A regional multilateral development bank established to contribute to the economic development and social progress of African countries.
50 Innovators To Receive Over N320M in Funding Through the Federal Government-Backed iDICE Startup Bridge Programme
The Founders Lab Cohort 1 programme has reached its final stage with 50 selected founders receiving N330,000,000 in funding. Participants were provided with stipends and engaged in structured learning, assessments, and expert-led masterclasses.
Africa50 pulls in $50M from European development banks for a fund that preps green projects for investors
Africa50 received $40 million from Italy’s Cassa Depositi e Prestiti and $10 million from France’s Proparco for its AGIA-PD fund. The AGIA-PD fund focuses on preparing climate infrastructure projects for investment by conducting feasibility studies and technical assessments.
Request for Expressions of Interest(Design, organize, and implement (general and female focused) Tech Hackathons and InnovativeChallenges (Manage Competition, Implementation, Seed Capital and Follow up)Investment in Digital and Creative Enterprises (iDICE) Programme
The iDICE Programme aims to promote entrepreneurship and innovation in Nigeria's digital and creative sectors. A minimum of 12 tech hackathons and innovation competitions will be organized across Nigeria's six geopolitical regions.
Google’s Alex Okosi on what’s holding back Africa’s AI startups
Google graduated 15 startups from eight African countries through its Google for Startups Accelerator Africa programme. 60% of the cohort is already profitable, generating an average of $60,000 in monthly revenue.
Why Africa’s electric mobility is no longer a venture bet
Startups in the African electric mobility sector have raised over $1.28 billion across 129 deals since 2019. A third of the capital now comes as debt, indicating a shift towards infrastructure financing.
