OceanHub Africa aims to support and nurture startups that aim to combat global warming, overexploitation, and pollution of the ocean.
Its accelerator program connects such startups with a network of highly qualified stakeholders and facilitators and provides them with sustainable pathways towards stable profits and scalable growth opportunities throughout Africa.
Six startups participated in its latest program: Kenya’s Kuza Freezer, Tanzania’s Healthy Seaweed Co, Reunion’s Reef Pulse, Egypt’s ReNile, Tunisia’s Tunisia Baits, and South Africa’s Akili.
The eight-month program focused on personal, product, and business development while preparing ventures for investment opportunities.
It concluded with an in-person boot camp in Cape Town earlier this month, where the six startups underwent a week of intensive training to accelerate their journey toward investor readiness and sustainable business growth.
On the final day of the boot camp, participating startups showcased their innovations and pitched for potential investments in front of a mock-investment panel.
The startups that participated in the boot camp were also allowed to network with potential investors, mentors, and partners.
South Africa’s Free State province is taking a major leap towards electric mobility with a $234 million investment in the world’s first network of solar-powered electric vehicle charging stations.
KCB Bank Kenya has received a significant financial boost from British International Investment (BII), securing a $100 million Tier 2 capital facility aimed at expanding lending to climate-related initiatives and women-owned businesses.
The state of B2B and end-to-end distribution in Africa is still in its early stages of development, but it is growing rapidly.
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