Funding for African Entrepreneurs

MyC4 is an online community which provides a dynamic platform to create and support new enterprises and commercial innovation in Africa.  The vision of the site is to end poverty, and MyC4 has a strict selection process which identifies entrepreneurs looking to develop companies that provide healthy economic prospects for growth.  The screened entrepreneurs then post their ideas labelled as an Opportunity online so that visitors to the MyC4 website can bid on (to invest in) any open Opportunity on MyC4. The bidding process is based on a ’Dutch’ auction which basically means, the more people that are interested in investing, the more favourable the terms (e.g. interest rate) become for the African business. 
Check it out : http://www.myc4.com/