UN Capital Development Fund (UNCDF) has launched a new Expression of Interest (EoI) to select prospects and build a pipeline of potential investments under its digital strategy: https://www.uncdf.org/article/7678/eoi-building-inclusive-digital-economies-ghana.
UNCDF’s capital mandate allows it to play a distinct role in the UN Development System (UNDS) and to work as a hybrid development and finance institution. Unique in the UNDS, UNCDF can issue grants (as in previous RfAs issued earlier this year) but also loans and guarantees directly to the private sector or any level of government. In line with our work in Ghana in supporting the private sector to ensure digital inclusion, this EoI aims at identifying private sector’s players that drive high impacts on vulnerable groups. UNCDF investment opportunities include:
Concessional lending and guarantees from the BRIDGE facility, on UNCDF’s own balance sheet – debt and guarantee investments in the range between $100,000 and $1,000,000, available in local currency. Debt is offered on concessional terms including interest rate, tenor and collateral requirements.
Semi-commercial lending and equity investments, through the BUILD fund – debt and equity investments of between $250,000 to $2,500,000, available in local currency.
You will find more information online, e.g. targeted sectors, application forms and data required. Please note that as EoI, the application form will not take long. While this call does not guarantee to offer funding, UNCDF Ghana encourages your organization to apply and/or share with your network of innovative SMEs that are in need of funding. The deadline for the first batch of applications is June 10, 2022. Other opportunities may arise later in the year. An info session is planned for May 18 , at 3pm GMT+0 – you can register here.
A dedicated line for Q&A is here: email@example.com .
Thank you in advance for your attention and look forward to bringing capital to Ghana to unleash its digital potential.