Register for the refresher investment seminar on September 29th, 2021

Alliance for a Green Revolution in Africa (AGRA) and RENEW Strategies (RENEW) are inviting woman-owned or woman-led agribusinesses to participate in a refresher investment seminar under the African Resilience and Investment Series for Women Executives (ARISE) program. The ARISE program provides various elements of support to women in agriculture businesses, including managerial capacity building, coaching on investment readiness, and how to pitch to investors.

The seminar will provide participants skills and knowledge on:

  • Pitch preparation
  • Understanding the investment process
  • Practical tips on researching and approaching investors

By participating in this training, women in agribusiness will improve their business capacity and resilience to recover from financial hardships caused by the pandemic.

Date: September 29th 2021, 02.30 – 5.00 pm EAT

To attend the free webinar:  Register here

For more information, contact: fasrat@renewstrategies.com or  botieno@agra.org.

Alliance for a Green Revolution in Africa  (AGRA) 

AGRA is a farmer-centred, African-led, and partnerships-driven institution that transforms Africa’s smallholder farming from a solitary struggle to survive to a business that thrives. AGRA programs develop practical solutions to boost farm productivity and incomes for the poor while safeguarding the environment. 

RENEW Strategies (RENEW)

RENEW is an impact investment firm. It manages and serves a global network of investors that seek to realize both social impact and financial returns on their investments in small and medium enterprises (SMEs) in Africa.

 

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Are you an entrepreneur or non-profit innovator restoring trees to Africa's land? Apply for up to UGX 1.75 billion in funding today!

Under the AFR100 Initiative, World Resources Institute (WRI) invites enterprises to apply for funding to plant trees in rural and urban landscapes in Africa. The initiative aims to restore 100 million hectares of degraded land by 2030 and will support hundreds of local innovators pioneering projects and business models that show that restoration can create Africa’s prosperous, net-zero-emissions future. Both grant and low-interest debt financing is available, including grant funding for nonprofits and local community organizations and low-interest loans to private enterprises with three to ten year terms.

Applicants will undergo a two-stage online application process using TerraMatch online portal. WRI will then announce the initial cohort of the top 100 during the UN climate change conference (COP26) in November 2021. Selected projects and businesses will start receiving funds to plant and grow trees in early 2022.

 

To be eligible for the funding, applicants must fulfil the following criteria:

  • Be legally registered in one of the 31 AFR100 member countries listed here
  • Early-stage companies and projects seeking UGX 175 million – UGX 525 million must show the capacity to run successful projects
  • Growth-stage applicants seeking UGX 876 million – UGX 1.75 billion must have a strong track record of growing trees at scale
  • Have the ability to monitor and report their impact to funders
  • Be able to receive international bank transfers

 

How to apply

Interested enterprises can apply by filling in this form.

Application guidelines are available  here.

Submission deadline: 23rd September 2021

For more information: visit https://www.africa.terramatch.org/.


Start-up Fund

Thinking of starting a business or growing your startup but unsure of where to start? Develop a Business Model Canvas

Are you an entrepreneur thinking of starting a business or a business owner in the startup phase with plans to take your business to the next level? The Business Model Canvas is an entrepreneurial tool that enables you to visualize, design, and reinvent your business model. Developed by Swiss business theorist and author Alexander Osterwalder, the tool can help business owners develop a clear view of their value proposition, operations, customers, and finances. As a small business owner, you can use it to identify how the different components of your business relate to each other. That’s powerful when deciding where you need to focus your time and attention as you start and grow your business.

While business plans can be helpful when starting or growing a business or necessary to obtain financing or investment, the business model canvas can provide entrepreneurs with an easier starting point. Enoth Mbeine, a business development specialist with over twenty years of experience supporting businesses in Uganda, advises entrepreneurs to embrace the tool in their planning exercises. Enoth explains that the one-page canvas is precise and structures business models more quickly than developing a business plan, which can take several months to write.

 

The canvas includes nine building blocks with main questions for each as follows:

  • Key partners —Who are the buyers and suppliers to relate with? What other alliances will help you accomplish core business activities and fulfil your value proposition?
  • Key activities—What are the most important actions you must engage in to fulfil your value propositions, strengthen customer relationships, optimize revenue streams, etc.?
  • Key resources—What resources do you need to optimize value for your customers and sustain your business?
  • Value propositions—What products and services will you offer to meet the needs of your customers? How will your business be different from your competition? What challenges will you solve for your customers?
  • Customer relationships—What types of relationships will you forge with your customer segments? What are the relationship expectations of each customer segment?
  • Customer segments—What sets of customers will you serve? Which are most important to your business?
  • Channels—Through what means will you reach your targeted customers and deliver your products and services to them? Which are most cost-effective?
  • Cost structure—What are the essential costs your business will face? Which resources and activities will cost the most?
  • Revenue streams—How much will you charge for your products and services? What are customers willing to pay for? How will customers pay?

