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Startups in Ghana, Egypt and Kenya To Receive Funding From German NGO

Startups

Aug. 25, 2020, 10:24 a.m.

A German NGO called Enpact has launched a funding program that supports entrepreneurs in emerging markets with curated combination of funding, mentoring, workshops and network building.

The program, dubbed, “Empowering Entrepreneurship Initiative” forms part of the COVID-19 Relief Programme designed to help young businesses cope with the economic challenges brought on by the pandemic.

Funds will be disbursed to entrepreneurs to provide them with financial security while they focus on getting back on track amid the pandemic.

Aside Kenya, Egypt and Ghana, the program will support 180 businesses in all sectors in other countries including Mexico, Jordan and Indonesia.

The selected businesses will have access to Individual mentoring sessions adapted to their needs. Direct financial support of up to KSh1.1 million ($10,180) per business, expert workshops on crisis management, business development, leadership and growth and access to our global network of +1000 startups, +300 mentors, experts and investors across five different continents.

The Empowering Entrepreneurship Initiative will now operate two programmes designed to deliver economic relief from the COVID-19 crisis: the “COVID-19-Relief-Programme” and the “COVID-19-Relief-Programme for Tourism.”

The programmes are both funded by the Federal Ministry for Economic Cooperation and Development in Germany.

The Strategic Partnership Technology in Africa works in cooperation with Enpact to promote the implementation of the programme.

The first programme, however, is implemented independently by Enpact. For the second programme, Enpact cooperates with the TUI Care Foundation.

A total of 330 founding teams of young, innovative businesses in Egypt, Ghana, Jordan, Indonesia, Mexico and Kenya will be supported with a combination of mentoring, workshops, network building and financial support.

The first “COVID-19 Relief Programme” is open to businesses from all sectors, with the second, “COVID-19-Relief-Programme for Tourism” specifically tailored for businesses from the tourism sector and sectors relevant to tourism.

The two programmes will operate independently of each other and follow different schedules, scales and thematic foci in their respective target countries.

Legally registered businesses in Egypt, Jordan, Ghana, Kenya, and Indonesia across all sectors with innovative, globally scalable business models have until August 30 to apply for the program.

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Dorcas

Dorcas Benewaa Author

Dorcas is an upcoming journalist. She loves the creative arts and loves to write about startups, digital arts and issues in the tech sector.

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