Business Grants are perfect way to access funds as entrepreneurs and business owners to boost your startups. These Business Grants for African Entrepreneurs who are business owners, startups provide you with some amount of money to take your enterprise to another phase or growth level.
The Business grants and funding opportunities for African Entrepreneurs listed here are offered to individuals, firms/company, business or corporations to enable them cover scale up or develop their business, pay workers’ salaries, and run ads.
You can get business grants including SME grants as African entrepreneurs to promote your business without paying back, unlike loan that you do have to pay and possible pay with interest.
If you can stand the competition of most grants offered to African entrepreneurs with simple registration and some documentations, you are sure on the path to acquire business grants as an entrepreneur in Africa.
But the trending challenges faced by many individuals applying for SME grants are incomplete registration, grants are very competitive, inability to provide necessary documents. You are sure to face this because the grants are offered free. And sometimes startups don’t get selected by governments and organizations offering the business grants.
Do you know why? sometimes the ideas submitted was not strongly announced to the business grant providers or the business has no physical locations, returns and plans.
You will say nothing comes easy right? even yet many still get it rightly, and you too can get any of the business grants as entrepreneurs and startups.
What Is Business Grant?
A business grant is money awarded to business owners and entrepreneurs in need in order to help them start or grow their business- Startups. They’re usually provided by governments, corporations, foundations, or trusts. Unlike loans, grants don’t have to be paid back as the money is not being borrowed. Also, business grants for entrepreneurs does not have any interest attached. The grants are given to businesses with no expectation of return and business owners aren’t required to give up equity in exchange for a grant.
Why Apply for The Business Grants as Entrepreneur
There are a number of reasons you may need a business fund for your business located in Africa. Many entrepreneurs don’t get grant or have access to funds for some reasons, their application get rejected due to incomplete application, invalid documents, false information submitted. To successfully get the business grants for Africans with ease you need to submit complete application.
If you want to get the business grants for African entrepreneurs and startups from your country. Applying to these business funding opportunities for Africans will allow you gain one or more of the business grants to support your organization without much competition or rejection.
So, if you are in any of the African countries and own a business, you will be in want of a business grant offered to Africans to boost that business of yours as well as get equipment, expand business, pay staff. There is a reason why you need to apply for the grants, do make your choice of business grant that matches your business and start application process.
What Business Grant Providers Expect from You as African Entrepreneurs
If you are going to take that door to access business grants as an entrepreneur, you will need some guidelines and personal efforts to submit application for SME grants.
You do need to understand what business grant providers do seek for in Entrepreneurs especially those business owners and startups from African region.
- Have an existing business or convincing business idea
- Submit your business plan or ideas
- Submit Cost of starting the business if have an idea
- Business that will yield turn over in short duration or ideas that are realistic
- Provide business registration with CAC
- Financial records of business
- Record of staff salaries if business have been in existence
How to Get Grants for Your Small Business
If you are looking for how to get business grants for your startup and business, you can find grants for your small business as entrepreneurs and startups residing in Africa-check these best business grant providers and how to apply for the available business funding and grants.
What Business Grants Are Available to Start Business?
Finding a business grant to start your business does not just come by checking search engine. You will be able to find grants for your small business by visiting specific websites and organizations, such as these listed below.
Here Are List of Top 25 Best Business Grants for African Entrepreneurs and Startups 2021
These Business grants for African Entrepreneurs are offered to individuals, firms/company, business or corporations to start and/or scale up or pay workers’ salaries. Among the 25 Business Grants for African Entrepreneurs and Startups listed below you will find good funding opportunities for Africans. Click Any for complete overview information and application process.
1. SeedStars World
SeedStars World is one of the business grants offered to entrepreneurs from Africa. Seedstars Africa is an organization active offering SME grants in over 53 countries in the world, especially regions like Africa, Asia, Middle East and South America.
To access business grants from Seedstars, you will need to apply for the annually offered Business grant competition, a competitive grants for young business owners and emerging markets.
These business grants for entrepreneurs from Africa help to identify promising business owners, organizations and companies in the very need of capital.
Basically, support Entrepreneurs who have a business in any African country
To build and support online businesses in Africa.
To fund web and mobile tech startups in Africa.