Embracing the tool can help entrepreneurs easily identify gaps during planning, visualize what is important, and provide context for next steps.

For support on using the model, contact Enoth Mbeine on +256 776 851166 or email medconsult2017@gmail.com.


Are you interested in business consulting services to address a business challenge related to going digital? Register for the Digital for Impact programme before 13th September 2021!

The London Business School, in collaboration with the Growth Movement, a United Kingdom-based social enterprise, seek to support SMEs in Rwanda to address challenges post-COVID19 through their Digital for Impact programme. The programme will connect SMEs in Rwanda with top student consultants from the London Business School for business advisory services. Through the programme, SMEs in Rwanda will be assigned five business consultants to support them with tangible business solutions and recommendations to grow and pivot their enterprises. Additionally, SMEs will have the opportunity to network with London Business School’s extensive network of alumni and corporate partners and will earn a programme certificate from the institution. To be eligible for this opportunity, the business should:  

  • Be located in Rwanda or Uganda 
  • Have five or more employees Be fluent in English, have access to great internet and computer 
  • Be able to access virtual communication tools like Zoom, Webex, and others 
  • Have a digital-related opportunity or challenge 
  • Be dedicated to improving your business and outline a specific business challenge or project for the duration related to the “Digital for Impact” theme 
  • Be committed to completing all the sessions with your business consultant team 

For more information about the programme: LBS Programme. 

To apply for this programme:  Application Form 

 


Agricultural Business Initiative (aBi) Development Limited call for proposals under the dairy funding window is now open

Agricultural Business Initiative (aBi) Development Limited is inviting applications from eligible agribusinesses to implement projects under the dairy funding window titled “Increasing milk production and productivity of smallholder dairy farmers in South Western , Central and Rwenzori Regions of Uganda”.  The purpose of the funding is to increase productivity per cow through improved feeding and watering, pest and disease control and better business planning and management by dairy smallholders. The funding window will contribute to improved profitability, income, and employment of Ugandan farmers and agribusinesses. The key focus areas for the intervention include:

  • Pasture/feeding
  • Water access
  • Breeding
  • Animal health
  • Cooperative governance strengthening

 

Who can apply?

The call for proposals is open to applicants that meet the following requirements:

  • An intermediary organization (either for-profit or not-for-profit) or consulting firm with a focus on strengthening for-profit agribusiness service provision in the dairy sector
  • Have executed at least two national or international donor-funded or own funded programs in Uganda in the last five years, with annual budgets of over UGX 2.5 billion
  • Have at least seven years’ experience in agribusiness development capacity
  • Possess audited financial statements for the past three years
  • Experience in the dairy sector in South West, Central or Rwenzori Regions of Uganda, preferably with the presence of field offices
  • Have the capacity to contribute towards the project budget in cash
  • A reputable organization with no previous record of funds mismanagement
  • Fully Uganda Revenue Authority (URA) tax and National Social Security Fund (NSSF) compliant

 

How to apply

Interested parties can apply through the aBi grant management system at: https://www.mandemobile.com/abi/applicant/opportunitypublic/opportunitypublic/public_view/dmn159KtV8jpBbNFRJTH8Y-PnsxAYzTy_FRAEFAvhus

Guidelines for applicants are available here.

 

Deadline for submissions

17th September 2021

For any questions, please send an e-mail to Ronald.Wabwire@abi.co.ug not later than 10 days before the deadline, with the reference (VCD- Dairy/2021/02).

 

About Agricultural Business Initiative (aBi)

aBi is a social enterprise that channels development cooperation funding to agribusinesses and agricultural service providers in Uganda to build a strong and competitive agriculture sector. aBi consists of two companies, aBi Development Ltd (formerly aBi Trust) and aBi Finance Ltd. aBi Development channels development funding as matching grants and business development services to agricultural producers and agribusinesses to enhance their management, production, productivity, value addition, income, profitability and employment. aBi Finance provides lines of credit to financial institutions for on-lending to agribusinesses across the entire value chain.

 

For more information, visit https://www.abi.co.ug/.


Are you a solar company seeking to grow your market? Apply for a financing opportunity with PSFU today!

