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List of 100% Fully Funded Entrepreneurial Funding Opportunities for Africans Upto $1m to be Won

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African is a world populated continent with lots and majority of entrepreneurs in different fields and categories. A lot of startups always have one or two challenges raising the required funds for their business startup. Here’s is a funding opportunity for African Citizens.

This will be the best opportunity for many who will follow with immediate actions.

Funded Entrepreneurial Funding Opportunities in Africa 2018

Below is a list of fully funded startups funding opportunities for Africans.



The African Entrepreneurship Award strives to continuously improve by learning about entrepreneurs and their ecosystems. Since 2015, Award Teams have visited 130 entrepreneurs on-site, in their countries.

Countries visited are Angola, Botswana, Burkina Faso, Cameroon, the Democratic Republic of the Congo, Egypt, Ethiopia, Gabon, Ghana, Ivory Coast, Kenya, Madagascar, Morocco, Mozambique, Namibia, Nigeria, Republic of the Congo, Rwanda, Senegal, South Africa, Tanzania, Uganda, Zambia.

This program is to help business startups raise required funds to fully fund and start up their business with the help of ready to help mentors.

The program is also drawn with a $1m which is going to be shared amongst successful applicants. As for last year African Entrepreneurship Award, it covers the areas of Education and Environment while 2018 award is to cover the areas of Innovation and Sports.

Innovation: In innovation, entrepreneurs with good business ideas that will impact the society, solve problems that have not been solved and create employment opportunities to Africans are invited to submit their application before the end of ROUND 1.

The winners of this award are going to share the proposed $1m to start and virtualize their business goal.

To apply, simply follow this link to the application page

Tony Elumelu Foundation

Established in 2010, The Tony Elumelu Foundation, also known as TEF, is the leading philanthropy in Africa championing entrepreneurship and entrepreneurs across the continent. The Foundation’s long-term investment in empowering African entrepreneurs is emblematic of Tony Elumelu’s philosophy of Africapitalism, which positions Africa’s private sector, and most importantly entrepreneurs, as the catalyst for the social and economic development of the continent. It provides an atmosphere for Africans to learn and become business owners.

Sign up here

Bank of Industry

bank of industry nigeria

The bank of industry targets businesses that engage in manufacturing and processing activities. Target sub-sectors include Agro-processing, Solid Minerals, Information Technology, Oil and Gas and Creative Industry. BOI’s loan support to the SME starts from N5 million. However, loan below N5 million is provided on a matching fund platform which is operated in collaboration with various state governments and on the Bottom of the Pyramid (BOP) scheme which is operated through MicroFinance Banks. With the help of the bank of industry, you can get cash loan up to N500m to startup your business plan. Sign Up Here

Meltwater Foundation Program

Discover Meltwater Entrepreneurial School of Technology (MEST) in Africa

MEST was developed in Accra, Ghana in 2008, by Jorn Lyseggen, CEO of the Meltwater Group. He believes that talent is everywhere though the opportunity is not and that with the right support and guidance these aspiring entrepreneurs can achieve great things. This belief is the foundation for MEST, which sets out to prove that a new generation of young, successful global software entrepreneurs can originate in Africa.

MEST offers aspiring entrepreneurs a fully sponsored, intensive 12-month training program. Entrepreneurs-in-Training (EITs) are sourced from top graduates in Ghana, Nigeria, Kenya, South Africa and Cote d’Ivoire.

The Meltwater Foundation Scheme tends to provide Africans with the opportunity to study and learn the first class, MBA level training on Software Development, management, Web Design, Programming and various form of Tech-driven courses after which they offer to finance up to $200k and above to those startups Software companies. Sign Up Here

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