Technical Assistance

The Technical Assistance component is a grant program delivered through the enterprise development network, a strategic alliance between  the U.S. government and the private sector.

The program is designed for technical improvement of businesses in Africa and is for any private enterprise, i.e. private schools, hospitals, microfinance banks, mechanic shops, oil and gas vendors and many more small & medium businesses. It makes money available to absorb 50% of the cost of technical improvement projects.

“Technical Improvement”, as defined by this this grant program, includes any of the following:
1. Expansion of market or customer base,
2. Expansion of business capabilities,
3. Addition or improvement of property, plant and/or equipment,
4. Expansion of product or service line,
5. Improvement of operating efficiency,
6. Implementation of better accounting practices,
7. Increase of financial management capabilities,
8. Improvement of ability to develop financial forecasts,
9. Improvement of accounting practices,
10. Company audit,
11. Feasibility study,
12. Market analysis,
13. Enhancement of existing operations,
14. Acquisition of computer hardware and/or software,

Growth Finance

Growth finance is also made available to African enterprises through ending facilities provided by esignated Lenders. This is made possible by  Political Risk Insurance (PRI) facilities provided the US government, by which it guarantees 90% of lending to emerging markets. Funding range is between US$100,000 and US$250 million.

To qualify for the technical assistance grant program or financing the enterprise must be a legal entity in an approved country and meet the following basic requirements:

1. The entity must be a “For profit” organization
2. Must have been registered for not less than two years
3. Must not be owing any taxes to the African government
4. Must use one of the prequalified organizations from the USA, which “Ladlas Prince” is one of the pre-qualified "Originators"

More Info

For more information and to apply for technical assistance or growth finance, subscribe to the  SME Development Newsletter below. You will receive the Fact Sheet with complete information on how to proceed with your application.

SME Development Newsletter Subscription

NOTE: Please add This e-mail address is being protected from spambots. You need JavaScript enabled to view it to your address book to avoid losing our mails to your mail server's spam filters.