The Private Sector Foundation Uganda (PSFU), in partnership with the German Society for International Cooperation (GIZ)  through the Energising Development (EnDev) programme Uganda, invites applicants for a financing opportunity that aims to increase energy access through solar home systems to last-mile households in Uganda. The pilot will provide economic incentives to off-grid solar companies to reach rural areas with home solar systems.

  

How will successful applicants benefit?

Successful solar company applicants will receive financial incentives to offset part of their costs and risk including:

  • Customer remote finance: To subsidize customer acquisition and after-sales service costs based on customer location.
  • Asset finance: Toincrease shelf time for solar systems purchased on a cash basis and reduce the risk of default. 
  • Customer default finance: Topay off customer-specific partial compensation for losses made due to default payments.

NB: Successful candidates will be required to sign an incentive contract with PSFU.

 

Who is eligible to apply?

Interested applicants must meet the following requirements:

  • Duly registered for-profit company operating in Uganda
  • Tax compliant and have no open tax or fraud issues
  • Company products fit in either Tier 1, Tier 2 or Tier 3 solar systems as recommended here
  • Have relevant evidence of their sales subsidized
  • Have at least one of the following documentations:

 

How to apply

Eligible companies can apply by completing the application form here and submit it to:

procurement@psfuganda.org.ug and fkajura@psfuganda.org.ug

Copy: marsida.rada@giz.de

Guidelines for applicants are available here.

Submission deadline: 07th September 2021 at 05:00pm

For more information contact:

Tel: +256 789532670

Email: fkajura@psfuganda.org.ug

Visit: https://psfuganda.org/psfuopportunities/consultancy.html


03 September deadline approaches for the Goldstone Small and Growing Business Accelerator – apply now!

03 September deadline approaches for the Goldstone Small and Growing Business Accelerator – apply now!

 

In partnership with Argidius Foundation and Village CapitalGoldstone Consulting invites applicants for its Small and Growing Business Accelerator program. Goldstone Consulting is a Kampala-based enterprise consulting and training firm that aims to lead the way in poverty alleviation through enterprise development. With over a decade of experience, Goldstone Consulting has delivered over twenty-three projects and three accelerator/investment readiness programs for entrepreneurs.

The accelerator program aims to support small and growing businesses active in water and sanitation, education, agribusiness, and renewable energy sectors through common challenges by preparing them to apply best practices and strategies for business growth. The program will also build confidence for enterprises which is critical for raising funds.

 

How will successful applicants benefit?

As part of the 3-months program, entrepreneurs will gain access to:

  • Participation in online training sessions to improve their business skills
  • Support to develop and refine business strategies to increase competitiveness
  • Mentorship and coaching directly from industry experts
  • Linkages to access financing for their businesses

 

Who can apply?

The program is open to Ugandan companies that meet the following requirements:

  • Have been in operation for three years and above
  • Demonstrate ability to absorb funding between UGX 70 million – UGX 1 billion
  • Operate in any of the following sectors: water and sanitation, education, agribusiness, or renewable energy
  • Employ between 5 – 100 staff, including seasonal and casual staff
  • The applicant is the founder/co-founder of the business

 

How to apply

Eligible businesses can apply here.

Application deadline:  03 September 2021

 

For more information,

Call: +256752650042

Email: goldstoneect@gmail.com

Visit: https://goldstone-ect.org/


Interested in enhancing your business’ digital footprint? Apply for the Digital Launchpad program today! 

Norwegian Agency for Development (NORAD), in partnership with Africa118, is inviting entrepreneurs to apply for the Digital Launchpad program. The program will support over 3,000 small and medium-sized enterprises (SMEs) in six African countries including 250 in Uganda with access to training in financial literacy, digital marketing, and investment readiness as well as support with e-commerce and access to financing. The Digital Launchpad program targets SMEs with less than 50 employees and limited digital marketing expertise with a particular focus on businesses involved in tourism, export, agribusiness, fisheries and acquaculture, among others.

 

Why should you join the program?

By joining the program, your enterprise will benefit from the following support:

  • Receive in-depth digital skills and financial literacy training
  • Engage in digital marketing campaigns to grow your business
  • Develop a professional website and a business profile to improve your online visibility
  • Access to professional emailing services on Google workspace
  • Participate in expert business mentorship and coaching
  • Receive assistance in building business networks

 

Who is eligible? 

