Unlock funding for your agribusiness with grants from $500,000 to $2.5 million through the Agribusiness Challenge Fund. Open to SMEs across 20 African countries, this opportunity supports scalable, innovative projects that create jobs and incorporate climate adaptation or digital solutions. Apply by November 22, 2024!

The Agribusiness Challenge Fund is an exciting opportunity for Small and Medium-sized Enterprises (SMEs) operating in the agriculture sector to secure substantial funding and technical assistance. Open from March 18, 2024, to November 22, 2024, this rolling call for proposals targets innovative and scalable agribusiness projects that create job opportunities, especially for young women, men, and marginalized groups in Africa.

CATEGORIES OF INTEREST IN THE AGRIBUSINESS CHALLENGE 

-Primary production

-Processing and aggregation

-Trading and market linkages

ELIGIBILITY CRITERIA: 

To be eligible to apply, an SME must:

-Be involved in the sector of focus i.e. agriculture.

-Be an existing for-profit Small or Medium-sized Enterprise.

-Be implementing business in at least one of the 20 focus countries in Africa.

-Be requesting for grant funding ranging from US$ 500,000 to US$ 2,500,000, disbursed over a three-year period, based on applicants’ development stage, scalability, and business model. Additional tailored technical assistance will be provided to successful applicants. 

-Be providing matching contribution of at least 30% of the total project cost.

-Have innovative, practical, and scalable businesses that aim to create work opportunities for young women and men, young people with disabilities or refugee youth.

-Adhere to fundamental human rights, labour standards, and environmental management laws, both nationally and internationally, including seed laws/policy.

-Refrain from any involvement in acts of terrorism or support for terrorist activities.

SELECTION CRITERIA 

Applications in the Agribusiness Challenge Fund will be selected based on the following criteria:

-Project description and objective

-Alignment with Fund for Resilience and Prosperity priorities

-Project impact

-Financing plan/Matching funds

-Team structure

-Additionality

Our Services
1. Business Idea Refinement

2. Business Plan development with Financial Projections

3. Financial Modelling and Planning

4. Investor Pitch deck and development

5. Pitching and Story-Telling Training

6. Accounting and Financial Management

7. Sell Products and Services online

8. Business Management Support

Sign up via www.imuka.co to request any of the above services to scale your business, engage with Industry experts, gain exclusive access to Masterclasses, Trainings and Events! 

Call: +256 788 320 403
Email: info@imuka.co

Apply Here