Madica, the structured investment program for pre-seed African startups, has expanded its portfolio with two new AI-powered companies—Anavid (Tunisia) and Hypeo AI (Morocco). Each receives up to $200,000 and joins Madica’s 18-month program offering mentorship, global exposure, and investor connections. Madica also announced a strategic partnership with the African Business Angel Network (ABAN) to boost local investment flow and co-investment opportunities across Africa’s innovation ecosystem.
Tag: AI startups Africa
What AU’s New Continental AI Strategy Means for African Businesses
The African Union’s (AU) new Continental AI Strategy, adopted in July 2024, marks a pivotal step in aligning artificial intelligence development across Africa. This unified framework emphasizes innovation, governance, skills development, digital infrastructure, and ethical AI use. For African businesses, the strategy offers regulatory clarity, investment opportunities, and a roadmap to harness AI’s transformative potential while promoting inclusive and responsible growth.