The founder of the Alibaba Group, Jack Ma announced that he was looking to empower African startups by allocating &10 million over the next 10 years for the development of digital startups. The Prize will host a grand finale pitch competition in Africa where ten finalists from across the continent will compete for a share of US$1 million in total grant prize money. The applications will be open to entrepreneurs from across the continent starting from March 27th, 2019.
Next, the Financial Sector Deepening Africa (FSD Africa) and others have launched the Innovation for Financial Services 2019, a challenge for a US$130,000 Startup grant in the Democratic Republic of Congo. It is a competition for businesses and entrepreneurs that aim to promote the development of innovative, relevant and value-adding financial services and payment solutions in the Democratic Republic of Congo (DRC).
We also have news of Troidini Ventures; a founder-first incubator that provides founders with early-stage funding, market research, business development and world class advisory to help companies scale. It is investing $20k, 10% Equity for startups in Africa. For more information, visit the website.
We wish Nigeria peaceful elections as they go out to vote their preferred candidate on Saturday, February 23, 2019. See you in our next Post.