Applications are open for the African Small Business Catalyst (ASBC) Program 2022. 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.
ASBC assists its partners with capital/grants, mentoring, training, and technical assistance to help them develop their business models, strengthen their management skills, expand their market reach, and deepen their impact.
Complete the application form before April 15, 2022. Late applications will not be accepted.
Lastly, It is important to visit the official website link found below to access the application form.