Top 8 Tech Start-ups in Francophone Africa to receive support
Suguba in partnership with Mercy Corps and the French Development Agency (AFD) is organizing another investment readiness program in West Africa to support 8 start-ups in the digital sector in Francophone West Africa.
Afrikhaliss is aimed at digital start-ups with impactful solutions for local and regional value chains. The program targets companies that already have a product or service on the market and are generating revenues.
Eligible companies need to be based or generate at least 75% of their turnover in one or more of the following markets in Francophone West Africa: Benin, Togo, Burkina Faso, Guinea Conakry, Côte d'Ivoire, Mali, Niger and Senegal. Afrikhaliss is sector agnostic and is looking for later stage digital solutions with services or products available on the market now.
Entrepreneurs will be mentored by international and local experts, trained through a tailor-made program to increase their brand visibility and have access to potential partners and investors. Through its collaboration with leading investors with a focus on Francophone Africa, Afrikhaliss will help the selected start-ups attract capital.
This year's program will take place in two virtual or physical residences, in Senegal, depending on the evolution of the health situation, and in Côte d'Ivoire. Activities include two one-week residential training sessions in Dakar (Senegal) and another in Abidjan (Côte d'Ivoire), offering entrepreneurs the opportunity to develop their professional network and learn from mentors, peers and local and international partners.
The residential training in Dakar will conclude with a Pitch which will take place during the second edition of the Francophone Africa Investment Summit where entrepreneurs will present their start-ups to a large audience of new technology experts, investors, large companies, experts and media.
L’Afrique Excelle, the francophone adaptation of the World Bank’s XL Africa tech accelerator, was Suguba’s first acceleration program. The programme which took place in 2018/2919 enabled 18 of the top 20 start-ups in French-speaking Sub-Saharan Africa to raise funds of approximately 10 million dollars.