Building a startup usually requires funding to help bring the idea into life. Many do not have access enough funding to carry out the necessary things to implement the ideas. Apart from using personal savings, borrowing from relatives and finding investors, there are several funding opportunities available to startups in Africa.
This article would list some of the funding opportunities available to entrepreneurs and startups.

  1. The Tony Elumelu Foundation Entrepreneurship grants Programme (TEEP): This is a Pan-African initiative for entrepreneurs, founded by a Nigerian billionaire investor. It is multi-year program consisting of training, funding, and mentoring, built to empower African entrepreneurs
  2. MEST Africa Challenge: This is a business grant available to entrepreneurs deal in tech and reside in the following countries; Côte d’Ivoire, Ethiopia, Ghana, Kenya, Nigeria, Rwanda, Senegal, South Africa, and Tanzania. The challenge was implemented to search for African tech entrepreneurs and focuses prioritizes coaching them, providing business capital and wide networking with other entrepreneurs.
  3. SeedStars World: This is a business grant offered to entrepreneurs, web and mobile and tech startups from Africa. It offers SME grants to different promising business owners across different regions including Asia, Africa, and more. To access this grant, there is a need to apply for the Business grant competition which is offered annually . It also helps in building and supporting online businesses.
  4. Schwab Foundation: This foundation was established to promote entrepreneurs in Africa with focus in areas such as tech, agribusiness, health and education sector. It is situated in Geneva, Switzerland and offers grants to businesses who pass the selection stages.
  5. She Leads Africa Accelerator: This focuses on female entrepreneurs between the age of 18 to 35 years by providing grants, help in boosting their online presence and an intensive training on business an operational skills .

The above business grants are one of the top grants available to African entrepreneurs and not only do they provide funds, some provide business supports and networking opportunities.


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