Washington, DC — The U.S. Agency for International Development (USAID) and The U.S. African Development Foundation (USADF) are pleased to announce plans to award a total of $400,000 in grant funding, with support from Citi Foundation, to 42 young African social entrepreneurs who are developing businesses to drive social and community change in 22 sub-Saharan African countries.
By pairing seed capital with technical assistance, USAID, USADF, and Citi Foundation provide young entrepreneurs with the tools needed to invest in their own communities.
The goal of the public-private partnership is to increase the commercial know-how and access to seed capital of Africa's next generation of business leaders and social entrepreneurs.
USADF's goal is to catalyze young African ingenuity through entrepreneurship and support entrepreneurs to expand their social enterprises.
Since 2014, USADF has awarded over $5 million to more than 250 young leaders in over 30 countries.
