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African Development Bank, Mastercard Launch Alliance to Bridge Digital Divide in Africa

Key Developments

African Development Bank, Mastercard Launch Alliance to Bridge Digital Divide in Africa

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A new alliance aims to bridge the digital divide for millions in Africa.

The Mastercard and African Development Bank Group (AfDB) launched the “Mobilizing Access to the Digital Economy (MADE) Alliance: Africa” today. Over the next decade, the alliance aims to provide digital access for 100 million individuals and businesses across the continent.

The alliance initially prioritizes the agricultural sector and women’s empowerment.

This year, a pilot program will support three million farmers in Kenya, Tanzania, and Nigeria.

Working with local banks, the program will provide digital identities and access to high-quality seeds and agricultural supplies. The alliance plans to expand to Uganda, Ethiopia, and Ghana in the future.

“Mastercard’s leadership in the MADE Alliance: Africa aims to bring critical digital services to more people,” said Michael Miebach, CEO of Mastercard. “We see Africa’s potential for growth, and this alliance is our way to contribute.”

The alliance leverages each partner’s strengths. The AfDB will invest $300 million in digital infrastructure and incentivize participation.

Mastercard will register 15 million users on its Community Pass platform within five years, creating an interoperable system for various participants.

Launched in 2020, Community Pass connects underserved communities to essential services.

“The AfDB believes Mastercard’s Community Pass can revolutionize agricultural technology adoption in Africa,” said Dr. Akinwumi A. Adesina, President of the African Development Bank Group.

“This alliance expands our reach and impact in building sustainable food systems.”

The MADE Alliance: Africa aligns with the U.S. Digital Transformation with Africa Initiative and the African Union’s Digital Transformation Strategy. The alliance launch took place during the U.S.-Africa Business Forum.

More than six organizations, including Equity Bank, Microsoft, and Heifer International, have joined the MADE Alliance: Africa at launch.

The alliance is co-chaired by the African Development Bank Group and Mastercard.

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iHub Selects 12 EdTech Startups for Mastercard Fellowship Programme

Key Developments

iHub Selects 12 EdTech Startups for Mastercard Fellowship Programme

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iHub, a leading Kenyan incubator, has announced the twelve startups chosen for the second edition of the Mastercard Foundation Ed-Tech Fellowship Programme in Kenya.
This program equips selected education technology ventures with funding and mentorship opportunities.

The initiative is part of a broader Mastercard Foundation Ed-Tech Fellowship Programme launched in 2023.
 
Co-Creation Hub (CcHub), which owns iHub, partnered with the Mastercard Foundation to establish a US$15 million accelerator program focused on ed-tech innovation in Kenya and Nigeria.
 
A similar program is being run by Injini in South Africa.

Following a successful first cohort in Kenya last year, iHub has selected twelve new ventures for the Mastercard Foundation Ed-Tech Fellowship Programme.

The 12 Startups include:

  • Dals Learning: Provides interactive and comprehensive digital educational content for learners.
  • Fundis: Empowers artisans by enabling them to showcase their work, get assessed, and access continuous learning and job-matching opportunities.
  • Soma Siri Afrika: Offers an innovative learning experience that combines psychology, artificial intelligence, and data analysis.
  • Uptyke: Provides a variety of accessible digital educational content for K-12 students.
  • eKitabu: Develops early-grade reading materials in Kenyan Sign Language.
  • Kuze.ai: Uses artificial intelligence to create personalized learning experiences.
  • Ultratude Tech: Offers a school management system.
  • SomaChat: Transforms the learning experience for Kenyan students through AI-powered educational tools.
  • NABU: Provides culturally relevant, mother-tongue learning resources aligned with the curriculum.
  • Esoma Solutions: Offers an online learning platform with adaptive learning paths to improve Foundational Literacy and Numeracy (FLN) for teachers and students.
  • Kurasa: Enhances teaching and learning in K-12 education through innovative tools.
  • Recess: Revolutionizes school management with personalized educational content, fostering student engagement and improving communication between educators and parents.

“We are excited about the potential of these startups to revolutionize education technology in the region,” said Nissi Madu, managing partner at iHub Kenya.
 
 “Following the success of the first cohort, we believe this new group has the potential to significantly improve learning outcomes for Kenyan students.”

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Orange Ventures and Digital Africa Join Forces to Invest in African Startups

New Investments

Orange Ventures and Digital Africa Join Forces to Invest in African Startups

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Orange Ventures, the investment arm of Orange Group, and Digital Africa, a pan-African organization fostering digital entrepreneurship, have announced a new co-investment initiative for startups emerging from the “Orange Digital Centres” network.
 
Orange Digital Centres act as hubs for innovation across 17 African and Middle Eastern countries, as well as eight European nations.
 
These centers offer a comprehensive ecosystem of free programs, encompassing digital training for youth, startup incubation and acceleration services, and crucial support for project leaders.
 
This holistic approach aims to empower entrepreneurs and fuel regional innovation.

Digital Africa already manages the Fuzé investment facility, specifically targeting early-stage startups in French-speaking African countries.
 
Fuzé offers equity funding opportunities of up to EUR 50,000 to promising ventures.

The partnership agreement, signed at Vivatech by Fayçal Adlouni, Managing Partner of Orange Ventures, and Grégoire de Padirac, CEO of Digital Africa, signifies a commitment to accelerate support for African startups nurtured within the Orange Digital Centre network.

“The Orange Group is fully dedicated to cultivating the next generation of tech leaders across Africa and the Middle East,” stated Adlouni.
 
“This collaboration between Orange Middle East and Africa, Orange Ventures, and Digital Africa allows us to strategically combine resources and create a thriving environment for startups to flourish in these regions.”

Aspiring startups interested in this new initiative are encouraged to explore the websites of Orange Ventures, Orange Digital Centre, and Digital Africa.

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