Introduction

Globalhaven Capital Group, in partnership with the World Bank, is excited to announce the Accelerate Africa Entrepreneurship Challenge. After a successful track record of investing across Asia, Europe, and the Americas, we are proud to bring our global expertise to Africa for the first time. Our goal is to expand our offices across 20 African countries by the end of 2023, marking a significant milestone in our mission to empower businesses and drive economic growth across the continent.

We are looking for all kinds of businesses—whether you are looking to develop new products, expand your operations, hire more staff, or enhance your current offerings, this grant is for you. We believe in the power of businesses, both big and small, to drive positive change and contribute to the modernization of industries and local economies. Our goal is to invest in initiatives that foster job creation, accelerate business growth, and reduce poverty.

By supporting businesses across a range of sectors—whether you are introducing a new product, expanding your customer base, increasing production capacity, or scaling your workforce—Globalhaven Capital aims to create long-term economic impact. This grant is about helping businesses grow, prosper, and provide valuable services that will uplift communities. Investing in these businesses will drive modernization, creating a ripple effect that benefits not only business owners but also their employees, local suppliers, and customers. For African economies, this translates into new job opportunities, reduced poverty, and a stronger foundation for future development.

Grant Opportunities

This challenge offers an incredible opportunity for businesses that are creating sustainable solutions, whether through job creation, expansion of product lines, or innovative services that improve the lives of local communities. The focus is on modernization, poverty alleviation, and driving economic growth, especially for underserved groups, including youth and women.

The Importance of the Performance Bond

A Performance Bond A Performance Bond is a vital component of this grant process. Successful applicants are required to provide a bond equal to 10% of the grant amount applied for, in the form of insurance with a reputable insurance company. This bond guarantees that the awarded funds will be used for their intended purpose and that applicants remain committed to fulfilling the objectives outlined in their proposals. It acts as a safeguard to ensure that projects are executed with accountability, adhering to the agreed-upon terms and conditions. The Performance Bond upholds the integrity of the grant process and assures both Globalhaven Capital Group and project partners that the investment will be securely managed.

Why this Grant is Crucial for Your Business and Africa’s Economy

By supporting businesses across a range of sectors—whether you are introducing a new product, expanding your customer base, increasing production capacity, or scaling your workforce—Globalhaven Capital aims to create long-term economic impact. This grant is about helping businesses grow, prosper, and provide valuable services that will uplift communities.

Investing in these businesses will drive modernization, creating a ripple effect that benefits not only business owners but also their employees, local suppliers, and customers. For African economies, this translates into new job opportunities, reduced poverty, and a stronger foundation for future development. By funding businesses with the potential for large-scale impact, we are contributing to a more prosperous and sustainable economy.

Who Should Apply

This grant is open to businesses of all sizes that are:

Eligibility Criteria

• Applicants must be legally registered in Africa and demonstrate the capacity to track and manage the project resources.
• The applicant business must demonstrate potential for sustainable growth.
• A Performance Bond of 10% is required as part of the application as insurance.
• The project should clearly outline job creation, financial sustainability, and community impact.

How to Apply

Submit your proposal via email or contact our office for more information.

Conclusion

We look forward to receiving your proposals and to partnering with you in creating a brighter, more prosperous future. Let’s work together to build a world where innovation, growth, and sustainability thrive.

Accelerate with Globalhaven Capital Group.