2. Shared Interest
This business grants for Africans is lending support to basically young entrepreneurs in Africa. Shared Interest was established in 1990 with the aim of financing artisans, farmers and food producers in developing countries as lending society founded situated in England.
Shard Interest has a very large investment and satellite offices in major African countries like Ghana, Kenya, Costa Rica, Peru and some Eastern Africa countries. Having members investing about $1,000 from over 9,000 investors has help provide a shared capital to support entrepreneurs in Africa with grants.
To support Entrepreneurs in Africa from developing countries.
Provided SME grants to make finance available to business owners such as food producers, farmers, artisans.
3. Tony Elumelu Foundation Entrepreneurship Program
The Tony Elumelu Entrepreneurship Grant is offered by the Tony Elumelu Foundation (TEF) to provide 10,000 aspiring African Entrepreneurs an opportunity to benefit from $100 million grant to create 1,000,000 jobs and contribute $10 billion in annual revenues to Africa’s economy over the next 10 years
The Tony Elumelu Foundation Entrepreneurship grants Programme (TEEP), a Pan-African entrepreneurship initiative of the Tony Elumelu Foundation founded by a Nigerian billionaire investor is a multi-year programme of training, funding, and mentoring, designed to empower the next generation of African entrepreneurs.
Provide finance to aspiring African entrepreneurs
Offer $100 million grant to create 1,000,000 jobs and contribute $10 billion in annual revenues to Africa’s economy.
African entrepreneurs who are business owners or startups with achievable innovative ideas.
4. Tshikululu Social Investments
Tshikululu Social Investments provides wide range of social investment and business grants to Entreneurs residing in Africa. The provider is a South African Corporate Social Investment (CSI) manager responsible for dispensing SME Grants to Africans.
Tshikululu Social Investments over the years is managing CSI funds of different organizations like Rand Merchant Bank Fund, De Beers Fund, and many others.
To support entrepreneurs in Africa with SME grants
Provide Business grants to wide range of business owners, companies ranging from community support and growth, arts and culture, health’s, medical assistance, health care etc.
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5. Lundin Foundation
The Lundin Foundation is one organization offering business grants. established by the Swedish family by name Lundin in the year 2005 to offer Entrepreneurs in African countries business grants.
Lundin Foundation has it’s headquarters situated in Canada, but operate branches in these African countries- Ghana and Kenya.
Several business owners and entrepreneurs across Africa has received this business grants offered by Lundin Foundation.
Provide financial support to already established business, organizations around the world
Provide business grants, risk capital and mentorship to business owners, companies across Africa.
6. Root Capital
The Root Capital offer Business grants to empower entrepreneurs, businesses in Africa. Root Capital is a non-profit investment fund established in 1991 to positively provide funds and impact businesses, families in rural communities and bridge social interaction with business owners.
Over 450 businesses have receive grants worth $million dollars within the years of business grants offered. However, the policies has it a 100% payback for the Root Capital investors.
Bridge business grant gap and promote rural development with business capital
Provide business training and sourcing funds options to strengthen small and medium sized businesses.
Connect to agricultural business and deliver financial training including funds to strengthen and grow businesses in Africa.
7. Anzisha Prize
The African Leadership Academy’s Anzisha Prize provide young innovative African entrepreneurs with business grants if you are a founder of an established business venture.
Not only will you get business grants but leadership and entrepreneurial training for young Africans between age of 15 to 22 years.
This is a perfect business grants for young innovative entrepreneurs in Africa be it any venture, business, and project.
To provide business grants to young innovative African entrepreneurs
Business mentorship for business owners of age 15 to 22 years.
8. Schwab Foundation
In order to advance social entrepreneurs in across the globe, Schwab Foundation continually seek for business owners who are social entrepreneurs in different areas such as agribusiness, tech, health, education.
The Schwab Foundation was established in 1998 as a social entrepreneurship firm situated in Geneva, Switzerland to provide business grants across Africa region with rigorous selection stages which upon selection you will receive the business grant.
Provide grants to social entrepreneurs in areas such as education, agribusiness, health, technology e.t.c
Basically, fund social entrepreneurs after intensive screening with the business grants.
9. MEST Africa Challenge
Are you a young tech entrepreneur emerging in the tech industries? MEST Africa Challenge offers annual Africa wide-pitch competition with business fund of $50,000 in equity investment for startups.
