People & Money

Funding For African Businesses (With GFA)


  1. RAEng’s Africa Prize For Engineering Innovation 2021

2021 Royal Academy of Engineering Africa Prize for Engineering ...

Entrepreneurs and engineers in sub Saharan Africa are invited to apply for Africa’s biggest prize for innovation in engineering sponsored by Royal Academy of Engineering. The initiative named Africa Prize for Engineering Innovation rewards African innovators developing exceptional engineering solutions to challenges within Africa. Innovators of engineering-related solutions with or without engineering background can apply for this award. For more information, please visit,



  1. Invite for clean energy or climate projects

Latest News Archives - Page 3 of 4 - PFAN

Private Financing Advisory Network (PFAN) is calling for   projects and emerging businesses dealing in climate and clean energy in low-and-middle income economies in Sub-Saharan Africa, South Asia, Southeast Asia, Pacific Islands, Eastern Europe and Central Asia, Central America and Caribbean Islands, to receive its advisory services such as  business planning and investment facilitation. For more information,pleasevisit


  1. Scholarship for Fiction Writers In Africa

Apply for the 2020 Morland Writing Scholarship | £27,000 for ...

Fiction writers of African origin who write in English Language are called to apply for the Miles Morland Foundation. Selected applicants will receive £18,000 monthly for a period of twelve months.  The foundations might choose to extend the funding to eighteen months for projects that require more research time. For qualification, an applicant must submit an excerpt from a published piece of work which has between 2,000-5,000 words written in English and offered for sale. During the scholarship, applicants must always submit at least 10,000 new words and also during extension. Writers who have finished writing before a year will continue receiving the grant till the end of the stipulated duration. For more information, please visit


  1. Citizen science for species discovery

Announcing New RFP for Citizen Science for Species Discovery ...

National Geographic is supporting citizen scientists focusing on inventorying and researching areas where new species can be discovered due to species endemism and richness, particularly in areas where they have been destroyed or threatened by human activities. Individuals not younger than 18 and organizations can apply. For organizations, the lead participant should be the applicant. Also, applicants who reside in the countries where their fieldwork will be carried out will be granted preference. Individuals must show accessibility to equipment, infrastructure and facilities required to have a successful exercise. Deadline for application is January 15,2021. For more information, please visit


  1. Lacuna funds for start-ups and researchers dealing in AI

Join AI4D, Mozilla, and GIZ's FAIR Forward initiative for a ...

Non-profit entities, data scientists, researchers, and start-ups in low- and middle-income countries have been granted the opportunity to expand their dataset creation capacities in the fields of agriculture, health and languages   through the Lacuna fund.  The Lacuna fund aims to address the lack of labeled and unbiased data affecting the benefits of learning Artificial Intelligence. A major requirement for applicants that datasets must be locally developed and owned. For more information, please visit


  1. Alrosa signs a joint venture with ZCDC to develop diamond deposits

Alrosa, ZCDC to develop diamond deposits in Zimbabwe

Zimbabwean government is about signing a multimillion dollar deal through the joint venture formed by Zimbabwean Consolidated   Diamond  Company (ZCDC) and Alrosa (a Russian partially owned diamond  mining company) for the production of 850,000 carats of diamond to increase its revenue to US1 billion dollars by 2023. ALROSA’s investments in Zimbabwe for 2020-2022 are expected to reach $12 million.  According to the shareholder agreement and a JV establishment agreement, ALROSA has 70% of ALROSA (Zimbabwe) Limited JV, while Zimbabwean state-owned diamond mining company’s share is 30%. The joint venture focuses on prospecting, exploration and, in case of success, mining of primary diamond deposits in the Republic of Zimbabwe. For more information, please visit


  1. Vital Capital Sets Up A $5 million Fund To Support Businesses Affected By Covid-19 In Kenya And How To Apply

Vital Capital launches emergency debt facility targeting African ...

Vital Capital (a venture capital firm)  and  a USAID sponsored project called Kenyan Investment Mechanism  are seeking to identify and execute at least five completed transactions, providing at least $5 million in financing, to alleviate the strain of COVID-19 on impactful Kenyan businesses, sustaining 500 jobs.

The collaboration follows the launch of Vital Impact Relief Facility, a $10 million emergency loan facility to offer critical funding to promising African businesses to help them overcome the economic consequences of the COVID-19 pandemic. For more information, please visit


  1. Off grid energy startup BioLite secures US$5m investment from KawiSafi

Off grid energy startup BioLite secures US$5m investment from ...

