Updated Sep 10, 2020CLOSED

HEVA Officially Opens Applications for the East Africa Creative Business Fund

Offered by l’Agence Française de Développement and European Commission

HEVA is launching the East Africa Creative Business Fund to invest in creative businesses in the five East African countries: Kenya, Uganda, Rwanda, Tanzania, and Ethiopia. This facility is designed to provide financing for businesses to: restructure interrupted supply chains; increase production capacity; diversify offerings; increase market share; increase integration in local and regional value-chains; support the transition to low-touch and digital capabilities, and take advantage of new opportunities.

Business support remains a key component of our fund strategy. As such, East Africa Creative Business Fund beneficiaries will also be the recipients of ongoing strategic engagements to synergise with their direct cash-flow investment. This will include: relevant financial modelling, legal, tax, human resource, accounting, and cash flow management support, as well as access to training and international platforms for market access.


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LoanType
CLOSEDOct 19, 2020Deadline
$20,000 - $50,000Amount
48 monthsDuration(Months)

Mandatory Requirements

Implemented In:
RegionN/A
CountryEthiopia, Rwanda, Kenya, Uganda and Tanzania
Focus AreasEntrepreneurship (Economic Growth and Trade)

Key requirements for each application are:

  • 1. Your business must be registered and operational in one of the listed countries: Kenya, Uganda, Rwanda, Tanzania, and Ethiopia. At least 51% of company shareholders must be citizens in any of these countries.
  • 2. Your business must be able to demonstrate a resident team (permanent or part-time). The business must have a minimum of one (1) permanent employee.
  • 3. You must have valid financial statements or audited accounts for a minimum of one (1) year.
  • 4. Your business must demonstrate that it has been operating for at least two (2) years.
  • 5. Your enterprise must be in any of the following creative economy value chains:


Application Directions

Applications can be submitted directly online.
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