DFC USADF 2022 African Small Business Catalyst for SMEs in sub-Saharan Africa.

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.

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. 

• Table of Content
• About United States African Development Foundation (USADF)
• African Small Business Catalyst
• Aim and Benefits of African Small Business Catalyst
• Requirements for African Small Business Catalyst Qualification
• Application Deadline
• How to Apply

African Small Business Catalyst

Application Deadline	Not Specified
Type	Entrepreneurs
Sponsor	United States African Development Foundation (USADF)
Gender	Men and Women

Aim and Benefits of African Small Business Catalyst

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)

Requirements for African Small Business Catalyst Qualification

ASBC seeks to partner with for-profit businesses that are registered locally and majority African-owned. Ambitious, full-time management teams with a clear vision and that are driven to grow their business and deepen their social impact are ideal candidates. Businesses must have at least two years of operations and be revenue positive with a scalable product/service.

Application Deadline

Not Specified

How to Apply

Interested and qualified? Go to United States African Development Foundation (USADF) on usadf.gov to apply

For more details, visit USADF website.