MEST Africa Challenge is a great business grants for entrepreneurs who are in tech business based in any of the country-Côte d’Ivoire, Ethiopia, Ghana, Kenya, Nigeria, Rwanda, Sénégal, South Africa and Tanzania. The challenge is a unique search for African tech entrepreneurs and focus on giving them coaching, business capital, wide networking with other entrepreneurs, startup.
To support African entrepreneurs with business investment capital.
Provide business grants to young emerging technology entrepreneurs in Africa.
10. Savannah Fund
The Savannah fund is also another fantastic option, as it provides startups, business grants to African entrepreneurs. Savanah fund have over time generated a revenue more than $8million as it focuses on nursery stage high growing technology entrepreneurs and startups in Africa.
Since it has been assisting entrepreneurs with business grants. It has records of support to African entrepreneurs from Kenya, Nigeria, Ghana, South Africa and other neighborhood countries.
To strongly bridge the business funding gap between ventures capital investments and early startups and entrepreneurs in Africa.
11. She Leads Africa Accelerator Grants
This business grants is offered annually to female entrepreneurs between the age of 18-35 and have already business that need funding in Nigeria.
The She Leads Africa Accelerator prize will raise your profile, have access to Nigeria funding, best business minds in the country and an opportunity for investment in your business.
The program duration is 6 months with a N2Million in investment capital to entrepreneurs who are females.
To provide investment capital of N2million
To give female entrepreneurs between age of 18 to 35 with existing business based in Nigeria, business fund, media coverage to boost profile.
12. Miss Africa Seed Grants for African Women in Tech Businesses
A US$5 000 business grant as prize for winner while $1 000 grand prize for finalists. Miss Africa Seed funding supports tech business owned by African entrepreneurs who are women/girls.
The Business grants for African entrepreneurs is an initiative organized by DCA Academy offering funding as support to females in science related fields.
If you are current resident of any African country with demonstrated leadership potential as company representative or social enterprise situated in Africa. Then consider these grants as it’s support STEM fields and related subjects.
To provide grants to support women and girls who demonstrate leadership qualities.
Females in STEM fields and related subjects with US$5 000 business grant as prize for winner while $1 000 grand prize for finalists.
13. YALI Regional Leadership
The Young African Leadership Initiative (YALI) was launched to support African entrepreneurs and invest in the future generation businesses in Africa.
Basically, civil leaders, entrepreneurs, and business owners receive grants including other benefits such as leadership training, creativity and innovation, effective communication as entrepreneur.
To provide business grants
Support African entrepreneurs between age 18 to 35 years
14. Ashden International Awards for Entrepreneurs in Developing Countries
Ashden International Awards for Entrepreneurs is one of the world’s biggest green energy business awards which provide innovative entreprises with the contribution of creating sustainable energy systems.
The entrepreneurship grants is open to non-government organizations, social entreprises helping to build a low carbon society now for the future generations.
Business and social entreprises do receive $20, 000 and have to be based on United Nations list of eligible countries. African countries are on the list of eligible countries so this give you a one privilege to consider this grant.
15. African Entrepreneurship Award
The business grants is provided by BMCE bank of African with a focus to provide a platform for mentorship. SME grants to entrepreneurs in Africa for smart business ideas.
African Entrepreneurship awards is another funding grants offered to African Entrepreneurs whose business are applicable to the African environment with social impact.
You can consider this business grant for Africans if you are a citizen of any African country and of age 18 years and above whose business fall into the categories of innovation & sports entrepreneurship, and sports entrepreneurship.
You can choose this business grant as it offers $1million to selected African entrepreneurs.
16. GroFin Grants
Small and medium sized business in Africa that are into manufacturing, agribusiness, education, healthcare and basic key services such as energy, water, sanitation do receive business grants and supports such as financial loans.
GroFin Grants is a private financial institution with the aim of providing business and enterprises in Africa with medium term financial support. Ever since it was launched in 2004, it has provide business support to over 700 small and medium enterprise and helping to sustain jobs in some countries in Sub Saharan African and MENA regions.
To provide financial support to business and enterprises in Africa
Offer financial loans to medium sized business in manufacturing, agribusiness, education, and healthcare.
17. African Women Development Fund
The business grants is provided to support organizations that are women led or tackling issues of female rights, security, and justice.
