Why International DFIS are Looking to African Startups to Scale Impact Investing EffortsJanuary 24, 2023
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 million into startups by the end of 2026, and half of that amount has been earmarked for African tech companies.
11 Disruptive Startups Selected for Cohort 3 Of The Africa Startup Initiative Program (ASIP) Accelerator Program Powered by Startupbootcamp AfricaJanuary 24, 2023
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.
TLG and Future Africa have launched a $25 million venture debt fund initiative for African startupsDecember 19, 2022
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.
MEST Africa is now accepting applications for the class of 2024December 19, 2022
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 startup, receives $2 million in fundingDecember 12, 2022
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 of Senegal has won the Mest Africa Challenge 2022December 12, 2022
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 SMEsDecember 12, 2022
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.
Opinion: Trends and predictions for African startups in 2023December 12, 2022
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.
As A Startup, how well do you know your TAM, SAM and SOM? – Ethel Anne KomlagaDecember 7, 2022
Enterprise Bureau held the 4th edition of their EB CONNECT series on the topic " Market Access Strategies into Emerging Markets". In course of the discussions, Miss Ethel Anne who doubles as the Executive Director of the Bureau helped participants to understand key terms in relating to Market.
African Union and Africa Development Bank Sign $9.73 Million Grant Agreement to Promote the Growth of the African Digital MarketDecember 5, 2022
The African Union Commission (AUC) and the African Development Bank have signed a grant agreement to carry out Phase 1 of the Upstream Project for the Development of Digital Markets in Africa.