News in bief: The United States African Development Foundation (USADF) is offering grant financing to agricultural cooperatives, producer groups, processors, and enterprises in Burkina Faso, Cote dâIvoire, Nigeria, Somalia, and South Sudan until July 31, 2023. The grants aim to enhance capabilities, increase revenue, create jobs, improve farmer incomes, and promote sustainable market-based growth while requiring eligible entities to be African-owned and meet specific criteria for successful proposals.
The United States African Development Foundation (USADF) is calling for applications from suitably qualified candidate for grant financing in select African countries, namely Burkina Faso, Cote dâIvoire, Nigeria, Somalia and South Sudan.
Agricultural cooperatives, producer groups, processors, and enterprises in these countries can take advantage of the opportunity by July 31, 2023.
ð¨Calling all agricultural cooperatives, producers, or enterprises based in Burkina Faso, Cote d’Ivoire, Nigeria, Somalia & South Sudan!
Apply today for USADF grant funding! Visit https://t.co/iAJex3T9y1 for more information and submit your application by July 31st.
ð§ð«ð¨ð®ð³ð¬ð¸ð´ð¸ð¸ pic.twitter.com/Jh6DCdc6Vxâ U.S. African Development Foundation (@USADF) July 20, 2023
The grants are aimed at enhancing organisations’ capabilities, increasing revenue, creating jobs, improving farmer incomes and promoting sustainable market-based growth.
The USADF says it is committed to supporting community-led strategies and partnering with local organisations in Africa for development. To qualify, an organisation or cooperative must have a successful track record of working together for at least two years and a minimum of 200 active members or suppliers. They must also demonstrate that they can effectively utilise the grant funds they will receive.
In addition, both the ownership and management must agree on which problem they want to address and commit to benefiting their community. Also, eligible entities must have basic functional management and financial controls for at least two years to show accountability for the funds.
The development foundation further emphasised the need for applying organisations to be wholly African owned. It pointed out some requirements for writing a successful proposal such as well-defined defined market opportunity to increase revenues and incomes and plan to achieve revenue and income growth within 2-4 years.
Organisations must also show that they are able to make substantial cash or in-kind contributions to the project and have a direct impact on hundreds of people and community members. They are required to show a sustainable growth path plan beyond the grant period.
USADF urges applicants to be open to innovative strategies, including new approaches and technologies, as well as complementary finance and information technology. For special consideration, an organisation or cooperative must be women-owned or have youth-focused projects.
Submissions must include the financial statements for the last 2 years, registration documents, and a completed grant application form in either English or French.
