Here is a list of places African entrepreneurs can access funds for business in March

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Below is a curated list of organizations, platforms, and competitions looking to help African entrepreneurs with funds this month of March. The list has been divided into two; Agriculture and general. Be free to check and see the one your business(es) can apply for.

AGRICULTURE

Village capital Affordable Nutrition Forum

The Affordable Nutrition Forum event will hold on the 21st of April in Accra, Ghana. Selected participants will benefit from an all expense paid trip, free accommodation, business development training and the chance to win $15,000. The aim of the program is to help entrepreneurs solving one of Africa’s major problem to scale their business and get their products across to where they are needed.

Agric Entrepreeurs

Eligibility:

  • Operate in Ghana, and/or Côte d’Ivoire and/or Nigeria. You may operate in other regions in addition, but for this forum you must be operating in one, or more, of these countries; and/or
  •   Are increasing efficiency in supply chains and distribution channels through better market access, increased price transparency, increased connections to new suppliers, and access to other decision-driving market information; and/or
  • Are enhancing insights through tools for value-chain tracking and/or smart logistics; and/or
  • Are innovating manufacturing and processing models to make them more efficient, affordable, and reliable; and/or
  • Are increasing awareness of and demand for nutritious food products on the customer side through marketing and education.

Pearl Capital Partners

Pearl Capital Partners Group invests in growing agricultural small and medium sized businesses in East Africa, typically using a combination of equity, quasi-equity, equity related and debt instruments. PCP invests a maximum of US$2.5 million per company.
Their primary investment principle is to use financial structures which are, as far as possible, tailored to the needs of the individual investee business, while providing them with the opportunity to earn equitable and high-quality financial returns.

Criteria:

  • Businesses that operate in the agri-business value chain in East Africa and that have the potential to generate positive financial and social returns;
  • Capable management team with solid reputations, extensive knowledge and financial commitment;
  • Sound strategy and business model;
  • High growth potential;
  • Capital need of up to US$2.5 million;
  • Transparency and ability to adhere to high standards of corporate governance and financial reporting;
  • Compliance with the Fund’s investment ethics and environmental standards.

To apply, download 2017 brochure here, read and follow the instruction within.

ÀAF

African Agricultural Fund

The AAF invests a minimum of $5 million in three sub-sectors of food and agriculture: primary, secondary and tertiary (services and infrastructure):

  • Primary agriculture encompasses arable land development, cereals and staples, dairy and livestock farming, aquaculture, fruit and vegetables, ranching, plantations and edible oils; especially produce for local consumption.
  • Secondary agriculture includes maize and wheat milling, soya processing, sugar milling and refining, production of animal feeds, beverages and branded foods as well as packaging.
  • Tertiary agriculture extends to services and infrastructure including logistics, storage, seeds, sub-contracting, physical inputs, crop protection, input financing and fertiliser.

Investment methods:

  • management buy-outs and buy-ins;
  • acquisitions;
  • expansions;
  • early-stage equity (minority/majority); and
  • outgrower and smallholder developments.

Criteria

  • a  minimum investment requirement of US$ 5 million and maximum US$ 24 million from AAF;
  • an experienced management team with a compelling vision for the business and a willingness to collaborate with a financial investor;
  • a proven financial and operational track records and potential for future growth;
  • a commitment to transparency and proven sustainable industry-competitive advantages;
  • realistic valuation; and
  • an ability to achieve a profitable liquidity event in the medium term.

To benefit from this submit proposal here.

Anzisha Prize

GENERAL:

Anzisha Prize 2017

The Anzisha Prize seeks to award young entrepreneurs who have started successful businesses in any sector within their communities. 15 finalists from across Africa win a spot in a lifelong fellowship what will help to accelerate their path to entrepreneurship success. The first step in this journey is that they win an all-expenses paid trip to South Africa to be a part of a ten-day long entrepreneurship workshop and conference at the African Leadership Academy campus on the outskirts of Johannesburg. The grand prize winners, selected from these finalists, will share prizes worth $100,000.

Criteria:

  1. You must be between 15 and 22 years old with an ID document or Passport to present as evidence. Anyone born before April 16, 1994 or after April 16, 2001 will not be considered.
  2. You must be a national of an African country with a business based in Africa for African customers/ beneficiaries.
  3. Your business must be up and running. The Anzisha Prize is not for great ideas or business plans – you must have already started, and be able to prove it! You have time to get started now and have tangible results to share before applications open.
  4. Your business, invention or social project can be in any field or industry (science and technology, civil society, arts and culture, sports, etc.). Any kind of venture is welcome to apply.
  5. Individuals who apply must be one of the founding members of a business (for example, 2 or 3 co-founders who started a business together). One person can apply for the Prize, on behalf of the team.

Application ends April 1, 2017.

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. It commits funds in the range of $250,000-$3M, structured as either debt or equity for entrepreneurs.

IMG_4334Criteria:

  • Be located in or have significant operation or impact in East Africa, West Africa,
  • Operate in one of our investment sectors of Agriculture, Energy, Education, Health, Housing, or Water
  • Be an early-mid stage company that is in the process of scaling.
  • Have a clear business model that demonstrates the potential for financial sustainability within a five to seven-year period; including the ability to cover operating expenses with operating revenues.

Does your business fulfill all requirements? Then go here to begin application

happywheels

I'm interested in stories, news and opportunities for African entrepreneurs. Be it tech, fashion, SMEs; breaking entrepreneurship stories is the next best thing that can happen to me, after Jollof

2 Comments

  1. Victor

    March 15, 2017 at 6:16 pm

    Nice piece Oladipo… I’ve been trying to assess the contributor link but it seem not to work. I am a very creative content marketing writer and an entrepreneur, I will cherish an opportunity to contribute to this platform.

    Thank you.

  2. Pingback: Entrepreneurship events every entrepreneur should attend this March - Entrepreneurship in Africa

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