Home » Business » 15 Organizations That Will Help Fund Your Start Up Business In Africa
Business in Africa

15 Organizations That Will Help Fund Your Start Up Business In Africa

As you know especially here in Africa, many people fail to start up businesses because of lack of capital, the majority wont feel good if they get to know you have an idea of starting up any business, but they will be the first people to help you when your close family member dies.

Check also: Meet the 22 year old kenyan woman who built a multi-million business in only 6 months

Know that you’re not alone, especially when you’re going through difficult moment, God makes a way where seems to be no way, before you go in to a bank loan, of which you may not even know how to pay it back, try to contact one of these organisations below and if you succeed with them, they will definitely give you a starting point by financing and growing your start-up business, the biggest disease that some people do have, is failing to try, wake up, get going and try your lack!

Below is the list of organizations which will help fund any startup business in Africa.

(1) Acumen Fund

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 this link:

(2) 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, follow this link.

(3) 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.

(4) 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 hardto 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.

(5) African Women’s Development Fund (AWDF)

The AWDF is the first pan-African women’s grant maker in Africa. Since the start of its operations in 2001, AWDF has provided US$17 million in grants to 800 women’s organizations in 42 African countries. The AWDF is an institutional capacity-building  and programme development fund, which aims to help build a culture of learning and partnerships within the African women’s movement.

BUSINESS AWDF

In addition to raising money and awarding grants, the AWDF will attempt to strengthen the organisational capacities of its
grantees.

Investment focus:

The AWDF only funds local, national, sub-regional and regional organisations in Africa working towards women’s empowerment in six thematic areas:
Women’s Human Rights, Economic Empowerment and Livelihoods, Governance, Peace and Security, Reproductive Health and Rights, HIV/AIDS, Arts, Culture and Sports. The AWDF only awards grants to organisations, not individuals. It awards
grants ranging from $8,000 up to $50,000.

Contact Information

Office: Plot 78 Ambassadorial Enclave, East Legon, Ghana
Email: AWDF@awdf.org or grants@awdf.org
Tel: + 233 302 521257
Fax: +233 302 521257
To apply for a grant, follow this link.

Comments

comments

About lukwago J

Posted by LUKWAGO. J: He's a writer, editor, blogger, affiliate and a web developer, he loves thinking creatively and finding new ways to implement different programming ideas.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

 

x

Check Also

karamoja and donkey

Karamoja Traders Turned To Dealing In Donkeys Than Cattle

Karamoja — Cattle traders in karamoja have turned to dealing in donkeys because of the ...

Show Buttons
Hide Buttons
Translate »