Digital Africa commits US$150m for next 3 years to support entrepreneurship in Africa

AFRICA – France President Emmanuel Macron has announced at the New Africa-France Summit a renewed financial commitment of €130 million (US$150.53m) for the next three years and defined Digital Africa’s new ambitions to support entrepreneurship and technological innovation on the continent. In terms of financing, Digital Africa announced the Fuzé project, that focuses on Francophone Africa and aims to support at least 200 tech start-ups as of early 2022 by launching a new small ticket fund taking the form of repayable loans. In terms of skills, Digital Africa joins forces…

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Proparco, Digital Africa launch support fund for African start-ups impacted by Covid-19

AFRICA – Proparco, a French private investor, has partnered with Digital Africa, a multi-platform documentary project, to launch Bridge Fund, their support fund for African start-ups impacted in their development by Covid-19. The Bridge Fund is a co-investment worth €5 million (US$5.9m). It was designed to meet the financing needs of African start-ups whose economic impacts have caused the cancellation or delay in fundraising. To be eligible for the Bridge Fund, candidate innovative tech companies will have to prove that they have been in existence for at least 18 months…

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