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Sage Foundation’s Fund offers new funding for SMEs in Africa

Sage, the market and technology leader for cloud accounting, people & payroll, and payment systems, on Wednesday, launched the second round of funding from Sage Foundation’s Enterprise Fund.

The fund supports the creation of either new or piloted entrepreneurial programmes to help improve the lives of military veterans, young people or women and girls in Africa and Sage’s local communities around the world.

Sage is the global market leader for technology that helps businesses of all sizes manage everything from money to people – whether they’re a start-up, scale-up or enterprise. We do this through Sage Business Cloud – the one and only business management solution that customers will ever need, comprising Accounting, Financials, Enterprise Management, People & Payroll and Payments & Banking.

The Foundation is also committed to helping small, frontline organisations, therefore the fund is only open to organisations with an income that is less than $2M, and projects or initiatives have been operational for two years or less.

Observers say every day, across Africa, inspiring non-profit leaders, volunteers and their supporters are working tirelessly to make their communities better places to live. Sage Foundation’s Enterprise Fund has been designed to support small non-profits with exceptional, original ideas on the brink of delivering real change, take a bold step forward when they are unable to make their idea a reality due to lack of funds.

After awarding $500,000, through over 30 grants, across 15 Sage countries earlier in 2017, Sage Foundation will open the next wave of $500,000 until November 28; grants between $10,000 – $25,000 will then be awarded to successful applicants.

In South Africa, the New Africa Education Foundation has received a $10,000 grant towards a project that will provide mobile libraries to disadvantaged schools.

According to the chief executive of the New Africa Education Foundation, Ahmed Motala, “We are delighted to partner with Sage Foundation to boost literacy in Kwa-Zulu Natal. Our mobile libraries can be wheeled from one classroom to another, making books more accessible for learners in communities with poor access to libraries. Support from Sage Foundation is helping us to expand a project that will enable many learners to boost their performance at school and work towards a brighter future.”