The Baobab Network, a Nairobi-based accelerator and investment firm, has invested $50,000 into five promising African startups
The move significantly boosts the continent’s entrepreneurial ecosystem and reflects The Baobab Network’s commitment to supporting and nurturing innovative ventures across Africa. The Baobab Network, known for its focus on early-stage startups, provides selected entrepreneurs with mentorship, tailored training, and access to an extensive network of investors and industry experts.
By investing in these startups, The Baobab Network aims to foster their growth, enhance their market viability, and increase their chances of success. The five startups selected for investment demonstrate diverse solutions, addressing key challenges across various sectors.
The Malian industrial conglomerate Ibi Group, known for its work in aviation, renewable energies, and irrigation systems, has expanded its operations into the urban transport sector with the launch of a new subsidiary, Angata.
Ethiopia and the United Arab Emirates (UAE) have launched the “5 Million Ethiopian Coders” initiative.
Interswitch, a leading payments company in Nigeria, has partnered with Google Pay to bring the popular mobile payment service to Nigeria.
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