This program aims to support the entrepreneurial spirit of its drivers, couriers, and their families by providing seed funding and mentorship for business ideas focused on sustainable transportation.
The company has pledged €20,000 (approximately Kshs 2.92 million) to fund innovative business plans that align with Bolt’s vision of creating sustainable African cities.
This vision prioritizes people’s well-being, environmental sustainability, and accessible mobility solutions.
Bolt is partnering with The Nest Innovation Park to provide mentorship and guidance to program participants.
“We’ve always seen ride-hailing and delivery as avenues for drivers and couriers to pursue entrepreneurial endeavors alongside their work,” said Caroline Wanjihia, Bolt’s Regional Director of Rides for Africa.
“This program takes it a step further, empowering them to make a positive impact on their communities.”
The Bolt Accelerator Program is open to Bolt drivers, couriers, their spouses, and children over 18.
The program will include training workshops on business development and mentorship sessions with experienced entrepreneurs.
Following a competitive selection process, 120 participants will be shortlisted for initial training. The top 20 will receive further mentorship and refine their business pitches.
Finally, on Business Pitch Day in June, the top 10 ideas will be chosen and awarded €2,000 (over Kshs 290,000) each in seed funding, along with ongoing mentorship support.
This program follows the success of a similar initiative launched in Nigeria in September 2023. With its expansion to Kenya, Bolt aims to empower local innovators to tackle urban mobility challenges and contribute to economic growth.
Those interested in applying can submit their ideas through the Bolt Accelerator Program portal – https://thenest.ng/boltkenya/
Payday (Techstars ’21), one of Africa’s leading Pan-African neobank, has raised $3 million in seed funding to drive the future of work for the continent.
BURN Manufacturing (BURN), a leading clean cookstove manufacturer, distributor, and carbon-offset project developer, has announced the issuance of Sub-Saharan Africa’s first-ever green bond designated for clean cooking financing of USD $10 Million.
The funding round saw participation from Capria Ventures, Angaza Capital , and Flatworld Partners, with existing investors like Global Ventures, Tencent, Ohara Pharmaceuticals, LCY Group, WTI, and AAIC | Asia Africa Investment & Consulting also taking part.
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