Grant opportunity for SMEs and entrepreneurs in the agricultural sector
Grant opportunity for SMEs and entrepreneurs in the agricultural sector
The Agribusiness Challenge Fund calls for proposals from African SMEs and entrepreneurs that can create work opportunities at scale for young women and men, young persons with disabilities, and refugee youth.
The Mastercard Foundation Fund for Resilience and Prosperity has launched an Agribusiness Challenge Fund, calling for proposals from SMEs in the agriculture sector that can create work opportunities at scale for young women and men, young persons with disabilities, and refugee youth.
The Agribusiness Challenge Fund will provide SMEs with innovative and commercially viable agribusinesses across 20 countries in Sub-Saharan Africa the opportunity to receive support to upscale their businesses in a bid to create sustainable employment opportunities for young people, with particular focus on young women.
Selected SMEs will receive support from the Fund, including grants ranging from US$ 500,000 to US$ 2,500,000, disbursed over a 3-year period, based on the applicants’ development stage, scalability and business model, in accordance with agreed periodic milestone targets.
The eligible countries are: Benin, Burundi, Botswana, Cameroon, Côte d’Ivoire, DRC, Ethiopia, Ghana, Kenya, Malawi, Mozambique, Nigeria, Rwanda, Senegal, Sierra Leone, South Africa, South Sudan, Tanzania, Uganda and Zambia.
The application deadline is 22 November 2024.
For more details about this opportunity, click here.
Interested applicants for the Agribusiness Challenge Fund can register and access the application platform through the Fund website.