Call for Proposals for the Provision of Financial Services to MSMEs under GreenTech4CE in Zambia

The €250,000 Green Recycling Enterprises Engaging in New Technology for a Circular Economy (GREENTech4CE) in Zambia is inviting eligible Financial Service Providers (FSPs) to submit applications for this request for proposals (RFPs) to provide tailor made financial services and products to startups, micro, and small enterprises under the GREENTech4CE Project.

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The GREENTech4CE project implemented by Self Help Africa and its Implementing Partners (Tandem Circular, Imani Development and Prospero Limited) and funded by the European Union is dedicated to fostering sustainable and inclusive economic growth in Zambia. The project promotes sustainable practices by supporting the development of start-ups and MSMEs within the green, circular economy, and digital (GCD) sectors, or those seeking to transition to GCD business models. Through comprehensive technical and financial support, GREENTech4CE drives innovation, creates employment opportunities, and facilitates economic diversification.

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The project is targeting the “missing middle” which are businesses that are considered too risky because they are in new or innovation led sectors, and growth stage businesses not too mature for commercial financing and other investments. The key approach of the GREENTech4CE project is to support the growth and success of startups, micro and small and medium businesses by providing quality business development support, expert advice and funding. The project involves collaboration with various stakeholders, including the government, businesses, and consumers, to foster sustainable and positive changes in the green economy.

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The GREENTech4CE project supports the implementation of the recently launched Zambia’s Green Growth Strategy to generate economic growth that is also socially inclusive and environmentally sustainable. It supports the Eighth National Development Plan (8th NDP) objectives to achieve economic diversification, increase local value addition, create new and decent jobs.

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Funding Information
  • In the context of the project, indicative total financial allocation under this call for proposals is EUR783,150. The call targets established financial service providers prescribed as; Microfinance institutions, Financial Technologyfirms, Venture capital firms and Impact investors providing financial products or services looking to support increased access to finance and tailor-made products for start-ups and MSMEs within the green circular and digital economy in Lusaka, Copperbelt and Northwestern provinces.
    • – Grants will range from EUR50,000 to EUR250,000.

Eligibility:

  • Financial service providers refer to regulated financial institutions that are licensed and supervised by the Bank of Zambia or the Securities and Exchange Commission. Targeted Financial institutions will include Venture Capitalists, Impact Investors, Private Equity Firms, Microfinance Institutions and FinTech’s. These will be firms that have intentionally developed or are in the process of developing strategy to provide financial products or services to Startups, Micro, Small and Medium Enterprises operating in the Green, Circular, Digital Economy and Artisanal/Small Scale Mining.

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