Vital Capital has launched a new debt facility providing loans to promising businesses in sub-Saharan Africa to help them get through the corona virus pandemic. The Vital Impact Relief Facility will dedicate US $10 million, offering firms immediate access to capital to weather the economic consequences of the virus while building a bridge to realizing their visions of becoming prosperous companies that can benefit millions of Africans.
Our Grindstone 2020 programme is now open for applications where we will select the top twenty innovative scaleups to provide them with knowledge, networks and funding readiness through growth measurement, gap analysis and deep interventions designed to build a foundation for growth. We transfer skills, create relevant business networks and enable these companies to take advantage of market access opportunities. We are running our programme for both Cape Town and Johannesburg cohorts this year, and will select the best ten applicants per city
We support innovators at all stages of development. Through grants, loans (including convertible debt), and equity investments ranging from $50,000 to $15 million, we back innovations with the potential for social impact at a large scale, whether they are new business models, policy practices, technologies, behavioural insights, or new ways of delivering products and services that benefit the poor in developing countries.
The Agri-Business/Small and Medium Enterprise Investment Scheme is an initiative to support the Federal Government's efforts and policy measures for the promotion of agricultural businesses and small/medium enterprises (SMEs) as vehicles for sustainable economic development and employment generation. Functional Training Areas for Entrepreneurship Development Centers Under AGSMEIS include: 1. Agriculture & Agro-allied processing 2. Art & Entertainment 3. Automobile Services 4. Fashion and Dressmaking 5. Catering & Event Management 6. Courier & Delivery Services 7. Creative Industry 8. Apparels and Textiles 9. I.C.T 10. Cottage Industry 11. Media 12. Publishing 13. Telecommunications 14. Hospitality 15. Health Services 16. Welding & Fabrication 17. Animal Husbandry 18. Cosmetics, Beauty and Makeup Artistry 19. Electrical and Electronics 20. POP and Tiling 21. Carpentry 22. Masonry
I&P has been supporting more than fifty SMEs, based in 15 African countries and operating in various sectors.I&P intervenes as a minority stakeholder. Through this association, we become a real partner to the company, and we participate to its governance, in close relationship with the management team. Our investment is established for a given period of time, after which we exit the company. We are managing several investment funds, which offer different investment deals.
Hortfin is a ring-fenced loan facility directed at the fruit industry value chain. It will provide innovative and comprehensive financing and support systems in a manner that promotes job creation, transformation and sustainability. Funding will be provided by Land Bank, Jobs Fund and the industries with the loan book being managed by the Land Bank. Participants in the broader fruit industry are expected to play an important role in identifying opportunities, forming joint ventures and generally providing support to the investee companies.
Aqua-Spark is a global investment fund based in Utrecht, the Netherlands that makes investments in sustainable aquaculture businesses that generate investment returns, while creating positive social and environmental impact. The fund invests in small to medium enterprises that are working towards the production of safe, accessible aquatic life, such as fish, shellfish and plants, in a way that does not harm the health of the planet.
Vital Capital Fund is a $350 million private equity fund that invests in opportunities which simultaneously enhance the quality of life of communities in rapidly developing nations, primarily in Sub-Saharan Africa, while also delivering attractive financial returns for investors.
The SSAS is a reimbursable cost-sharing government grant that can be applied to the agricultural sector, where financial support is given to businesses that are supporting the development of industry sectors and businesses contributing to the growth of SA’s exports.