DEADLINE : 28th FEBRUARY, 2021
USADF is an independent U.S. Government agency established by the U.S. Congress to support and invest in African-owned and African-led enterprises that improve the lives and livelihoods of people in underserved communities in Africa.
USADF and All On are excited to request proposals for the USADF-all On Off-Grid Energy Challenge. Proposals are invited from eligible Nigerian off-grid energy companies. Selected enterprises will receive funding in the form of convertible debt and grant capital.
To be considered for the Challenge, applicants must be 100% African-owned, majority Nigerian-owned and -managed private companies registered in Nigeria and must be operating in Nigeria.
ELIGIBILITY
- USADF and All On will consider proposals from 100% African-owned and majority Nigerian-owned and Nigerian-managed companies.
- Passports or other government-issued IDs of all owners and senior managers must be submitted with the applications. If the applying company is owned wholly or in part by another company,
- passports or other government-issues IDs of its owners must also be provided. The applying companies must be for-profit enterprises and must not be government-owned or operated in any way.
- Applicants may be developers of their own technology and/or may be acquiring and implementing technology developed elsewhere.
- Applicants need to be legally registered in Nigeria and demonstrate the capacity to track and manage the project resources and operate in good standing with the local governments in which they operate.
Winning proposals must:
- Further develop, scale up or extend use of proven technologies for off–grid energy in Nigeria.
- Benefit marginalized, or low-income rural or urban populations currently underserved by utility
companies, ideally with a focus on benefits to women and girls and communities in the Niger Delta. - Demonstrate financial sustainability or the potential for financial sustainability. The proposed
investment period must include approximately three months of generation of electricity (or generation
of energy) and revenue/cash flow from sales. - Demonstrate a proven track record of experience or have project sponsors or partners with a proven
track record of related experience. - Propose a budget of no more than US$100,000. Proposals with budgets greater than US$100,000 must
bring leveraged resources from one or more other sources that meet the total financing requirements.
Leveraged funds from other private sector and donor sources are encouraged. - Demonstrate clearly whether and how many new connections will be added, as well as potential for
future replication. A “new connection” is defined as new mini-grid connection or home system installed. - Applications for projects/ businesses leveraging wind, hydro, biomass, and gas as the energy source are
greatly encouraged. - Women-owned or -managed business is a plus.
Applications will only be considered if:
- They are 100% African-owned and passports or other government-issued IDs showing citizenship are submitted;
- All shareholders, members of the board and senior management must be citizens of a sub Saharan African country and a majority must reside in Nigeria;
- They are majority Nigerian-owned and -managed (senior managers);
- They express clearly how they will benefit marginalized, grassroots people in Nigeria, including also
- ideally showing demonstrable positive impacts for female beneficiaries and people living in the Niger Delta;
- They express clearly how they will achieve profitability;
- They are fully and legally registered in Nigeria and the registration is submitted;
- They document adequate expertise in the field they are proposing or document how they will acquire the necessary expertise;
- They plainly document how they will we use the USADF/All On investment funds to carry out their concept.
BENEFITS
Winning applicants will receive:
- An investment in the form of a convertible loan at an affordable interest rate and/or an equity
investment - Seed capital from All On in the form of grants, and from USADF in the form of Community Reinvestment
Grant (CRG) funds. The CRG intends for grant recipients to recommit a percentage of grant funding to
a local organization to further support community-level projects in Nigeria - Access to intensive local technical assistance and governance support
For more information, visit the official webpage of United States African Development Foundation
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