The program is open to SMEs that meet the following criteria:

  • Legally registered businesses in either Kenya, Ethiopia, Uganda, Tanzania, Rwanda, or Ghana
  • Employ less than 50 staff
  • Possess limited digital marketing expertise
  • Confirm availability to attend the scheduled training, coaching acceleration, and mentorship activities
  • Demonstrate the willingness to contribute 50% of the cost (UGX 700,000) for services offered in year 2 and 100% of the cost (UGX 1,400,000) for assistance in year 3
  • Commit to participate for the entire 3-year program duration from 2021 to 2023

NB: The program will give priority to women and youth-owned businesses. 

 

How to apply

Eligible enterprises can apply here.

Applications are received on a rolling basis.

 

For more information contact:

Phone: +254 729 905156

Email:  digitalaunchpad@africa118.com

Visit: https://digitalaunchpad.africa118.com


Interested in Advertising Your Business on Social Media? Start Here!

A common mistake many business owners make when delving into the world of social media for the first time is failing to define clear goals. With COVID-19 pushing more businesses online and platforms being flooded with other brands, it’s more important than ever to identify what you want to achieve so that you can take the needed steps to see your brand thrive online!

Social media platforms popular among businesses include Instagram, WhatsApp, Twitter, Facebook and LinkedIn. They can be used to drive business growth by increasing brand awareness (the number of people who know about your business), enhancing your brand reputation (improving their view of what you offer) and growing your revenue (by leading to new sales).

Your objectives for promoting your business on social media should be SMART:

  • Specific: Setting a specific and clear goal to ‘reach 200 new followers’ is more useful than having a goal of ‘increasing followers’ and can help you track your progress.
  • Measurable: ‘Increase revenue’ is not a goal unless you have a metric to measure your success. Some social media metrics include the number of likes, followers, and shares you reach on a particular platform (see below for more on these).
  • Attainable: Your goals should be challenging but be within reach. If you currently have 500 followers, a realistic target would be to reach 600 followers within two months, not 2000.
  • Relevant: Understand how your goal will benefit your business and make sure it meets your needs. If your business is targeting professionals, it may make more sense to advertise on a platform like LinkedIn. If it targets everyday consumers, Facebook and Instagram may be more appropriate.
  • Timely: Include a deadline for your goals so that you keep motivated and know when to see your success.

 

Once you have set objectives, the next step is to begin posting! Once you do that, you’ll want to measure the success of your social media performance. This will help you understand what kinds of posts are most popular and on which platforms.

Some common metrics you’ll want to track include:

  • Social Sharing: When a user reposts or sends your content/post to their networks and connections.
  • Impressions:Impressions are the number of times a post from your page is displayed.
  • Post Reach:the number of people who saw your post in their newsfeed.

You may want to think about using social media platforms not only to advertise but also to understand where you can do better. A few ideas include asking social media users to rate from 0 to 10 how likely they are to recommend your product or service or to ask about their level of satisfaction with a particular product or service (such as whether they are “Very unsatisfied”, “Unsatisfied”, “Neutral”, “Satisfied” or “Very Satisfied”). This kind of information can help you make tweaks that can bring your business to the next level.


Streamlining the Invoicing Process

Streamlining the Invoicing Process

While invoicing may not be the most enjoyable part of running a business, it is crucial to keep any company running. With the pandemic creating many challenges in cash flow management, it is now more important than ever to have a strong invoicing system. Here are three tips to improve your invoice management.

 

  1. Establish clear payment terms

Before entering into a contract or payment agreement with a client, make sure to explain your payment terms and policies to them. For example, if your terms are to receive payment within 15 days of issuance, let them know that up front. This allows your clients to avoid unwelcome surprises and fees when they receive invoices. Establishing this level of transparency also helps to build a stronger relationship with your clients.

 

  1. Know your clients

To ensure you receive payments in a timely and convenient manner, it is important to understand how your client behaves and their concerns and needs. Do they have a particular time of the week or month when they receive payment from an employer or their own clients? Do they prefer paying via cash or mobile money? Having a brief conversation with your clients can allow you to tailor payment terms to their cash flows and preferred methods of payment, which will make it easier for you to collect what is due. This can also help you understand when clients might require new deliveries of your product or services.

 

  1. Go digital

As businesses start shifting online, many companies expect digital payment solutions that allow them to make payments at any time from anywhere. Providing an online payment solution can save time in the invoicing process, allowing you to focus more on other important tasks. Digital solutions can also help you increase savings by reducing your expenses on delivery fees, paper costs, or additional staff or programs to handle the invoicing process.

Some useful online invoicing platforms include Zoho Invoice, Paypal, Pesapal and Easypay digital wallet that help you automate, track and organize payments.