Analysing trends and opportunities in the startup ecosystem

Young entrepreneurship is on the rise in Africa. This growth is being driven by a number of factors, including the increasing availability of capital, the rise of technology, and the growing demand for innovative solutions to African challenges.

This roundup highlights some of the recent news and events related to young entrepreneurship in Africa. It includes stories of success, partnerships, and funding rounds that are helping to shape the future of young entrepreneurship on the continent.

Seedstars Capital and Botnar Foundation join forces to improve youth wellbeing in Africa

Seedstars Capital, a venture capital firm, and the Botnar Foundation, a Swiss-based philanthropic organization, have announced a partnership aimed at enhancing the wellbeing of young people in Africa. The collaboration seeks to support startups that focus on improving youth health, education, and livelihoods. By leveraging Seedstars’ expertise in scouting and investing in early-stage startups and the Botnar Foundation’s experience in youth-centric programs, the partnership aims to foster innovation and create sustainable solutions to address the challenges faced by African youth. The joint initiative will provide funding, mentorship, and access to a network of resources to selected startups, enabling them to scale their impact and drive positive change across the continent.

Google Cloud forms partnership with Moniepoint to enhance financial services in Nigeria

Google Cloud has announced a strategic partnership with Moniepoint, a leading Nigerian fintech company, with the goal of improving financial services in Nigeria. This collaboration aims to leverage Google Cloud’s advanced technologies and Moniepoint’s extensive network to drive innovation in the fintech sector. By utilizing Google Cloud’s secure and scalable infrastructure, Moniepoint aims to enhance its digital payment services, expand its customer base, and provide seamless and efficient financial solutions to individuals and businesses in Nigeria. The partnership will enable Moniepoint to leverage Google Cloud’s expertise and resources to develop and deploy cutting-edge technologies, empowering them to offer more robust and secure financial services to their users.

Eze secures $3.7 million in funding to expand its e-commerce platform in Nigeria
Eze, a Nigerian e-commerce platform, has successfully raised $3.7 million in a recent funding round. The investment will be utilized to accelerate the company’s growth and expand its operations within Nigeria’s booming e-commerce market. Eze aims to leverage the funding to enhance its technology infrastructure, improve customer experience, and scale its platform to reach a wider audience. The funding round was led by prominent investors who recognize the potential of Eze in the Nigerian e-commerce landscape. With this substantial financial backing, Eze is well-positioned to strengthen its position in the market, offer innovative solutions, and contribute to the growth of e-commerce in Nigeria.

The stories of Seedstars Capital, Google Cloud, and Eze are just a few examples of the many ways that young entrepreneurs are making their mark on Africa. These entrepreneurs are not only creating successful businesses, but they are also helping to solve some of the continent’s most pressing challenges.
Visit our homepage to learn more about the resources and services that we offer to young entrepreneurs.

Under40CEOs is a platform that celebrates the achievements of young entrepreneurs in Africa. We provide resources, mentorship, and networking opportunities to help young entrepreneurs succeed. If you are a young entrepreneur in Africa, we encourage you to join us. Together, we can build a brighter future for Africa.

Opportunities this week

The Atlas Corps Fellowship is a 12-18 month fellowship in the United States for social change leaders from Africa. Fellows work full-time at host organizations, develop leadership skills, and learn effective practices through the Atlas Corps Global Leadership Lab professional development series and networking opportunities with other fellows. The application deadline for the 2024 fellowship is July 30, 2023.

The UNLEASH Innovation Lab is a fully-funded 7-day program for young change makers from around the world to co-create solutions to the most pressing sustainability challenges. The 2023 Lab will take place in Kigali, Rwanda from December 2-8. Applicants must be between the ages of 18-35 and have a passion for the Sustainable Development Goals. The application deadline is July 19, 2023. Apply here:

Here are some of the key details of the program:

  • Fully-funded: All participants will receive full funding for their travel, accommodation, and meals.
  • 7-day program: The program will run from December 2-8, 2023.
  • Location: The program will take place in Kigali, Rwanda.
  • Target audience: Young change makers from around the world who are passionate about the Sustainable Development Goals.
  • Application deadline: July 19, 2023.
  • Apply here: