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Browsing: African entrepreneurs
- Uncap, a platform for early-stage investment for African entrepreneurs invites start-ups to apply for up to 50,000 EUR in early-stage financing
- Applicants must be limited liability companies in Kenya, Rwanda, Uganda, or Nigeria, have at least 12 months of revenue traction, and have a scalable business plan
- The application period begins on July 18 and ends on September 16
Uncap, an award-winning platform designed to provide access to early-stage investment for entrepreneurs in Africa is inviting start-up enterprises to apply for the possibility of receiving between 10,000 EUR and 50,000 EUR in early-stage funding.
To be eligible for funding, applicants must be incorporated as limited liability businesses in Kenya, Rwanda, Uganda, or Nigeria, have at least 12 months of revenue traction, well-kept company records, and a scalable business concept.
Applicants are welcome from any industry, not just tech. Uncap adheres to a “do-no-harm” principle and does not invest in firms …
Women entrepreneurs from Africa have a reason to smile following a move by the African Development Bank Group to launch a project seeking to enhance viability and sustainability of these businesses.
While all countries will be considered, preference will be given to proposals implemented in the following countries: Cameroon, Congo, Democratic Republique of Congo, Gabon, Kenya, Lesotho, Madagascar, Malawi, Morocco, Mozambique, Senegal, South Africa,Tanzania, Rwanda and Zambia to align with the ongoing Affirmative Finance Action for Women in Africa (AFAWA) Guarantee for Growth Program pipeline.
The AFAWA program dubbed allows entrepreneurship enablers, which include business associations and civil society organizations, play an important role in empowering women to establish bankable SMEs and other businesses.
However, the enablers themselves often face challenges, such as long-term growth plans and lack of financing, which reduce their reach, impact and sustainability.
Funding requests may be for a specific project or for an indicative program …