Opportunity for African Women Entrepreneurs: USADF Grant Program
The United States African Development Foundation (USADF) and the United States Department of State Africa Bureau are pleased to announce the opening of applications for the 2024 African Women Entrepreneurs Program-Reimagined grant.
This initiative, now in its second cycle, is designed to empower women entrepreneurs across select African countries.
Eligible applicants from Namibia, Mauritania, Senegal, Cote d’Ivoire, Malawi, Uganda, and Zambia are invited to apply.
Grant Details and Award Amount
Selected winners under the African Women Entrepreneurs Program-Reimagined will receive grants ranging from USD$50,000 to USD$100,000.
This financial support aims to bolster and advance the ventures of women-owned businesses in the specified countries.
The mention of the substantial grant amounts emphasizes the significant financial support available to successful applicants.
It underscores the commitment of the USADF and the Department of State Africa Bureau to empower and uplift women entrepreneurs in the selected African nations.
Eligibility Criteria for Applicants
To be considered for the grant, applicants must meet specific eligibility criteria:
The business must be woman-owned, with 100% African ownership and management.
Legal registration and operations in the applying country for at least three years.
Basic functional management and financial controls must be in place.
A banking history of no less than 12 months.
The majority (over 50 percent) of the business must be owned and managed by women.
The business should operate in a designated USADF program country.
Approval under the UEI (Unique Entity Identifier) process is required.
A clear proposal outlining the intended use of the grant money.
Business owners should not be government employees.
The entity must be income-generating and cannot be a not-for-profit organization.
The detailed eligibility criteria provide clarity on the specific requirements that applicants must fulfill.
This ensures a fair and transparent selection process, aligning with the program’s goal to support viable and sustainable women-owned businesses.
Required Documents for Application
Applicants are expected to submit the following documents:
Ownership or shareholder documents.
Registration documents.
Confirmation email of approved UEI from SAM.gov.
The specified documents streamline the application process and provide a clear checklist for applicants.
This transparency helps applicants prepare thorough and accurate submissions, facilitating an efficient evaluation process.
Application Submission Details and Deadline
All applications must be submitted via email to [email protected] no later than midnight on January 21, 2024.
The clear instructions on the submission process, including the designated email address and deadline, ensure that applicants are well-informed and can adhere to the application timeline.
Empowering African Women Entrepreneurs
This grant program signifies a commitment to empowering and uplifting women entrepreneurs in specific African countries.
The partnership between USADF and the Department of State Africa Bureau underscores the importance of fostering economic growth and sustainability through women-led enterprises.
The concluding emphasis on empowerment and collaboration highlights the broader impact of the program.
It suggests a collective effort to drive positive change in the entrepreneurial landscape for African women, promoting economic resilience and innovation.
Application Link
For interested applicants, the application link is provided at the end, directing them to the official platform for submissions.
The inclusion of the application link serves as a direct pathway for potential applicants to access the necessary forms and information.
It ensures a seamless transition from learning about the opportunity to taking actionable steps in the application process.
World News
TDPel Media
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