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With AFD’s support, Afrilabs, ABAN move to grow continent’s business space | The Guardian Nigeria News - Nigeria and World News

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To fund African startups with innovative digital solutions and measurable impact, AfriLabs has collaborated with African Business Angels Network (ABAN) to officially launch Catalytic Africa, a co-matching fund designed for African startups.

Catalytic Africa is an investment tool that aims to increase the pool of capital available to promising African growth-stage entrepreneurs, support the startup ecosystem and increase the visibility of impact to institutional funders.

Executive Director, AfriLabs, Anna Ekeledo explained that to access the matching funding, startups are expected to participate at the hubs from AfriLabs and ABAN investors. “We have been working extremely hard to make this come to life and today, we are happy to launch Catalytic Africa, the game changer that will support startups across the continent. This will help hubs within our network attract startups as Catalytic Africa serves as an incentive and has the ability to offer matching funds for their startups.

 

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