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Eight African companies benefit from Suguba’s second investment programme

Business Reporter

BAMAKO – West-African empowerment platform Suguba is organizing its second investment readiness program in its Francophone Africa constituency in the region, meant to support the most promising start-ups in the digital sector in partnership.

Eight startups, have been selected for the programme, done in partnership with Mercy Corps and the French Development Agency (AFD) and they are mostly from Senegal and the Ivory Coast.

They are Bio-Agripol, a Senegalese start-up that provides participatory financing to individuals serving the agricultural value chain, Mousso, a Senegalese start-up that provides the necessary supplies via a mobile platform and allows a deferred payment with 0% interest, and Dothan, an Ivorian start-up company whose mission is to develop a financial management and support tool for African VSE/SMEs called KEIWA.

Also set to benefit are Eneza, an Ivorian EDTECH that provides educational content with the main objective of overcoming the obstacles related to access to quality education through digital technology in Côte d’Ivoire and the West African sub-region, CinetPay, an Ivorian fintech created in 2016, develops digital solutions for payment and money transfer, via mobile money, bank cards (Visa, Mastercard) and electronic wallets and Carfics, a French technology startup based in Montpellier and focused on Africa, helps companies to improve the operational and therefore economic performance of their strategic assets, particularly in the field of transport.

Shop Me Away, a Senegalese start-up, the new Airbnb of parcels platform which provides you with an address in the country you want to receive your packages and re-ship them to your home at a lower cost and Kamtar, an Ivorian start-up which operates in the transport sector while collecting and delivering your parcels where you want, involved in international convoys to Ghana, Benin, Nigeria, Guinea, Mali and Burkina, complete the list. They are .

L’Afrique Excelle, the Francophone adaptation of the World Bank XL Africa technology accelerator, was Suguba’s first acceleration program. Aimed at connecting francophone startups on the continent with mentors and investors, it ended in 2019. Afrique Excelle had enabled the first 10 French-speaking sub-Saharan African startups to raise funds for a total of about $10 million, making it a total success.

The entrepreneurs selected for Afrikhaliss will be trained and mentored by international and local experts in a tailor-made program to increase their brand visibility and give them access to potential partners and investors. 

Through its collaboration with leading investors, particularly in French-speaking Africa, Afrikhaliss will help the selected start-ups attract capital.

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 at 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 partners are the main investment funds and business angels active in Francophone Africa. 

Source: APO Group

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