KawiSafi Ventures, a for-profit impact fund that invests in off-grid solar energy, has invested US$5 million in a Brooklyn-based offered energy startup called BioLite. Through partnerships with over 30 distributors in emerging markets, BioLite brings clean cooking and solar home energy products to customers in 17 countries. BioLite will use the new financing to expand into new geographies, invest in new product development, and streamline its Chinese supply chain. For more information, please visit


  1. Rwandan food distribution company, GET IT secures investment from US investor VestedWorld


VestedWorld, a Chicago-based impact investor has funded a Rwandan food distribution company called  GET IT. According to a report by Africa Private Equity News, GET IT is one of the largest distributors of fresh produce and dry goods in Rwanda and the East Africa region, supplying most of the leading hotels and restaurants. The company uses off-grid cold-storage facilities to prevent spoilage of food from its own farm and other suppliers during transit. For more information, please visit


10. Egypt’s Furniture Startup Drowzy Secures Six-figure Funding From UAE Angel Investor

Egypt's Furniture Startup Drowzy Secures Six-figure Funding From ...

An undisclosed strategic angel investor’ based in the UAE has made a six figure investment in a furniture and homeware start-up called Drowsy.  The startup partners with different small and medium-sized furniture workshops and mini-factories to manufacture the furniture designed by its team and then sell it on its platform. The startup  sells close to 100 products and about 300 stock-keeping units through its online platform in Egypt. For more information, please visit


11. Morocco’s Central Guarantee Fund (CCG) Sets Up Exceptional Additional Financing In Support Of Startups

Morocco: Innov Invest has financed 68 startups between 2017 and ...

Central Guarantee Fund (CCG) is a public financial institution in Morocco that contributes to give a boost to private initiatives by encouraging the creation, the development and modernization of companies. In addition to that, the CCG supports social development through guaranteeing loans for housing. In the light of this, it set up an Innovation invest fund which has financed more than 68 Moroccan start-ups in recent years.  Due to the challenges posed by COVID-19, CCG has set up an exceptional funding facility to help start-ups. This exceptional device by CCG should notably benefit startups that have received financing under the Innov Invest fund and are unable to obtain bank loans.

Things to know

  • It should be noted that startups eligible for this funding must be active and have order books, materialized by contracts concluded.
  • It should be noted further that this funding is in the form of an honor loan that can be distributed by support structures labeled category 2 and intended to cover, within the limit of 500,000 DH ($53k), four months of current expenses that may be justified by the startup concerned, and will be repayable over a period of 5 years.
  • It should also be noted that the grant of these loans cannot exceed December 31, 2020.


12. The Gambia, Sierra Leone, Liberia and Ghana Receives Grants for Covid-19

COVID-19 | African Development Bank - Building today, a better ...

To alleviate the impact of COVID-19 African economies, African Development Fund  has granted millions of dollars to the GLS countries ( The Gambia, Sierra Leone, Liberia and Ghana). The multi-country grant comprises an ADF grant of UA 5 million and a TSF grant of UA 5 million to the Republic of The Gambia; an ADF grant of UA 10.15 million to the Republic of Liberia; and an ADF grant of UA 18 million to the Republic of Sierra Leone. Gambia, Liberia and Sierra Leone are countries in “transition,” with similar challenges regarding macroeconomic stability, fragility, competitiveness and growth. Liberia and Sierra Leone were severely impacted by the Ebola pandemic between 2014 and 2016, while The Gambia is undergoing a transition after the departure of President Yahya Jammeh in 2016. For more information, please visit


  1. With $328 million funding, Nigeria approves Internet fibre extension to Northern Nigeria

Armed with $328m, Nigeria approves internet fibre extension to the ...

To improve broadband infrastructure in 19 northern states of Nigeria, the Nigerian government has approved an initiative called National Information Communications Technology Infrastructure Backbone (NICTIB).The Managing Director, Galaxy Backbone, GBB, Professor, Mohammed Abubakar explained that this particular backbone infrastructure will move from Abuja to Plateau, Gombe, Bauchi, Maiduguri, Kano and the rest of Northwestern Nigeria.

This approval comes 2 years after Nigeria’s Galaxy backbone Limited signed a memorandum of understanding (MoU) with China’s Huawei technologies Limited in 2018. As part of the agreement, China’s EXIM bank provided a $328 million (126.7 billion) credit facility to develop the NICTIB Phase II. Though not much has been said of the project since then, this approval comes at a telling time for Internet connectivity in Nigeria. Deepening Internet infrastructure in Nigeria has been tough, but that might soon be changing. For more information, please visit

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