The Empower Africa Business Platform is Now Live !!!
AfriLabs, the leading network of technology and innovation hubs in Africa, has announced the addition of 18 new hubs to its community.
This expansion brings the total number of hubs within the network to 496, spread across 261 cities in 53 African nations.
The newly admitted hubs represent a diverse range of regions and sectors, strengthening AfriLabs’ presence across the continent.
Notable additions include the SU LaunchLab in Stellenbosch, South Africa, marking AfriLabs’ first presence in the city.
Other notable additions include ScaleUp Namibia, OceanHub Africa, and the Graca Machel Trust’s Women Creating Wealth initiative in Southern Africa.
In North Africa, DigiArtLivingLab (DALL) has joined the network in Tunis and Nabeul, Tunisia, alongside Connect’Innov and The Dot.
Egypt has also welcomed PTS Investments Holdings and Aria Ventures to its network.
Western Africa has seen the addition of Mswitch in Abuja, Nigeria, while Eastern Africa has welcomed AFRICA TECH SPACE in Nakuru, Kenya; Owl Innovation Labs in Nairobi, Kenya; RLabs Tanzania in Iringa, Tanzania; and AfriFORTIFIED HUB in Kisumu, Kenya.
Central Africa has expanded its network with Ovation and KIVUTECH in Kinshasa and Bukavu, DRC, respectively; Revival Innovation Hub in Bua, Cameroon; and DIAMBILAY BUSINESS CENTER in Lubumbashi, DR Congo.
“We are thrilled to welcome these new hubs to our growing community,” said Mayssa Mrabet, AfriLabs director of community.
“Their unique perspectives and contributions will further strengthen our ability to drive innovation and entrepreneurship across the continent.”
French sustainable investment manager Mirova, an affiliate of Natixis Investment Managers, has announced a commitment of up to $10 million in senior secured debt to ARC Ride, an electric mobility company headquartered in Nairobi.
FSD Africa Investments (FSDAi), a UK-backed development finance investor, has announced a $12.5 million investment into the ARM-Harith Climate and Transition Infrastructure Fund (ACT Fund) to attract more local capital into climate-related infrastructure projects across Nigeria.
Yango Group, a global tech company, has launched a new venture fund called Yango Ventures to support early-stage startups in fast-growing regions.