Funding OpportunitiesPeople & Money

FUNDING OPPORTUNITIES FOR AFRICAN BUSINESSES (WITH GFA) – July 13

 1.The Social Capital Markets Entrepreneur Scholarship

Call for Applications: SOCAP20 Virtual Scholarship for Social ...

One hundred and fifty social and environmental enterprises start-ups will be selected this year in the SOCAP programme for entrepreneurs. They will have access to world’s leading impact investors, network across industries and make connections with established social and environmental entrepreneurs. Deadline for application is July 17th. To apply, please visit

https://teconocpgk.formstack.com/forms/socapvirtual20_socent_application

 

  1. Application for $100k seed funding from UNICEF Innovation Fund by Blockchain Start-Ups

UNICEF finansiranje za startup kompanije koje se bave blokčejn ...

UNICEF is looking to invest up to $100,000 in start-ups developing blockchain-based software solutions and using distributed UNICEF Ventures team and ledger tech in new groundbreaking ways that are scalable and globally applicable. The initiative is under the UNICEF Innovation Fund. The equity-free investment is intended for prototype testing and validation. Start-ups can also receive part of their funding in cryptocurrency, with the UNICEF CryptoFund disbursing funds in both bitcoin and ether. Selected applicants will receive technical assistance from the dedicated expert mentors to help validate and improve their solutions. To apply, visit https://vc4a.com/unicef/unicef-innovation-fund-2020-blockchain/ Deadline for application is July 26

 

  1. Microsoft to distribute $20M in grants to non-profits, offers free skills training via LinkedIn

Microsoft to offer free skills training online and distribute $20M ...

Microsoft is offering financial support, software donations and training to small and Large NGOs around the world. Young individuals can also participate in free resource training programs from Microsoft. Certificates will be issued after successful completion of the program. For more information, please visit https://www.microsoft.com/about/corporatecitizenship/en-us/community-tools/nonprofits/

  1. Robin Hood foundation launches new initiative aimed at funding nonprofits run by People of African Descent

Columbia Researchers Tackle Poverty with Robin Hood Foundation

A new initiative called Power Fund has been launched by Robin Hood foundation to assist small scale non-profit organizations combating poverty and fighting racial injustice. The foundation has already dedicated $10m to Power Fund and it is also seeking assistance from at least two financial institutions. Over 200 poverty fighting programmes in New York City are funded by Robin Hood Foundation. For more information, please visit https://www.msn.com/en-us/finance/markets/robin-hood-foundation-launches-new-initiative-aimed-at-funding-nonprofits-run-only-by-people-of-color/ar-BB16aZVn

  1. US Embassy Grants for Addressing Insecurity In Northern Nigeria

US embassy in Nigeria suspends visa interview waiver [ARTICLE ...

Individuals and civil society organizations are invited to submit proposals focused on solutions and strategies to reduce instability in Northern Nigeria for a competition organized by the Public Affairs Section (PAS) of the US Embassy, Abuja Nigeria. Applicants with existing projects and clear achievement records will be favored during selection. Each applicant should not submit more than one proposal. A minimum of $5,000 and maximum of $50,000 will be awarded to selected applicants. For more information, please visit https://ng.usembassy.gov/education-culture/public-diplomacy-grants/#collapse3

6.Tennis star Serena Williams has launched a venture firm for investing in women, people of color, and young entrepreneurs

Serena Williams launches VC firm to invest in diverse ...

Serena Williams has revealed her venture capital firm called Serena Ventures. It has been operational since 2014 and has funded over 30 businesses. She says her firm is willing to invest in more start-ups and mentor young entrepreneurs, with preference given to persons of color. For more information, please visit https://getfundedafrica.com/2020/07/06/tennis-star-serena-williams-has-launched-a-venture-firm-for-investing-in-women-people-of-color-and-young-entrepreneurs/

  1. African Development Bank concludes R2 billion investment in Nedbank SDG-linked bonds

African Development Bank concludes $116m investment in Nedbank SDG ...

The African Development Bank Group has concluded the investment of R2 billion (around $116 million) in Sustainable Development Goals-linked bonds (SDG bonds) issued by Nedbank South Africa.

This investment, which is listed on the green bonds segment of the Johannesburg Stock Exchange, will strengthen Nedbank’s capital base and enable it to generate R12 billion ($696 million) in new loans and investments in environmentally friendly and climate-sensitive projects in areas such as renewable energy and affordable housing. The investment will help the South African Economy by producing more than 6,000 new jobs and will also provide loans to about 20,000 SMEs. For more information, please visit https://getfundedafrica.com/2020/07/06/african-development-bank-concludes-r2-billion-investment-in-nedbank-sdg-linked-bonds/

  1. Actis-backed African Education Group, Honoris United Universities, Acquires Nigerian University

Actis-backed African education group acquires Nigeria's Nile ...

Honoris Universities, a pan-African university network launched in 2017 by Actis, a venture capital firm, has acquired Nile University, a private university based in Abuja, Nigeria. Prior to this development, Honoris Universities had already acquired private universities in Mauritius, Morocco, South Africa, Tunisia, Zambia, and Zimbabwe. This is its first acquisition in West Africa https://getfundedafrica.com/2020/07/06/actis-backed-african-education-group-honoris-united-universities-acquires-nigerian-university/

9. IFC, Proparco Invest $100m Into Humania For Investments In Healthcare In Egypt and Morocco

Humania secures US$108 equity funds from IFC, IFU, PROPARCO to ...

Humania, a health care platform has secured $100m investment to support hospitals in North Africa. The fund was received from the International Finance Corporation  (a member of the World Bank Group), IFU (Investment Fund for Developing Countries) and PROPARCO (a subsidiary of French Development Group). For more information, please visit https://getfundedafrica.com/2020/07/06/ifc-proparco-invest-100m-into-humania-for-investments-in-healthcare-in-egypt-and-morocco/

  1. AfricInvest IV Fund mobilizes $202 million

The Commonwealth Development Corporation (CDC), Finland’s development finance funds FinFund, Proparco, which is the private arm of the French Development Agency (AFD), the International Finance Corporation, and the American development finance institution, Development Finance Corporation have together committed $202 million to AfricInvest IV Fund, the fourth fund launched by Tunisia-based investment firm AfricInvest

The fund, whose total resources are expected to reach $500 million, targets medium-sized African companies that are well-positioned and likely to become strong regional businesses. The fund’s managers will focus on transactions in the consumer, financial services, and education sectors. For more information, please visit https://getfundedafrica.com/2020/07/08/africinvest-iv-fund-mobilizes-202-million/

  1. Zambian fintech startup receives $1-million investment

Lupiya, a Zambian based microfinance startup has received an investment of $1-million from Enygma Ventures, a US venture capital (VC) fund. The investment will enable Lupiya to further its goals in fostering financial inclusion through its services, with a focus on enabling women to participate better in the economy. For more information, please visit https://getfundedafrica.com/2020/07/09/zambian-fintech-startup-receives-1-million-investment/

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