Even as VC funding dries up across the world, development finance institutions (DFIs) are looking to African startups to deploy their dry powder. British International Investment (BII), a DFI from the UK, told TechCrunch recently that it will deploy $500...
11 Disruptive Startups Selected for Cohort 3 Of The Africa Startup Initiative Program (ASIP) Accelerator Program Powered by Startupbootcamp Africa
Africa's leading tech Accelerator, Startupbootcamp AfriTech together with founding partner and leading telecom giant, Telecel Group have selected the participants of the much-coveted Accelerator Program, the Africa Startup Initiative Program.
As a result of their collaboration, TLG Capital and Future Africa have created a US$25 million venture debt fund, which will be used to invest in firms in the Future Africa portfolio that meet specific criteria.
For its 2024 cohort, the MEST Africa Training Program is currently accepting applications. This 12-month program, which will be held in Accra, Ghana, is designed to impart commercial technology and entrepreneurial skills to young people from all over the continent.
Mobility for Africa, a Zimbabwean mobility company, has acquired US$2 million in funding from Zimbabwean investment firm InfraCo Africa to deploy 400 electric vehicles in the country's rural areas.
Kwely, a Senegalese digital firm, has won the 2022 MEST Africa Challenge (MAC), a pan-African startup pitch competition. Birame Sock, a Senegalese entrepreneur, established the digital platform Kwely to distribute African-made products.
The Mastercard Foundation Africa Growth Fund has launched a $200 million funding facility for African SMEs
The Mastercard Foundation Africa Growth Fund has established a $200 million funding facility for African SMEs. The Mastercard Foundation Africa Growth Fund (MFAGF) was established to assist early-stage, growth-oriented SMEs across the continent.
In Africa's technological ecosystem, fintech continues to be the industry darling. In 2020, there were more than 200 fintech businesses in Nigeria, and fintech startups received 50% of the financing that flooded into Africa's digital sector overall.