Dear Early-Stage Investor,
We are thrilled to announce that the Catalytic Africa pilot has completed the application review process and we are now at the due diligence stage.
Our Francophone Africa nominee for the manual pilot, Cameroon Angel Network (CAN), selected the logistics startup Bee Sarl for the matching grant. Bee Sarl is registered under ActivSpaces, an Afrilabs-affiliated innovation hub in Cameroon.
Our Anglophone Africa nominee, South South-East Angel Network (SSEAN), nominated cloud-based business phone system provider Kasookoo (Yuave) for the matching grant. Kasookoo is registered under TechnoVision Communications (TVC) Labs, an Afrilabs-affiliated innovation hub in Nigeria.
Through Catalytic Africa, an ABAN-Afrilabs project sponsored by the AFD, we are increasing the pool of capital available to promising African growth-stage entrepreneurs, supporting startup ecosystems, mentoring incubation and innovation hubs and creating sustainable economic impact.
We look forward to completing the due diligence process and disbursing our first tranche of matching grants!
On behalf of the Catalytic Africa team,
Now is the time to invest in Africa