African Women development funding is a pan African female grants that support any organization that strives to support women right and participation for peace.
The business must have been in existence up to 3 years, registered and located in African country, led by a woman and have structured organization board for effective project implementation.
Provide funds to business/organization registered and situated in an African country
Offers fund to business/enterprise that are led by women and tackling women rights, security and justice in their country/region.
18. Unilever Young Entrepreneurs Award
This business grants support innovative entrepreneurs tackling some world challenges, specifically the globe sustainability goals.
Unilever young entrepreneurs award can be the perfect grant for you if you a a social entrepreneur with impact and need supports as funds to scale your business, enterprises to a next level.
This business grants for African entrepreneurs have fund lots of businesses and reached a large number of young entrepreneurs through funding and support.
To provide business grants to innovative young entrepreneurs
To support social entrepreneurs with funds to scale business tacking world sustainability challenges.
19.Innovation Prize for Africa
Innovative prize is one of the grants for African entrepreneurs. The business grants is aimed to encourage an innovation driven solutions to the challenges in Africa.
Have an idea or solution to a critical challenge affecting Africa countries. Innovation prize for Africa is a platform to help you amplify your voice and innovative solution to the challenges faced.
So, you need a funding, then apply for innovative prize for Africa, if you have a business idea or solution that is impactful to Africa.
The award support an innovation driven ideas and business that solve challenges in Africa.
20. African Women Innovation and Entrepreneurship (AWIE)
This program seeks to provide business grants to accelerate entrepreneurship that are female led organization. AWIE is among the entrepreneurship grant platforms that support and provide funding to innovative, creative female entrepreneurs across the African region.
Each year AWIE recognizes and support females in private non-profit businesses in Africa doing tremendous change and impacting the economic growth of Africa.
To support women led organizations registered in any African country.
Award nominated female entrepreneurs in some award categories.
This community is an exception as it tries to provide startup funding for African Entrepreneurs. However, VC4Africa is an online community which started as a LinkedIn group in the year 2008 and has grown to be one of the largest community with members in 159 countries.
Also, the platform is targeted at equipping Entrepreneurs as they expose you to opportunities and link you to investors through free online tools and mentorship opportunities.
To build game-changing companies in Africa by linking investors to small businesses regardless of the industry.
22. Guzakuza Agribusiness Fund
GUZAKUZA is growing generation of Agripreneurs. They are touching lives by growing women Agripreneurs, growing new generation of graduate and wealthy farmers and growing healthy organic foods.
They are offering the following programs- Ignite, SheFarms, and Dopal for entrepreneurs
Ignite is an Agribusiness programme designed to spark creation of jobs and wealth in young women through Agripreneurship. Ignite nurtures and turns ground-breaking ideas into profitable and sustainable Agribusinesses.
Are you a SheFarmer,? 20+ year old female, with or without farming experience. Ready to commit 6 months full time (40+ hrs a week). Burning desire to grow/ build a farming career. Ghanaian or resident in Ghana.
We train other women farmers on these sustainable farming practices in order to produce high yielding, healthy and safe consumable crops, and also add value to what they produce.
23. African Development Foundation
The African Development Foundation (ADF) is an independent Federal agency of the United States government that was established to support African-led development that grows community enterprises by providing seed capital and
USADF connects community enterprises with capital and technical support. It helps organizations and businesses in Africa to create and sustain jobs, improve income levels, achieve greater food security, and address human
development needs. In 2014 alone, the USADF gave out 336 grants worth over $50 million and impacted over 1.3 million people in Africa.
The USADF focuses on Small holder Farmers, youths, women and girls, and recovering communities. It provides grants of up to $250,000 directly to hard to reach and underserved community enterprises that are ready to do their
24. Acumen Business Fund
The Acumen Fund invests in entrepreneurs who have the capability to bring sustainable solutions to big problems. Incorporated in 2001, Acumen is a charity organization with seed capital from the Rockefeller Foundation, Cisco Systems Foundation and three individual philanthropists.
In May 2014, The Acumen Fund co-invested $1.5 million in Esoko Networks Limited (“Esoko”), a Ghanaian-built technology platform that connects African farmers to markets via mobile phones. In October 2014, Acumen announced a $1.4 million investment in Solar Now, a company that sells and finances solar home systems in Uganda.
