Two institutions backed by the US government, the US African Development Foundation (USADF) and the US International Development Finance Corporation (DFC), recently announced the launch of African Small Business Catalyst (ASBC), “a business accelerator for early growth-stage small and medium-sized enterprises (SMEs) in sub-Saharan Africa.” Through April 15, 2022, SMEs in Cote d’Ivoire, Nigeria, Senegal and Uganda may apply for loans ranging from USD 100,000 to USD 1 million paired with technical assistance and grants up to USD 100,000. In future years, ASBC expects to expand to serve other countries in Africa. The program’s
