banner-img

Learning can be easier with EX - Library.

Explore our newest feature, a reliable informational resource you've been looking for!
Join |
Fintech & SME Innovations in Africa
2267 views
0 comm

Fintech & SME Innovations in Africa

Africa is emerging as a talent hub for innovative entrepreneurs trying to solve existing problems with new solutions. While in the past its young people had little help, several incubators and programs have been built to support these creative minds. Here’s a look at five of the top incubators on the continent.

Tony Elumelu Foundation

Born out of the ambition of Africa’s most influential entrepreneur, the Tony Elumelu Foundation has a bold vision of solving the continent’s problems through sound capitalism. This is accomplished through training camps and world-class mentorships, and at least $5,000 of seed capital to help trainees grow their ideas to businesses, SMEs, corporations and even multinationals. Over 7000 African entrepreneurs have benefited from the initiative which admits new entrants every year. The foundation has pledged to invest $100 million over the course of ten years. Country chapters and events help graduates continue to share ideas.

Mest Africa

Talented software entrepreneurs have the chance to undergo a one-year training program that improves their skills in tech, business and communications from an experienced global team. After their training in Accra, Ghana, they can pitch their ideas to receive seed funding from the incubator. Mest Africa leverages its vast network of partners and investors to help its graduates.

AfriLabs

Over a million entrepreneurs across Africa connect through AfriLabs, a network of 158 hubs in 45 countries. Through meetups, training programs and consultancy this network of networks encourages collaboration, growth and the building of technology that is uniquely African. AfriLabs also has strong partnerships with tech giants out of the continent.

Jokko Labs

With a presence in eight French-speaking African countries, Jokko Labs encourages entrepreneurs in its 12 hubs to exploit resources around them as they build solutions for the future. Jokko Labs operates out of its base in Senegal, with its founder Karim Sy planning an expansion into Anglophone African countries. This move will be massive for the continent, acting as a bridge between Francophone and Anglophone Africa where language often hampers collaboration. Jokko has mentored over 600 startups.

Stay in the loop with EXIMA

EXIMA is the best place to get the latest updates in the business and import/export world. Sign up for our newsletter today and stay informed.

You May Also Like

Aug 17
2022
2022 Shipping Costs Will Be Higher than Ever Before

Shipping costs will most likely be higher than ever in 2022 as a result of the COVID-19 pandemic's consequences. Come take...

Staff
Comments (0)
Oct 18
2023
Project Achieves Design Milestone for Hydrogen-Fueled Cargo Ship

A Japanese consortium working as part of a government-sponsored project for next-generation zero-emission shipping reports...

Staff
Comments (0)
This website uses cookies. By using this website, you consent to our use of these cookies