  • TV
  • Games & Quizzes
No Result
View All Result
  • Home
  • Trending News
  • Brand Insights
  • Profiles
  • Hustle Life
  • Weekend Teaser
  • Radio
  • TV
  • Games & Quizzes
No Result
View All Result
SmartPreneur
No Result
View All Result
Home News

7 business grants for African SMEs in 2021

Contributor by Contributor
January 5, 2021
in News, SME, Startup, Trending News
0
7 business grants for African SMEs in 2021
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

For small and medium-sized enterprises (SMEs) to thrive, access to a financial base, mentorship, and markets are critical. These allow entrepreneurs to innovate, improve efficiency, expand to new markets, and provide millions of jobs.

Join our communityJoin our communityJoin our community

Globally, SMEs account for the majority of businesses and serve as important contributors to job creation and global economic development. In Nigeria, they contribute 48% of the national GDP, account for 96% of businesses and 84% of employment, according to a PwC survey.

Smartpreneur looks at seven ways SMEs can get grants to scale their businesses in 2021:

1. Tony Elumelu Foundation Entrepreneurship Programme

The Tony Elumelu Foundation (TEF) is empowering a new generation of African entrepreneurs, through the TEF Entrepreneurship Programme. Successful applicants receive world-class business training, mentorship, non-refundable seed capital up to $5,000, and global networking opportunities. The Programme is open to entrepreneurs across Africa, both new start-ups and existing young businesses, operating in any sector.
You can read more via www.tefconnect.com

2. Seedstars Africa

In April 2019, Seedstars announced a $100-million fund to invest in African startups in collaboration with Paris-based First Growth Ventures.

The fund aims to make between $250 000 to $5-million in Series-A and Series-B deals.

You can follow the conversation here: https://www.seedstarsworld.com/

3. Root Capital

Root Capital invests in the growth of agricultural enterprises that support these smallholder farmers. The company seeks enterprises whose credit needs are too big for microfinance and too small or risky for commercial banks.
It offers loans ranging from about $200,000 to $2 million tailored to harvest and sales cycles. It adds highly-customized training to strengthen their financial management, governance, and agronomic capacity.

Follow the link to apply for the grant: https://rootcapital.org/how-to-apply-for-a-loan/

4. VC4 Africa

VC4A is Africa’s startup community. Started in 2007, the network building organization, is now one of the leading communities working to build high growth high impact companies globally. It connects entrepreneurs with the knowledge, support programs, mentors, and investors they need to succeed.
Join the community for timeline opportunities and networkings: https://vc4a.com/

5. Savannah Fund

Savannah Fund is a seed capital fund specializing in US$50,000—US$1,000,000 investments in early-stage high growth technology startups in sub-Saharan Africa.

To apply to Savannah Fund’s Accelerator Programs, visit: http://savannah.vc/accelerator/

6. Lundin Foundation

Lundin Foundation is an organization founded in the year 2005 by a Swedish family named Lundin. However, Its headquarters is in Canada, with its regional offices in Ghana and Kenya.
Also, several businesses and entrepreneurs in over 15 African Countries have benefited from SME grants funded by the Lundin Foundation.

Write to them: info@lundinfoundation.org

7. Tshikululu

Tshikululu is South Africa’s leading social investment fund manager and advisor, working alongside investors and other development partners to achieve sustainable social impact. It offers opportunities from grant-making to impact investing – that seeks to drive and measure social impact.

Follow the link to apply for funding: https://tshikululu.org.za/apply-for-funding/

Tags: Africa SMEsbusiness grants in 2021How to get grant in 2021Root CapitalSeedstars Africasme grantsTony Elumelu FoundationVC4 Africa
Previous Post

FG warns applicants of N75 billion MSME Fund against fraudulent websites

Next Post

Applications open for 7th Tony Elumelu Entrepreneurship Programme

Contributor

Contributor

Related Posts

8 Questions To Determine If Your Business Will Last A Decade Or More
Trending News

8 Questions To Determine If Your Business Will Last A Decade Or More

by Blessing Osazuwa
January 20, 2023
0

It could be difficult to determine the longevity of a business. Whether a business will last for 10 years or...

Read more
Polaris Bank Partner NYSC, NerdzFactory To Equip Youths With Business, Digital Skills
News

Polaris Bank Partner NYSC, NerdzFactory To Equip Youths With Business, Digital Skills

by Blessing Osazuwa
January 18, 2023
0

Polaris Bank has partnered the National Youth Service Corps (NYSC) and NerdzFactory to commence a high-impact capacity-building workshop on digital...

Read more
Will your business be affected? Lagos begins 2023 demolition exercise
Trending News

Will your business be affected? Lagos begins 2023 demolition exercise

by Blessing Osazuwa
January 16, 2023
0

The Lagos State Physical Planning Permit Authority (LASPPA) has commenced its enforcement activities for 2023 as it recently sealed an...

Read more
APM Terminal wins HSE awards for safety
News

And the Nigeria Ports Authority Award for Safety Goes to APM Terminals Apapa

by Blessing Osazuwa
January 12, 2023
0

The Nigeria Ports Authority (NPA) has awarded APM Terminals Apapa for its best practices in the area of Health, Safety...

Read more
Small Business Owners To Benefit From Newly Inaugurated Small Claims Court In Bayelsa
Trending News

Small Business Owners To Benefit From Newly Inaugurated Small Claims Court In Bayelsa

by Blessing Osazuwa
January 12, 2023
0

A Small Claim Court has been introduced in Bayelsa state for recovery of debts not beyond N5 million in the...

Read more
We did not register ‘Wickedness Association’ as a business entity, Says CAC
Trending News

We did not register ‘Wickedness Association’ as a business entity, Says CAC

by Blessing Osazuwa
January 12, 2023
0

The Corporate Affairs Commission (CAC) has dismissed a claim that it registered “Wickedness Association of Nigeria, Lokoja Chapter” as a...

Read more
Trending News

Four Nigerian Startups Selected for AfDB $140k AgriPitch Grant

by Blessing Osazuwa
January 10, 2023
0

Nigerian startups, Agrisiti, Duketrah Fisheries, Solaristique Nigeria Limited, and Osomobegbe Global Ventures Limited, have been selected among the 25 finalists...

Read more
Load More
Next Post
TEF, EU To Empower 2,500 Young African Women Entrepreneurs in 2021

Applications open for 7th Tony Elumelu Entrepreneurship Programme

Please login to join discussion

Recent News

Revive Your Entrepreneur Mindset: 6 Weekly Habits for Go-Getter Success

Revive Your Entrepreneur Mindset: 6 Weekly Habits for Go-Getter Success

January 30, 2023
5 Key Takeaways from Spotify's Business Model: How Small Business Owners Can Increase Success and Build a Sustainable, Profitable Business

5 Key Takeaways from Spotify’s Business Model: How Small Business Owners Can Increase Success and Build a Sustainable, Profitable Business

January 26, 2023
Borrowing From Friends & Family Made Easy With These Four Steps

Borrowing From Friends & Family Made Easy With These Four Steps

January 26, 2023
Business ideas that Nigerians could develop that will appeal to both local and international customers

Business ideas that Nigerians could develop that will appeal to both local and international customers

January 25, 2023
SmartPreneur

© 2020 SmartPreneur

Navigate Site

  • Home
  • Trending News
  • Radio
  • Games & Quizzes
  • TV

Follow Us

No Result
View All Result
  • Home
  • Trending News
  • Radio
  • TV
  • Hustle Life
  • Brand Insights
  • Profiles
  • Game & Quizzes
  • Weekend Teaser

© 2020 SmartPreneur