CEM REPORT, HUMANITARIAN | The US African Development Foundation (USADF) has announced the opening for proposals for the Accelerate Africa Entrepreneurship Challenge 2022
The challenge which is geared towards economically empowering youths and women, and improve job creation across the Africa continent offers a grant worth between $50,000 to $250,000 and also access to support on technical assistance and governance.
The Accelerate Africa Entrepreneurship challenge is set up to invest in Micro, Small and Mid-sized enterprise (MSMEs) which:
- Addresses Africa’s youth bulge by prioritizing job creation to enhance youth productivity and livelihoods
- Set up to economically empower youths and women to teach them how to apply business solutions to social problems and create sustainable employment across Africa
- Addresses the unmet needs of underserved and at-risk communities and/or market demand
- Formalize market opportunities and supply chain linkages for youth and women-owned MSMEs.
- Applicants must be running a 100% African-owned and managed private companies.
- Be registered and operating in Benin, Burkina Faso, Burundi, Ivory Coast, Democratic republic of Congo, Kenya, Liberia, Malawi, Mauritania, Niger, Nigeria, Rwanda, Senegal, South Sudan, Tanzania, Uganda, Zambia.
- State clearly how the business will benefit underserved populations across Africa including showing positive impacts for youths and women
- Express clearly how they will achieve sustainable growth
- Clearly state their expertise in the field they are proposing or how they will acquire the necessary expertise
- State clearly how they will use the grant capital to carry out their concept
Interested applicants are to submit proposals from September 6 to September 30, 2022.