Small businesses are encouraged to apply for the SEDA Asset Funding for SMEs to acquire capital to fund selected equipment as well as working capital. The program aims to provide assistance to Small, Medium, and Micro Enterprises (SMMEs) by providing them with funding to purchase equipment for starting operations or for increasing production. The SEDA Asset Funding for SMEs is specifically targeting machinery, equipment, and procurement of raw materials.
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The Tony Elumelu Foundation Entrepreneurship Programme is a structured training opportunity designed to address the most common hurdles faced by entrepreneurs in Africa. The programme will categorize entrepreneurs according to their knowledge and skill; and will provide a targeted, hands-on, learning process. Entrepreneurs must complete this programme to proceed to pitching their business plan and to receive the $5000USD capital.
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One of the key responsibilities of an entrepreneur is ensuring compliance with both industry-specific and national legal regulations. Failure to adhere to these requirements can significantly impede critical business activities. For example No funder will consider investing time or money in a business that does not comply to laws and that risk penalties and fines.
Read MoreVisa Africa Fintech accelerator
One of the key responsibilities of an entrepreneur is ensuring compliance with both industry-specific and national legal regulations. Failure to adhere to these requirements can significantly impede critical business activities. For example No funder will consider investing time or money in a business that does not comply to laws and that risk penalties and fines.
Read MoreMake compliance a way of business
The GSMA Innovation Fund offers R2.5-R6 million to African startups addressing humanitarian challenges with GSM/digital technologies. It requires applicants to secure 25-50% matched funding, prioritizes women-led initiatives, and offers non-financial support. Companies must be post-revenue and may not exceed 250 employees. Applications close on 12 February 2024.
Read MoreGMSA grant funding for digital startups
