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AIR - Copy
THE 1st AFRICAN INDUSTRIAL REVOLUTION (1st AIR)
What is the “1st AIR” Program?
The Africa Industrial Revolution is a program that aims to industrialize the African continent by providing the means and machineries for businesses in Africa to increase their local production with a view to reducing Africa’s total import and achieving self sufficiency
What kind of support is provided under the program?
- Machine and Equipment Finance / Lease for Manufacturing
- Factory Set-Up Assistance
- Resuscitation of Dead or Abandoned Factories
- Foreign Technical Partnership and Training
- Factories Standardization
- Technical Support
- Export Development
Which sectors are covered under the program?
- General Manufacturing
- Food Processing and Packaging
- Food Storage
- Agriculture, Horticulture and Animal Husbandry
- Construction
- Mining
- Plastics and Polymer Industries
- Textile Manufacturing and Related Industries
- Apparel Manufacturing
- FMCG
Who are the stakeholders in this program?
- Clarkson Group
- Central Bank
- Bank of Industry
- Bank of Agriculture
- Africa Development Bank
- Africa House Foundation
- Industrial Equipment Manufacturers
- Local Chambers of Commerce
- Business Associations and Unions
What type of businesses can apply for the program?
- Private Limited Liability Companies
- Individual Entrepreneurs / Sole Proprietorship
- Limited Partnerships
- Public Limited Companies
- Cooperative Societies
- Government Owned Enterprise
How does the 1st AIR Program work?
- Interested applicant submits an application with a short project summary
- The application is reviewed by the board of directors of the program
- Successful applications are investigated further for feasibility and sustainability
- The applicant is invited for interview and document review
- A comprehensive Project and Financial Plan is developed for the project
- Management Framework is developed for the project
- Applicant Project Agreement is signed
- Project is executed as per plan
- Project Milestones are monitored by Project Administrators
What are the general requirements for the program?
- Individual Entrepreneurs must be a citizen(s) of Africa
residing in Africa.
- Corporations with foreign ownership stake exceeding 40% are
not eligible.
- Must be a registered business in Africa (Start-Up companies
undergoing incubation must have related education and experience in the field).
- Company Directors must possess minimum of a Bachelor’s
Degree or a Higher National Diploma from an accredited educational institution.
- Company Directors must have undergone business management training
courses either as part of formal education or via external training providers.
- All shareholders in the company must have clean criminal
record in the last 5 years.
- All shareholders in the company should not have a record of
being declared personally financially bankrupt or the business(es) they manage(or
have full responsibility for) declared bankrupt in the last 10 years.
- The Company and its directors should not have a record of
benefitting from public funds in form of scholarships, grants or government funding/
loans in the last 10 years. (Public fund sources include Federal/ State
Governments, African Union, United Nations, Africa Development Bank, USAID, Foreign
Governments and similar agencies).
How do I apply for this program?
Interested applicants are encouraged to send the following information
to africahouse98@gmail.com :
1-Full Name of shareholders in the business and their percentage
ownership in the business
2-Business Name, Government Issued Company / business number,
and registered address
3-Full Contact details (containing postal address, email and
telephone number)
4-Brief Project Summary
5-Motivation behind the project and project outcomes
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