The Empower Africa Business Platform is Now Live !!!
The toolkit was developed following a comprehensive study aimed at identifying the practical needs for startups to successfully enter these key markets.
It focuses on critical sectors, including agriculture, education, financial services, health, and manufacturing.
The digital toolkit provides a range of outputs, tools, and guides tailored to support entrepreneurs navigating these diverse markets.
It has undergone validation through feedback sessions to ensure it effectively addresses entrepreneurs’ needs.
Additionally, the toolkit serves as a model for future initiatives aimed at expanding access to other markets across Africa.
Jordan Kyongo, Head of the East Africa Research and Innovation Hub at the British High Commission Nairobi, emphasized the importance of this initiative in easing market entry barriers for African entrepreneurs.
“This exercise was critical in understanding the requirements for entrepreneurs to enter different markets in the region. We are confident that this digital toolkit will be an instrument in growing Africa’s entrepreneurial ecosystem,” he stated.
The toolkit addresses challenges that entrepreneurs face across the continent, particularly regarding the complexity of regulatory requirements, certifications, and tariffs.
Entrepreneurs often need to navigate 55 different licensing systems across Africa, creating significant hurdles for market expansion. The toolkit seeks to simplify these processes, providing much-needed clarity and support.
Ghanaian energy technology startup Kofa has raised $8.1 million in a pre-Series A funding round aimed at scaling its battery-swapping network across cities in Africa.
Peach Payments, a leading South African digital payment service startup, has secured a $30 million funding deal led by Apis Growth Fund II and participation from Enza Capital.
Egyptian fintech startup MNZL has secured $3.5 million in seed funding to improve its technology and expand its operations.