New African initiatives to drive additional investments

Viva Technology, the Conseil Présidentiel pour L’Afrique (CPA), and Seedstars Africa Ventures announced new public-private partnerships and private investments to support and promote  African and diaspora entrepreneurship.

These announcements are yet another illustration of the vibrant African entrepreneurship scene and the rising attractiveness of Africa’s tech innovations and economic growth.  

In a joint call, Vivatech, the CPA Coordinator Wilfrid Lauriano Do Rego, and Seedstars Africa Ventures also called on major corporations and institutional investors to build on this momentum and join their efforts to support Africa’s growing economies with new financing models.  

Today’s announcements directly echo the New Deal for Africa signed May 31 by leading African and  Global Heads of State, which stated entrepreneurship as Africa’s main asset and called for “African entrepreneurs’ [to] access financing by targeting their projects’ most crucial phases, particularly startup.” said Charles Michel, President of the European Council. 

“We need to further encourage the development of entrepreneurship in Africa, which is one of the keys to prepare the future for the continent’s youth. This is why we support the ecosystem with Pass Africa, proposed by the CPA and its partners. This new partnership with Seedstars Africa  Ventures is an important step in facilitating access to capital financing for today’s and tomorrow’s entrepreneurs. And through its commitment to the continent, Vivatech contributes to accelerating investment in African innovation, to serve growth.” Franck Riester, the French Minister Delegate for Foreign Trade and Economic  Attractiveness said

His counterpart from the State for the Digital Sector Cédric O. added that “the African tech industry is growing at a really fast pace in sectors such as financial services,  mobility, logistics or agritech. Though, stronger connexions between French and African entrepreneurs and investors need to be created in order to build a long-term cooperation. This is  why I wanted to bring my support to this important initiative, which is in line with goals of the CPA  announced by the French President in 2017.” Cédric O added

  

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