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ARCHIPELAGO: 2nd Call for Proposals is now open!

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ARCHIPELAGO is a 4-year European programme, funded by the European Union in the framework of the EU Emergency Trust Fund (EUTF) for Africa. Its main objectives are to improve the employability of young people through targeted technical and vocational education and training (TVET) measures. It also aims to support the growth of micro, small and medium-sized enterprises (MSMEs).

The programme supports partnership projects in 12 countries in the Sahel and Lake Chad region: Burkina FasoCameroonChadGambiaGhanaGuineaIvory CoastMaliMauritaniaNigerNigeria and Senegal.

Following the first call for proposals (which was launched in April 2019), a second call for proposals has been launched with the aim of supporting partnership projects to be implemented in the 12 target countries.

Each selected project will receive a grant of between €400,000 and €500,000. Each grant may cover 100% of the total eligible costs of the project.

In order to be considered eligible, each project proposal must be submitted by a consortium consisting of at least two partners – including an organisation based in one of the above-listed African countries and another organisation based in a Member State of the European Union. 

Applications may be submitted by business support organisations (such as chambers and business associations), training centres and/or other entities which specialize in activities related to vocational training and/or business development services.

How to Send Application

Just go to WETRANSFER.COM

Click on the + sign and add the files you want to send.

Type in the ARCHIPELAGO submission email address: submission@archipelago-eutf.eu

Now type in your own email address.

Please give reference number of the call and, if you want, write a short message.

Then simply hit the transfer button and you’re done. It’s simple, secure and free of charge.

Applications must be submitted before 11:00 p.m. (Brussels time) on 6 February 2020.
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5 Reasons To Invest in Money Market Fund While Young

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At several points in a young individual’s life there can be times you have money you don’t know what to do with. In many situations, the money ends up spent rather than invested. Rather than go on a spending spree anytime you have with “free cash”, it would be wiser to look at easy ways to get guaranteed returns on investing the money.  One way of investing is money market fund.
 
 
In Nigeria, a typical money market fund gives an individual exposure to several highly liquid, low-risk investment. Examples include treasury bills, bonds, commercial papers,repurchase agreements and Certificate of Deposits.
 
Here are 5 reasons to invest in Money Market Funds:
 
  • You run very little risk of losing your money in securities like bonds and treasury bills. As they are issued by the Federal Government, your money is safe
  • Your investment is very liquid. This means you can convert it to cash on short notice with any accrued profits for that period. For certificates of deposit, you can cash out anytime you need to, however, you may incur penalties
  • The investment return arrangement of money market funds makes for an attractive investment. The earn rate of money market fund is higher than inflation rate by design and is better than a savings account
  • Investments in money market fund is possible with little amounts of money. Minimum investment amount varies per mutual fund manager chosen
  • Investing in money market fund is an easy and convenient way to start to learn about investments and financial literacy
 
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Africa-UK: Female Tech Founders 2020 Applications(Funding available)

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Applications are open for fast rising female entrepreneurs based in Nigeria, Kenya or South Africa. Launched by the International Tech Hub Network, the Africa-UK: Female Tech Founders 2020 is a programme for female entrepreneurs using tech to solve a local development challenge.

The programme will bring 15 of the continent’s most ambitious development-focused women entrepreneurs to the UK in January. 

Programme details:

Across a three day tailored programme (20 – 22 January), participants will benefit from masterclasses, events and workshops designed to provide in-depth training on how to scale and grow their business, expand into the UK, and how best to position their purpose-driven organisations. Participants will discover the UK’s thriving tech ecosystem, exploring new opportunities for global partnerships and increased investment through peer-to-peer networking.

The agenda will include: 

  • Training session led by successful female tech leaders sharing their funding journey
  • Masterclass event covering: protecting IP and raising offshore funding; accessing finance; scaling a purpose driven social impact business; protecting customers’ data
  • Roundtable with GEP alumni addressing scaling successfully in the UK
  • Tailored mentoring event with UK startups, including female founders
  • Innovation tour of co-working spaces, including Google Campus
  • Networking dinner with UK and African entrepreneurs

Activities will be delivered by UK tech experts and the Department for International Trade’s Global Entrepreneur Programme (GEP) Dealmakers and alumni, including prominent female tech leaders. 

The programme will be delivered alongside the Africa Investment Summit, taking place in London on 20 January. Winners are expected to be able to attend the Summit.

Five founders from each country will be selected to join the delegation to the UK in January 2020. 

Application deadline is 21 November 5pm (GMT).

Apply

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