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Grants for African Small Business Catalyst – The U.S. International Development Finance Corporation (DFC) and U.S. African Development Foundation (USADF) have launched the African Small Business Catalyst (ASBC) to bolster early growth-stage small and medium enterprises (SMEs) in sub-Saharan Africa.
Grants for African Small Business Catalyst
Grants for African Small Business Catalyst – ASBC is a business accelerator that supports SMEs with loans ranging from USD$100,000 to USD$1 million and offers technical assistance (TA) and grants up to USD$100,000. ASBC targets SMEs in sub-Saharan African countries within the agriculture, food security, healthcare, and education sectors, as well as water, sanitation, and hygiene (WASH) with special consideration to SMEs that tackle the climate crisis and address gender equity considerations through their work.Â
ASBC assists its partners with capital/grants, mentoring, training, and TA to help them develop their business models, strengthen their management skills, expand their market reach, and deepen their impact.
What can Grants for African Small Business Catalyst offer my business?
- Debt investments up to USD$1 million
- Grant capital up to USD$100,000
- Intensive mentoring and training programs
- Targeted technical assistance (e.g., technology)
- Network of impact investors
- Impact first, catalytic partner (no dilution or claims on IP)
What regions and sectors does Grants for African Small Business Catalyst target?
ASBC targets SMEs in sub-Saharan African countries within the agriculture & food security, education, healthcare, and water, sanitation, hygiene (WASH) sectors. Special consideration will be given to SMEs that address climate and gender.
ASBC is a business accelerator that supports SMEs with loans ranging from USD$100,000 to USD$1 million and offers technical assistance (TA) and grants up to USD$100,000. ASBC targets SMEs in sub-Saharan African countries within the agriculture, food security, healthcare, and education sectors, as well as water, sanitation, and hygiene (WASH) with special consideration to SMEs that tackle the climate crisis and address gender equity considerations through their work.
ASBC assists its partners with capital/grants, mentoring, training, and TA to help them develop their business models, strengthen their management skills, expand their market reach, and deepen their impact.
What can ASBC offer my business?
- Debt investments up to USD$1 million
- Grant capital up to USD$100,000
- Intensive mentoring and training programs
- Targeted technical assistance (e.g., technology)
- Network of impact investors
- Impact first, catalytic partner (no dilution or claims on IP)
What regions and sectors does ASBC target?
ASBC targets SMEs in sub-Saharan African countries within the agriculture & food security, education, healthcare, and water, sanitation, hygiene (WASH) sectors. Special consideration will be given to SMEs that address climate and gender.
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