Will You Be One Of Those Who Gets Up To $250,000 Dollars Each From The USADF?
The U.S. African Development Foundation (USADF), an independent federal agency that was established to provide support in the form of seed capital and technical support to African enterprises whose operations facilitate growth on the continent, is currently accepting proposals from African businesses in specific sectors seeking grants to grow their businesses. This financial support will range from $50,000 to a maximum of $250,000, and is provided to underserved community enterprises that have high prospects for growth.
In the year 2016, USADF awarded grants to local businesses, and in the process invested millions to support activities at the local levels, which have gone on to generate over $100 million in new local economic activities that produce stable jobs and better incomes.
The new application process started on the 15th of November 2017 and will end on the 29th of January 2018.
How To Know If You’re Eligible
The USADF only accepts proposals from African businesses, associations, and cooperatives that are 100% owned by Africans in specific sectors. The grant applicants must be legally registered in their country and must have a proven ability to track, manage, and use internal and external resources to achieve growth.
Applying for the grant is 100% free, as there are no fees charged in the application process.
Countries That Can Participate
Some African countries that are allowed to participate in the USADF grant application process are Nigeria, Benin, Burkina Faso, Burundi, DRC, Guinea, Kenya, Liberia, Malawi, Mali, Mauritania, Niger, Rwanda, Senegal, South Sudan, Tanzania, Uganda, Zambia, and Zimbabwe.
To Sum It Up
Each of these countries has a specific business category the applicants can apply for, as the grants are strategically awarded in ways that facilitate economic development through key areas.
To find out more about the selection guidelines, African countries that are eligible, the allowed business categories, and much more about the U.S. African Development Foundation (USADF) grants, click here.
We wish you the best of luck in your grant application process!
What are your thoughts on the USADF grant that will be given to African entrepreneurs in 2018? Let me know by leaving a comment below.