Building winning connections for Start-ups in Francophone Africa

Content provided by APO Group. CNBC Africa provides content from APO Group as a service to its readers, but does not edit the articles it publishes. CNBC Africa is not responsible for the content provided by APO Group.

Suguba (www.Suguba.org) – in partnership Mercy Corps and the French Development Agency (AFD) and Mercy Corps – is organizing their second 6-month investment readiness program in West Africa to support the 8 most promising startups in the digital sector in Francophone West Africa.

L’Afrique Excelle, the francophone adaptation of the World Bank’s XL Africa (www.XL-Africa.com) tech accelerator, was Suguba’s first acceleration program. The programme which took in 2018/2919 aimed to connect francophone startups across the continent with mentors and investors. Afrique Excelle had enabled 18 of the top 20 startups in French-speaking Sub-Saharan Africa to raise funds for a total amount of approximately 10 million dollars, making it a total success.

Afrikhaliss is aimed at digital startups 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. However, applications from companies not yet generating revenue will also be considered.

Eligible companies are 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. We are sector agnostic and are 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, 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.

Flagship 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.

The program has as partners leading investment funds and business angels active in Francophone Africa.

Interested companies can apply online at www.Suguba.org , no later than 19 June 2020.

The Afrikhaliss program was initiated by Suguba and Mercy Corps, with financial support from the French Development Agency and is implemented by Suguba in partnership with Village Capital, Impact Hub Dakar and Impact Hub Abidjan.

For more information about the program or if you are interested in becoming a partner in this initiative, please contact us at [email protected] .

Distributed by APO Group on behalf of Suguba.Media filesDownload logo

Related Content

Coronavirus – Kenya: Distribution of Cases by County as of 5 July 2020

Download logoDistribution of positive cases by counties: - Nairobi (193) - Kajiado (22) - Kiambu (20) - Mombasa (18) - Makueni (17) - Busia (11) - Machakos (9) - Nakuru (8) - Nandi (3)  - Turkana (3) - Narok (2) - Nyandarua (1) - Kakamega (1) - Kilifi (1)Distributed by APO Group on behalf of Ministry of Health, Kenya.

Ghana’s president self-isolates after close person tests positive for coronavirus

ACCRA (Reuters) - Ghana’s President Nana Akufo-Addo will self-isolate for 14 days on the advice of doctors after a person in his...

Coronavirus – Africa: COVID-19 WHO Africa Update as of 5 July 2020

Over 461,000 confirmed COVID-19 cases on the African continent - with more than 222,000 recoveries & 11,000 deaths. View country figures & more with the WHO African Region COVID-19 Dashboard: https://arcg.is/XvuSX.Distributed by APO Group on behalf of WHO Regional Office for Africa.Media filesDownload logo

Subscribe to our newsletter

Sign up for free newsletters and get more CNBC AFRICA delivered to your inbox

More from CNBC Africa

Ghana’s president self-isolates after close person tests positive for coronavirus

ACCRA (Reuters) - Ghana’s President Nana Akufo-Addo will self-isolate for 14 days on the advice of doctors after a person in his...

Health minister hails responsible behavior after English pubs reopen

Thousands of people flocked to pubs, restaurants and bars around England on Saturday as large parts of the hospitality sector reopened for the first time since March.

COVID-19: Now is the time for Africa to grow food

This Covid-19 crisis has also exposed the extreme fragility of the global food system. Social-distancing and lockdown measures to curb the virus’s spread have significantly reduced people’s incomes and thus global food demand.

Morocco’s RAM to axe routes, may reduce fleet to secure aid

RABAT (Reuters) - Moroccan airline Royal Air Maroc plans to cancel some air links, cut jobs and may sell 20 aircraft to...

Partner Content

Sanlam launches urgent job-preservation initiative in response to COVID-19

Sanlam Investments is responding to the COVID-19 pandemic through large-scale support of the recovery of South African companies, from small enterprises to...

Is Market Volatility Here For The Foreseeable Future?

Content provided by CompareForexBrokers Prior to understanding why market volatility might be here to stay for the foreseeable future,...

Trending Now

Keep SMB’s Congo coltan mine in supply chains, says mineral tracker

JOHANNESBURG (Reuters) - Insecurity around Société Minière de Bisunzu’s (SMB) coltan mine in Democratic Republic of Congo could get worse if it...

Malawi’s election cheer dampened by coronavirus surge

“We’re in a worse situation today than we were three months ago. Coronavirus is spreading everywhere in Malawi and it’s spreading to kill,” he said in a televised address.

Congo mines minister to meet with firms on confinement moratorium

“Coronavirus has dealt a fatal blow to mining activities, with the impossibility of repatriating capital, importations of products for the industry coming to a halt, the dizzying drop in metals prices on global markets in March,” he said.
- Advertisement -