Call for Proposals for Small and Medium Enterprises in Nigeria


Monday, April 12, 2021 / 04:50PM /FraggInvest/Header Image Credit: RealKM


FRAGG Investment Management Ltd is pleased to invite proposals from SMEs in Nigeria seeking growth/scale-up funding. In line with its mandate to fill a market gap in the African market, by providing financial resources and technical assistance to multi-sector SMEs in the impact and climate domain, FRAGG will be receiving proposals from qualified SMEs on a rolling basis to provide scale-up capital.


Funding Parameters


Investment Phase: Post-revenue phase


Ticket Sizes: Min - NGN20,000,000 | Max - NGN200,000,000 (possibility of follow-on funding)


Funding Instruments: Debt, Equity, Convertible Loans


Target Sectors: Agriculture, Financial Inclusion, Healthcare, Education, Affordable Housing, Climate Finance (Renewable Energy, Waste Management, etc.)


Fund Priority: * Projects owned/managed by women and youths, and/or projects that target women and youth in its outreach


* Projects making use of innovative technology

* Projects with a rural outreach


Target Region: Nigeria


FRAGG will, in addition to financing, provide tailored support which will include participation on the boards of the companies, support in building a competent and capable management team, mobilization of additional capital from co-investors, development and integration of ESG standards into core business operations, support in development of risk management strategies, product development and market expansion, and integration into the FRAGG Start-Up Network (with its hub in Germany).


How to Apply Send an email to  including an investors brief or pitch deck that provides an overview of your business model as well funding needs.

Proshare Nigeria Pvt. Ltd.


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