Private sector opportunity for NORAD funding

The private sector in Malawi is encouraged to apply for an open call for applications for funding from Enterprise Development for Jobs, which is a funding scheme for private sector development, run by the Norwegian Agency for Development Cooperation (Norad).

 In a letter, NORAD said Malawi is one of nine prioritised countries in the project. The following five sectors will be given priority in this round:

  • Energy
  • Agriculture, including agro-processing
  • Fish and marine resources
  • Maritime sector
  • Information and Communications Technology

These are some of the key requirements for the applicants:

  • The applicant must cover at least 50% of the costs for the applied project with own funds.
  • The minimum grant size is NOK 500 000, approx. USD 60 000.
  • The applicant must document access to the necessary and sufficient financial resources to implement and follow up the investment.
  • Applicants without audited accounts for the last three years must otherwise demonstrate access to the required financial resources.
  • As a general rule, the applicant must have an annual turnover of at least NOK 10 million.

 

The full call text is available here: https://grants.mfa.no/#call/1181