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.
The European Bank for Reconstruction and Development (EBRD) is injecting up to $40 million into SPE Capital’s newly launched SPE PEF III fund.
The Emerging Africa & Asia Infrastructure Fund (EAAIF), under the management of Ninety One, has committed $45 million in funding to CrossBoundary Energy.
British International Investment (BII), the UK’s development finance institution, has unveiled a $150 million trade facility with Absa Group.
© 2021 Empower Africa. All rights reserved.