Benin invests in 11 startups under Oumandéra funding scheme

BENIN – The government of Benin has invested in eleven startups under the Oumandéra funding scheme, after several phases of selection. The funding will enable them to boost their businesses. The eleven startups are part of the first class of 2020–2021 under the Digital Entrepreneurship Support Fund (FAEN). The eleven Beninese startups received checks worth 10 million to over 29 million CFA francs (US$ 18,430 – 53,460), depending on the relevance of their development needs. “Housed under the Digital Entrepreneurship Support Fund (FAEN), Oumandéra is a grant worth between 5…

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