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PRE-SEED INVESTMENT PROGRAM MADICA ANNOUNCES FIRST SET OF AFRICAN TECH PORTFOLIO COMPANIES

24Apr

By Africa BusinessNo Comments

Startups, Tech

PRE-SEED INVESTMENT PROGRAM MADICA ANNOUNCES FIRST SET OF AFRICAN TECH PORTFOLIO COMPANIES

Pan-African Program Adds New Hires, Kicks Off Founder Immersion Networking Trips, Ecosystem Collaboration Madica, a structured investment program designed for pre-seed stage startups in Africa, announced its first set of investments in three startups today. In line with Madica’s mandate, each startup has received an investment of up to $200,000 and is now a part of Madica’s comprehensive investment program which includes 18 months of dedicated company-building support tailored to the unique needs of each startup. Madica delivers its support through a highly personalized curriculum, hands-on mentorship, invitations to fully-funded week-long founder immersion trips, executive coaching opportunities, and access to madica’s global network of investors for follow-on funding - all designed to s...

TLcom Closes Africa’s Largest Early-Stage VC Fund at $154 Million

22Apr

By Africa BusinessNo Comments

Business, Startups

TLcom Closes Africa’s Largest Early-Stage VC Fund at $154 Million

Africa’s Leading Early-Stage VC Surpasses Target for Its Second Fund, TIDE Africa II, Focused on Seed & Series A Companies Today, TLcom Capital, the Africa-focused venture capital firm, announced the final close of TIDE Africa Fund II, its second fund for technology in Africa, at $154 million. Confirming TLcom Capital’s status as Africa’s largest Seed and Series A investor, the new fund accelerates the firm’s mission to partner with elite founders to tackle Africa’s biggest and most complex challenges with innovative solutions that will unlock massive value in the continent’s critical sectors. At more than twice the size of TLcom Capital’s first fund, TIDE Africa Fund II is oversubscribed and sees participation from several new, high-profile LPs alongside returning LPs from the firm’...

13Sep

By Africa BusinessNo Comments

Startups

Irish Tech Challenge offering support to local tech startups in South Africa

By: Hahangwi Liphadzi, Incubation Manager at Tshimologong Local tech startups are playing an increasingly important role in driving economic growth in South Africa. These startups are developing innovative solutions to address some of the country's most pressing challenges, such as unemployment, poverty, and inequality. One way that tech startups are contributing to economic growth is by creating jobs. According to a report by the South African Startup Ecosystem Report, as of May 2022 the 490 tech startups in South Africa had created over 11,000 jobs. This is a significant number, considering that the country's unemployment rate is currently at 32.9%. In addition to creating jobs, the report also highlights how tech startups are helping to boost the South African economy by generating r...

9Dec

By Africa BusinessNo Comments

Startups

Startup Support and Access to Markets Essential for Further Investment in African Innovation

Applications Now Open for the Telecel ASIP Accelerator, powered by Startupbootcamp AfriTech Over the course of 2021, African tech startups raised $4.42 billion in funding[1] - almost double the record-breaking $2.4 billion raised in the previous year[2]. “With investment in African innovation increasing, so too has the demand for hands-on support and access to markets from startups,” says Eleanor Azar, Telecel Group Executive Deputy and Director of the Telecel Group Africa Startup Initiative Program (ASIP). To scout, skill and scale the next generation of early-stage African tech startups, the Telecel ASIP Accelerator Program, powered by Startupbootcamp (SBC) AfriTech has opened applications for its next cohort. ASIP Accelerator is seeking the most impactful ‘African solutions for Afric...

9Dec

By Africa BusinessNo Comments

Startups, Tech

Adanian Labs Launches Venture Building Program Call For Tech Startups For 2022 January Cohort

Adanian Labs has launched the Adanian Labs Venture Building Program call for startups for 2022. The program invites applications from tech entrepreneurs for the 2022 cohort of exceptional startups to join Adanian Labs in Kenya, Tanzania, Zambia, Nigeria and South Africa. Since its establishment in 2020, Adanian Labs has incubated fourteen (14) groundbreaking tech startups across sectors; have established a first in Africa partnership with Emurgo Africa, a vehicle of EMURGO, the commercial arm of Cardano and have raised seed funding for 4 of its existing startups. Some of these notable startups include: - Afya Rekod - a consumer driven digital health data platform - Phema Agri - an agriculture crowdfunding platform - Paylend - an SME credit lending solution and others such as Twaa, eCob...

29Nov

By Africa BusinessNo Comments

African News, Events, Startups

Discover the first speakers and themes of the 5th edition of EMERGING Valley

A major annual event for Afro-European Tech players, the EMERGING Valley International Summit will be held phygitally on December 14, at the Palais du Pharo in Marseille, with over 200 speakers and 2,500 digital and face-to-face participants expected. The event is open and free of charge to everyone, just sign up on the official website. EMERGING Valley is delighted to unveil the first international experts who will be participating in its major debates. Here are the first confirmed speakers: · Minister Taleb OULD SID'AHMED, Minister of Employment and Professional Integration of Mauritania, · Mrs Aurelie Ilimatou ADAM SOULE, Minister of Numeric and Digitalisation of Benin · Mr. Grégory CLEMENTE, Managing Director of PROPARCO (France), Mr. Satoshi SH...