">
TechMoran
  • About Us
  • Deals
  • Jobs
  • Motoring
    • Money
  • Pitch Your Startup
  • Submit Your Post
  • Freelance Gigs
  • Travel
  • Men’s Corner
  • Dating
Thursday, January 21, 2021
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
No Result
View All Result
TechMoran
">
Home Startups

African startups can secure development funding through AfCFTA Vision Challenge

Milcah Lukhanyu by Milcah Lukhanyu
2 months ago
in Startups
7 min read
0

African technology startups with innovative solutions to problems faced by African leaders have been invited to apply for the AfCFTA Vision Challenge, which offers them the opportunity to secure investment from a major pan-African development finance institution.

Ratified by 54 African nations, the African Continental Free Trade Agreement (AfCFTA) creates a continent-wide free trade area, is a strategic framework for delivering on Africa’s goal for inclusive and sustainable development.

The start of trading under the AfCFTA is set for January 1, 2021, with an extraordinary Summit of Heads of State & Government to take place on December 5, 2020 to lay important foundations for this exceptionally crucial development.

AfCFTA, a cornerstone of Agenda 2063, maximises Africa’s already considerable advantages: the youngest workforce in the world; abundant natural resources; and exceptional creative, cultural, and intellectual resources. But in order for it to gain rapid traction, the continent’s innovators and entrepreneurs must be equipped with the tools and resources they need to push solutions to the barriers in its way.

With this in mind, the AfCFTA Secretariat is pleased to announce the AfCFTA Vision Challenge as part of the broader Vision Initiative to boost access to funding and technological capacity for startups, SMEs, innovators and entrepreneurs across the continent. The Secretariat launches the Vision Initiative with the Sankoree Institute of AfroChampions on the back of the AVRIVA programme, and in support of the African Union Open Corridor Initiative.

The AfCFTA Vision Challenge is open to startups working in any one of eight critical issue areas: education, health, agriculture, infrastructure, good governance, trade/integration, technology, manufacturing and environment. Pure commercial startups as well as social enterprises are welcome to apply.

READ  PiggyBank is a Platform That'll Helps Nigerians Save Their Money

Selected startups will be assisted in navigating the complex process of engaging with big development finance institutions, which are usually not familiar with startups. The end goal is to help these startups secure investment from a major pan-African development finance institution.

Related posts

Cheerful young businessman in round spectacles and formal wear, checks newsfeed on modern smart phone, connected to wireless internet, has happy look as recieves positive news from colleagues

TransUnion partners SA’s financial marketplace, Fincheck, to make the credit application process easier and less frustrating

January 20, 2021
0

Autochek opens Accra office to bolster its customer acquisition efforts

January 20, 2021
0

Ghana’s Zeepay raises $940 000 seed capital from GOODsoil VC for expansion

January 20, 2021
0

Nigeria’s uLesson raises $7.5m series A for expansion into Eastern & Southern Africa

January 19, 2021
0

Some of the Development Finance Institutions and Banks approached by the AfCFTA to serve on the institutional jury include AfDB, TDB, Afreximbank, Equity Bank, Ecobank. BADEA, AFC, and CIB, among others.

“There are many things we must get right to ensure that Africa derives the full range of benefits from the AfCFTA. Some will take a while. Creating powerful connections through institutional partnerships and technology, however, can start immediately, and there is no time to waste. We want to propel SMEs and startups by opening doors for them to places where they could never previously have entered, for capital but also for capacity building,” said Francis Mangeni, director of trade promotion and programmes at the AfCFTA Secretariat.

To apply, startups simply visit the challenge website. Once in the portal, they can obtain an AfCFTA Number from the main AfCFTA App, allowing them to participate in the contest. The AfCFTA Number is a pan-African trusted identity for businesses, while the app simplifies KYC procedures, provides the base for a continental credit referencing system, and allows traders to submit required trade documents electronically, thereby minimising the costs, delays and inconvenience of paperwork obstructing greater inter-African trade.

READ  WeFarm hits 150,000 users, wins top mobile award at 4YFN

The deadline for applications is December 22, 2020.

Readers 1,496

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Milcah Lukhanyu

Milcah Lukhanyu

Milcah Lukhanyu covers daily news briefs at TechMoran. She is the person who will probably read your press release and get the story out of it or totally trash it. Send tips to [email protected]

Related Posts

Cheerful young businessman in round spectacles and formal wear, checks newsfeed on modern smart phone, connected to wireless internet, has happy look as recieves positive news from colleagues
Startups

TransUnion partners SA’s financial marketplace, Fincheck, to make the credit application process easier and less frustrating

January 20, 2021
0
Startups

Autochek opens Accra office to bolster its customer acquisition efforts

January 20, 2021
0
Startups

Ghana’s Zeepay raises $940 000 seed capital from GOODsoil VC for expansion

January 20, 2021
0
Education

Nigeria’s uLesson raises $7.5m series A for expansion into Eastern & Southern Africa

January 19, 2021
0
Startups

This VC firm is Calling for Changes to Cut-and-paste VC Strategy In Africa

January 18, 2021
0
Startups

Tizeti rolls out high-speed 4G LTE in Edo with N4000/month broadband service

January 18, 2021
0
Startups

Copia Kenya hosts MIT Global Entrepreneurship Lab project 

January 18, 2021
0
Entrepreneurship

Adam Molai’s JUA Kickstarter Fund Doubles to $2M to Kickstart African Entrepreneurship

January 15, 2021
0

https://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoB
ADVERTISEMENT

Join our Mailing List

Loading

Recent Posts

Why Michelle Obama Is Trending On Twitter

January 20, 2021
Cheerful young businessman in round spectacles and formal wear, checks newsfeed on modern smart phone, connected to wireless internet, has happy look as recieves positive news from colleagues

TransUnion partners SA’s financial marketplace, Fincheck, to make the credit application process easier and less frustrating

January 20, 2021

Sophos Named Common Vulnerability and Exposure Numbering Authority 

January 20, 2021

Your Ultimate SEO Audit Checklist for 2021

January 20, 2021

Safaricom Will Allegedly Allow The National Intelligence To Illegally Forward Your Calls

January 20, 2021
">
">

Follow Us

">

There are many sites out there focused on blowing off some steam, from funny entertainment to thrilling experiences like playing online, in some cases online gaming could grant you the chance to win extra money. We came across rocketpot.io while browsing for a good btc casino online and it left us a very good impression with their wide variety of games and crypto offering.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

© 2019 Moran Media Group - All rights reserved TechMoran.

No Result
View All Result
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition

© 2019 Moran Media Group - All rights reserved TechMoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: