Connect with us
Innopower banner Ad

Press Release

VC4A selects 12 growth stage startups for its 2023 Venture Showcase Africa

Published

on

VC4A, the leading startup platform in emerging markets, is proud to announce the 12 African startups that have been selected to participate in the 2023 VC4A Venture Showcase Africa. This annual flagship program brings together the best and brightest startups from across the continent, giving them the opportunity to pitch their ideas to investors and industry experts with the objective of raising their Seed or Series A funding rounds.

The 12 startups selected for the 2023 Venture Showcase Africa are:

Download BAO E-MAGAZINE

Three ventures from Egypt, which are Rology, an AI-assisted tele-radiology platform that helps deliver accurate radiology reports on time; FreshSource, a B2B agri-supply chain platform that uses data and technology to connect producers to businesses, guarantee fair prices, and minimize food loss; and Pharmacy Marts, a B2B marketplace for pharmacies that provides a one-stop shop for products, financing, and logistics.

Four startups from Nigeria namely; Vendy, which helps businesses accept payments from customers without internet access; Treepz, a car-sharing platform for Africa that aims to reduce CO2 emissions; Winich Farms, an application that connects food producers to informal food processors and retailers in Africa; and OmniRetail, a B2B e-commerce platform offering supplier & retail software, to connect the informal retail ecosystem across Africa.

Three startups from Kenya; Duhqa, a digital supply chain platform that uses AI and automation to help SMEs and manufacturers grow their businesses; MPost, which is a digital platform that turns mobile phone numbers into formal postal addresses, and SympliFi, a blockchain-powered credit-as-a-service platform that provides affordable credit to MSMEs in Africa.

To close the top 12 list, one startup each from Uganda and Senegal; Emata is a digital lending platform on a mission to provide loans to millions of farmers in East Africa and Maad, is an e-commerce marketplace connecting manufacturers and retailers in Francophone Africa.

These high-growth ventures were chosen from a pool of hundreds of applicants, and represent a diverse range of industries and sectors in the Seed and Series A tracks. Each startup will receive mentorship, technical assistance and will have the opportunity to showcase their companies to an audience of investors and industry leaders in the VC4A Deal Room.

“We are thrilled to unveil these exceptional startups for our upcoming VC4A Venture Showcase Africa 2023 program. Each is a beacon of innovation and entrepreneurship. These visionary teams have demonstrated remarkable potential and we eagerly anticipate the transformative journey ahead as we accelerate their growth and shape the future together,” said an excited Abu Cassim, Lead of the Acceleration Team at VC4A.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.

Press Release

Emil Ekiyor Named In “Indiana 250” Most Influential List

Published

on

Emil Ekiyor, Founder at InnoPower (Image: Supplied).

IBJ Media has named Emil Ekiyor, one of Africans in the Diaspora leading accomplished community leader and entrepreneur, in the 2024 Indiana 250, the annual list of the 250 most influential leaders in Indiana. The Indiana 250 Most Influential List, now in its third year, recognises the state’s most influential and impactful business and community leaders, representing public and private companies, law firms, universities, not-for-profit, government and community organizations. Mr Ekiyor, is recognised for his accomplishment as a community leader and entrepreneur dedicated to empowering African and African American communities. The list is available at Indiana250.com.  

Download BAO E-MAGAZINE

Born in Nigeria, Emil embarked on an educational journey to the United States at age 15. He excelled academically and athletically in high school, earning a full scholarship to the University of Central Florida. As a college football team captain, Emil demonstrated stellar leadership and strategic skills. He went on to have a six-year professional football career with the Tampa Bay Bucs, Indianapolis Colts, Atlanta Falcons and Oakland Raiders. Upon retiring from the NFL, Emil transitioned into entrepreneurship and community leadership roles.

Emil currently serves as CEO of InnoPower Indy Inc., driving innovative community empowerment programs. He has also served as President of the Indianapolis Black Expo Indy chapter and Indy Youth Sports, while serving on nonprofit boards like Friends of Education, Teach for America Indy and the Boys Scouts of America.

With a commitment to advancing black talent and closing wealth gaps, Emil brings collaboration, innovation and courage to his community leadership. He continues to create sustainable change as a beacon of hope for African and African American communities.

Continue Reading

Press Release

The Nigeria Office for Philanthropy to Showcase I-PHILANTHROPY Platform at 2024 IMBW @ RALLY

Published

on

Nigeria Office for Philanthropy (NPO) Chairperson, Thelma Ekiyor Solanke (Image: Supplied).

The Nigeria Office for Philanthropy (NPO) is set to introduce its groundbreaking I-PHILANTHROPY platform at a high-profile roundtable discussion during the 2024 innoPower Minority Business Week @ RALLY, taking place on August 27-28 in Indianapolis. This landmark event, hosted by NPO Chairperson Honorable Thelma Ekiyor Solanke, will explore innovative solutions for creating access to capital in disenfranchised communities.

I-PHILANTHROPY is a cutting-edge digital solution that leverages technology to support Nigerian small business owners and create unprecedented access to capital for micro-enterprises. The platform’s success in Nigeria offers a promising model for addressing similar challenges faced by underserved communities in the United States.

Download BAO E-MAGAZINE

“I-PHILANTHROPY represents a paradigm shift in financial inclusion and support for micro-enterprises,” said Honorable Thelma Ekiyor Solanke. “We’re excited to share our experiences at innoPower Minority Business Week @ RALLY and explore how this model can be adapted to empower disenfranchised communities in the USA.”

The roundtable will discuss:

– I-PHILANTHROPY’s impact on capital access for Nigerian micro-businesses.

– Potential applications of the model in US minority communities.

– Strategies for engaging diaspora and global participants in local economic development.

– Opportunities for international collaboration in supporting grassroots entrepreneurship.

This showcase is a highlight of innoPower Minority Business Week @ RALLY, a premier event that combines innoPower’s focus on empowering minority-owned businesses with RALLY’s emphasis on innovative solutions to global challenges. The conference brings together entrepreneurs, investors, community leaders, and innovators to share knowledge, build networks, and drive economic empowerment.

“The I-PHILANTHROPY platform aligns perfectly with our mission to foster growth and success among minority-owned businesses,” said Emil Ekiyor, Founder at innoPower. “This roundtable offers a unique opportunity to learn from international best practices and explore new strategies for addressing capital access challenges in our communities.”

Erica Schweyer, Executioner at RALLY, added, “By bringing together diverse voices from technology, business, and philanthropy, we aim to catalyze transformative ideas that can have real-world impact on disenfranchised communities both in the US and globally.”

 

Sign up for the Roundtable and receive a 88% discount https://innopower.formstack.com/forms/imbwdiscount

 

About Nigeria Office for Philanthropy (NPO):

NPO is at the forefront of leveraging technology for social good in Nigeria. Their I-PHILANTHROPY platform is revolutionizing how global participants can support Nigerian micro-enterprises and contribute to local economic development.

About innoPower Minority Business Week @ RALLY:

This collaborative event combines innoPower’s focus on fostering growth and success among minority-owned businesses with RALLY’s emphasis on innovation and transformative ideas. It brings together entrepreneurs, investors, community leaders, and innovators to share knowledge, build networks, and drive economic empowerment.

Continue Reading

Press Release

Swedfund invests USD 30 million in Access Bank to fund underserved MSMEs in Nigeria

Published

on

Swedfund invests USD 30 million in Access Bank Nigeria Plc to reach underserved MSMEs (micro, small and medium enterprises) at scale. By providing long-term capital and capacity building to unbanked and under-banked companies in Nigeria, the investment is expected to support sustainable private sector development and inclusive growth.

Nigeria, with a population of 230 million, has an unemployment rate at a staggering 33%. Additionally, over half of the rapidly growing population is below the age of 30, which further exacerbates the need for job creation and workforce development. As Nigeria also copes with a multitude of crises, including insecurity, food shortages and inflation, the resilience and power of MSMEs is critical to driving sustainable development and reducing poverty.

Swedfund’s investment aids in advancing sustainable private sector development, encouraging inclusive growth, and expanding access to finance. Access Bank, known for its strong market presence and with a committed MSME strategy, serves as an effective partner to reach MSMEs in need of financing in Nigeria, says Kitanha Toure, Regional Director of West Africa at Swedfund.

Download BAO E-MAGAZINE

Access Bank is systemically important and well-positioned to reach a significant number of MSMEs in Nigeria. Swedfund’s investment will contribute to direct and indirect job creation and other tax-generating activities as well as improved access to finance for rural and underserved groups, female- and youth-owned companies.

Access Bank is eligible to meet the 2X Criteria, a global baseline standard for gender finance, and recognised as the best SME bank for women entrepreneurs in Africa.

The loan is part of a syndicate led by the Dutch development finance institution, FMO, with a total value of USD 295 million. The syndicate consists of other Nordic and European development finance institutions such as BII, BIO, Finnfund and Norfund.

Continue Reading

Ads

Most Viewed