25. Africa Enterprise Challenge Fund
The Africa Enterprise Challenge Fund is a US$ 207m fund capitalized by multilateral and bilateral donors (the AECF donors) to stimulate private sector entrepreneurs in Africa. The AECF is supported by the governments of Australia, Denmark, Netherlands, Sweden and the United Kingdom, as well as the International Fund for Agricultural Development (IFAD).
The Fund awards grants and repayable grants to private sector companies to support innovative business ideas in agriculture, agribusiness, renewable energy, adaptation to climate change and access to information and financial
The AECF makes its funding available through competitions. Private sector companies are invited to compete for AECF funds by submitting their new and innovative business ideas to a particular AECF competition. The best ideas are awarded up to US$1.5m in grants and interest free loans.
Business Funding Opportunities for Young African Entrepreneurs
Among the numerous business grants funding available, these are the leading business grants for any young African entrepreneurs.
Grofin Grants And Funding
GroFin Fund is among the funding opportunities for African entrepreneurs and was launched in 2015. It operates in nine African countries and has being a business grants that committed $500 million to fund small and medium businesses (MSMEs) across African countries including Nigeria.
Grofin entrepreneurship funding operates through these five platforms: Aspire Small Business Fund, Growth Africa Fund, Aspire Growth Fund, Small Growing Business Fund, and Aspire Nigeria Fund.
The Aspire Small Business Fund provides a minimum of $100,000 and a maximum of $1.5 million to support various businesses in Africa. These business funding opportunity delivers funds mostly for a maximum duration of six years.
Tony Elumelu Foundation Entrepreneurship Grants
It provides an annual SME grant aimed at empowering 10,000 African Entrepreneurs with $100 million yearly.
The Tony Elumelu Foundation Entrepreneurship Grant program was founded by Mr. Tony Elumelu, a Philanthropist and Entrepreneur from Nigeria. It provides an annual SME grant aimed at empowering 10,000 African Entrepreneurs with $100 million yearly.
Aside business funding and grants, this entrepreneurship program is designed to also mentor and train Entrepreneurs across the 54 African countries of the Continent. To create 1 million new jobs and generate a revenue of $10 billion yearly to Africa’s economy through the selected young businesses.
Target Audience And Condition
All applicants must be legal residents of one of the 54 African Countries.
All businesses must be in existence for at least three years.
Africa’s Young Entrepreneurs (A.Y.E)
Africa’s Young Entrepreneurs (A.Y.E) is designed to empower young African entrepreneurs. It is a non-profit organization that helps facilitate intra trade among African entrepreneurs in 19 countries. There are no winners in A.Y.E but different businesses walk away with varying degrees of funds and empowerments.
Mest African Challenge
The MEST Africa Challenge is the first Pan-African pitch competition hosted by MEST, which gives applicants the opportunity to vie for a trip to Cape Town to pitch at the finals during the MEST Africa Summit and a chance at up to $50k in equity investment.
The Summit and funding opportunity for African entrepreneurs will bring together leading global investors, entrepreneurs and executives in African tech to discuss trends impacting the continent.
How You Can Qualify for Most Business Grants & Opportunities For Africans
Some grant opportunities for Africans supports and encourages startups with new ideas, others provide assistance to entrepreneurs who have business already existing and need fund for running cost.
Your business or organization must have proven records of existence, business name registrations, company registration, business account details as many grant providers want banks account registered in your business name.
Business must be in the categories of business-agriculture, manufacturing, technology, education etc. The business grant for an entrepreneur support those located in Africa, countries in Africa region -East, West, North or South or a specified countries in Africa. Do check out for other information that must be provided, details such as total employed staffs, revenue and turn over of the company.
Few grants want to support business owed by females, where female is the head of the organization. Do explore all the available opportunities offering grants to Africans and provide necessary and needed documents to qualify.
In recap on how you can qualify for business grants including SME grants for entrepreneurs and opportunities for Africans, do adhere to the criteria, rules if you want to avoid disqualification or rejection of application.
The eligibility criteria are provided to assist and sieve millions and thousands of applicants, especially those that failed to comply with the eligibility criteria, also do endure you avoid automatic disqualification by completing your application and submit before the set deadline/closing date.
How You Can Know the Type of Business Grant or Opportunity Offered
Before you start applying for any opportunities and business grants, what are type of grant exist? Before you start applying for any opportunity, do a check or background finding on the type of business grant that is offered.
