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The Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) has reannounced a $100,000 grant opportunity for Micro, Small and Medium Enterprises (MSMEs) in Nigeria and Africa in general, for the benefit of MSMEs yet to apply.
The United States launched the initiative aiming at accelerating the growth of small businesses in Nigeria and other African countries.
The initiative is aimed at giving grants and offering technical assistance to MSMEs up to the tune of $100,000.
This will cover agriculture and food security, education, healthcare, sanitation, and hygiene as well as addressing climate change and gender equity.
Interested and qualified businesses are encouraged to apply through the ASBC Application Portal.
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More about the African Small Business Catalyst (ASBC) Programme
The U.S. International Development Finance Corporation (DFC) and U.S. African Development Foundation (USADF) have launched the African Small Business Catalyst (ASBC) to bolster early growth-stage small and medium enterprises (SMEs) in sub-Saharan Africa.
ASBC is a business accelerator that supports SMEs with loans ranging from USD$100,000 to USD$1 million and offers technical assistance (TA) and grants up to USD$100,000. ASBC targets SMEs in sub-Saharan African countries within the agriculture, food security, healthcare, and education sectors, as well as water, sanitation, and hygiene (WASH) with special consideration to SMEs that tackle the climate crisis and address gender equity considerations through their work.
ASBC assists its partners with capital/grants, mentoring, training, and TA to help them develop their business models, strengthen their management skills, expand their market reach, and deepen their impact
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Businesses Targetted in the Africa Small Business Catalyst (ASBC) Programme
ASBC targets SMEs in sub-Saharan African countries within the agriculture & food security, education, healthcare, and water, sanitation, and hygiene (WASH) sectors. Special consideration will be given to SMEs that address climate and gender.
How does Africa Small Business Catalyst (ASBC) accelerator program work
ASBC will provide grants up to USD$100,000 (total per SME), in addition to investment capital.
Successful applicants will also be paired with one of USADF’s mentoring and management training partners for a 6–12-month intensive program.
A technical assistance (TA) plan will be drawn-up and specific support designed around your needs and arranged with experts/consultants.
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How to Apply
The application process for the African Small Business Catalyst (ASBC) Programme is simply but technical. This can be achieved by following the guidelines below:
- Open https://usadf.gov/program-application-form
- Complete the Business Profile Section
- Fill out other parts of the form by responding to the questionnaire on the form.
- Click Submit
- Check your e-mail for acknowledgement and always check your mail for follow up.
Deadline: 15th April 2022.
Originally published by myinfoclock
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