People & MoneyStartups

Funding Opportunities for Business – November 15

Here are some funding opportunities available as at November 15:

  1. ALIGN MICRO-GRANT 2020/21

Advancing Learning and Innovation on Gender Norms (ALIGN) | Align Platform

Organizations based in Africa, Asia or Latin America that are working on initiatives related to gender norm change in the areas of gender-based violence in workplaces are invited to apply for Align Micro-grant. Interested applicants should confirm their intent by sending an email to by November 27, 2020.Winners will be selected in December 2020/January 2021, with funding expected to commence from January 2021 for research projects over a 4-month period. Small-scale projects will be funded for up to £8,000 GBP, to initiate or build on existing research and practice, to communicate knowledge and experiences, and inform future action. For more information, visit

2. Money Trail Grants

Journalismfund Money Trail Grants for Investigative Journalism 2020 |  Opportunity Desk

Journalists in Africa, Asia and Europe can apply for grant to conduct investigation (for maximum of six months) on cross-border illicit financial flows, tax abuse, money laundering and corruption in the three continents. The grant, which is up to £50,000, will cover both working time (for freelancers) and expenses (for freelancers and staff journalists). For more information about the programme, visit To apply, visit Deadline for application is December 14, 2020. For questions, emails can be sent to


3. The 26th Nigerian Economic Summit

NESG summit postponed indefinitely - P.M. News

Start-ups across all industries are invited to participate in the 26th Nigerian Economic Summit (NES26) innovation workshop to rub minds with CEOs, influential government agencies and scholars. The workshop which will take place on November 22, 2020 aims to address various problems these start-ups are facing in their respective industries. To register, visit

4. Gender Data: Maternal Health

Maternal Figures (@maternalfigures) | Twitter

The Brown Institute For Medical Innovation funded Maternal Figures (a database for journalists in reporting Maternal Health Interventions in Nigeria in the last 20 years) has launched a programme which will support 2 journalists with grant to cover a maternal health story. Interested applicants are advised to attend a webinar on using the database. To register for the webinar, visit To apply, visit Deadline for application is November 20, 2020

Also Read: Funding Opportunities for Businesses – November 8

5. Funding Application For Participants In Federal Government’s 5M Solar Connection Programme

How to apply for CBN's Solar Intervention Fund ( N500million Maximum) -  MSME Africa

The funding application of upstream and downstream companies that will be participating in Federal Government’s 5M Solar Connection Programme is open. The programme is meant to expand energy access to 25 million individuals, increase local content in the off-grid solar vaule and incenticise the creation of 250,000 new jobs in the energy sector


6. Mode of application for upstream companies


Upstream companies should access REA website and download the loan application form. Thereafter, they should send their completed application form, business plan and additional company documentation to their primary financial institutions (PFIs). Access to designated PFIs can be found here Applicants must also upload completed business plan, loan application letter and all other documents in REA data room


7. Mode of application for downstream companies


Nigeria Electrification Project (NEP) pre-qualified solar home systems companies and solar hybrid mini-grid developers can apply for debt funding. To apply, access the Rural Electrification Agency’s webiste ( to download loan application letter and other templates, upload completed business plan, loan application letter and the financial model along side all supporting documents in the data room. Send loan application letter using the email template to

8. Call For Applications For Startup North-East Programme

Ventures Platform Foundation Launches Applications for Startup North-East -  TechCity

Ventures Platform Hub’s impact arm, Venture Platform Foundation has launched an incubation programme called Startup North-East. The initiative which is supported by the US embassy in Nigeria is created to support, fund and mentor tech-based start-ups in the North-Eastern part of Nigeria. To apply, visit Six start-ups will be selected. Deadline for application is December 2, 2020

Also Read: Funding Opportunities for Businesses – November 2

9. Women in Business Growth Lab 2020 For Nigerian Female Entrepreneurs.

Women In Business Growth Lab 2020 for Nigerians female Entrepreneurs. |  Opportunities For Africans

A female entrepreneurship programme called ‘The Women in Business Growth Lab’ has been launched by Connect Lab

The 3-month programme is meant for early stage start-ups in Nigeria that are owned by women. There programme has four components: Co-creation and Value Proposition BootCamp; Incubation Programme; Women in Business Deal Day and the Growth Mentorship Exchange. 40 female entrepreneurs will be allowed to participate in this initiative. To apply, visit Deadline for application is November 30, 2020

10. Kuda Raises $10m Seed Funding


Nigeria's Kuda raises $10M to be the mobile-first challenger bank for  Africa | TechCrunch

Nigeria’s first free bank, Kuda has secured $10m investment from Target Global, Entrée Capital, SBI Investment and other angel investors.

Kuda is a digital-only bank that runs predominantly on smartphones, therefore needs no physical locations to provide full banking services. For users who have no smartphones, the firm has a USSD version.

Kuda processes over $500 million of transactions each month and aims to cover and is growing its team and operations to reach more in its home market with a population of over 200 million then expand across Africa and in the diaspora.


11. Outlierz Ventures Invests In Nigerian Start-ups

Morocco's Outlierz Ventures has made 5 African startup investments

Morocco-based B2B venture capital firm, Outlierz Ventures, has announced its investment in three Nigerian start-ups namely: Bamboo (a digital investment platform), YouVerify (a technology company solving identity problem in Africa), Asoko Insight (a corporate information platform), and Healthlane ( an application which combines remote medical services and those on the field).

According to Kenza Lahlou, co-founder and Managing Partner of Outlierz Ventures, “We are delighted to announce our new investments in three African technology companies and are very proud of the outstanding results of our portfolio. The African market represents a huge opportunity to build innovative tech-enabled platforms that transform traditional business models across key sectors of the economy.” For more information, visit

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