The opportunities provided by the foundations, organization and government ranges, knowing the type of opportunity and the requirements get your closer in making your application process easy. Also, you have chances of standing out in the grant application.
What Are the Types of Business Grants?
So how do you know the type of business grant offered to Entrepreneurs in Africa? It’s great you know the available opportunities and SME grants for African that exist. There are four main type of business grant as funding offered to entrepreneurs in Africa and many funding options focus on existing business, new ideas/startups. Here are the categories of grants offered.
Competitive or Discretionary Funding
Most of these grants are offered to entrepreneurs and startups works on selection based on the team of judges/board evaluation or review. Funding are given as result of merit of application i.e the best application is a winner and receives grant.
Examples are Federal government programs for farmers, traders, artisans and craft men e.t.c. Where the recipient are not pre-determined and funds are given for certain kinds of business innovations and ideas. So before applying for one fully ensure you understand and meet the eligibility/requirements.
This opportunity or grant and funding program basically focus on renewing as a recipient having an offer. It gives current grants awardee the opportunity of renewing the grants for the next duration period or years. If you are interested in such business grants and funding option, you should get ready to enter into partnership with the current awardee who is receiving the business grant.
Most times business entity who are already beneficiaries of the business grant receives recognition and trust for their business and receives the recommendation to be re-awarded the business grant.
Non-Competitive or Formula Funding
Non-competitive funding for entrepreneurs is offered to eligible business owners, all applicants who meet the minimum eligibility requirement of the application process are shortlisted to receive the money as award.
So, you can now say that formula grants are given to pre-determined recipients. In many cases grants are distributed by government, organizations that are sponsors and distributed from sponsors or organizers. The organizers can then determine the process to be used.
In other cases the host and sponsors determine the final qualified entrepreneurs for the business grants after the organizers have pre-qualified applicants.
These type of fund for business owners and starters are provided by Federal government to the States/Provinces for further distribution. It also can be given by donors, sponsors who are organizations and foundations to organizers for distribution to entrepreneurs. They give business grants to the entrepreneurs through formula allocations or open competitions.
Successful applicants can use the business grant (money) to facilitate and implement set strategies, activities and plans to either start or grow their business located in Africa.
If you are searching for some good grants for entrepreneurs in Africa or planning to apply for some opportunities for Africans, understanding and using this detailed guide on business grants, types of grants, eligibility requirements will assist you on which business grant you should channel you energy to apply. Make a wise choice and apply to as many to aid and boost your chances of receiving a grant. You can’t tell which will be your jackpot.
Which Business Grant for Entrepreneurs Are the Easiest to Get?
There are business grants for you who is an entrepreneur/startup to start a business, grow/development your organization to cover some challenges with fund or cover incurred loans.
Many or all of the business grants for entrepreneurs from African region mentioned here are from organizations, foundations who have been offering funds/grants support to business owners over the years.
So do ensure to apply for Business grants, SME grants for entrepreneurs especially those from African countries. Whoever said getting free money for business is not true or difficult to get, didn’t take recognition of some grants which are still ongoing and available for Africans who want to start business or already own one. Compare to before, there are more business grants offered by foundations, government and non-government organization in this later times and period and are available to support you in your business as an entrepreneur.
How Can African Entrepreneurs Scale Up Their Chances of Success For Business Grants?
As an African entrepreneur with business in African, you must understand what is expected of your business to have a positive result when you apply for business grants and any funding opportunities for young entrepreneurs in Africa. The following are what to expect in order to scale up/increase your chances of success when applying for grants.
-Business owner and young entrepreneurs should have an existing business or an innovative and convincing business idea.
-Entrepreneurs and startups must submit their business plan or ideas
-Entrepreneurs with SMEs must submit the cost of starting the business
-Must have a business that will yield turn over in a short period as well as realistic ideas
-Must provide business name registration and if available company registration with CAC.
-Provide financial records of the business including record of staff salaries if the business has been existing.
As entrepreneurs and startup, you can get business grants and funding to support and scale up your enterprises if your business is registered and located in any Africa country. The above business grants for African entrepreneurs are the top grants available to entrepreneurs in African region.
Take advantage of this wide range of business grants and apply for the latest ongoing and opened business grants.
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