Following the success of the MultiChoice Africa Accelerator Programme which debuted in South Africa last year and secured $16 million of funding for six emerging businesses, the promoters of the programme has launched its extension to Nigeria and seven other countries across Africa in 2023.
The other countries, whose technology-oriented Micro, Small and Medium Enterprises (MSMEs) are to benefit from the multi-million dollar funding support are Ivory Coast, Senegal, .Ghana, Kenya, Zambia, Angola and Ethiopia
With the planned expansion of the programme, which is an initiative of the MultiChoice Innovation Fund, in collaboration with Dubai-based business incubator Companies Creating Change (C3, many more small businesses in Africa’s technology sector now have the chance to benefit from the programme, which provides the skills and opportunities needed to attract transformative business funding.
Speaking on the latest move by the company to extend the Accelerator Programme to other countries, MultiChoice Group CEO, Calvo Mawela, said: “We’re really excited to be expanding the MultiChoice Africa Accelerator Programme to more African countries. It’s part of our long-term commitment to growing and multiplying Africa’s technology potential, which is critical to our future growth.
“There is such incredible business talent across Africa. MultiChoice Africa Accelerator is an opportunity for investors and small enterprise to collaborate to multiply the impact of this talent and scale it across Africa.
“We believe SMEs in the technology, sustainability and creative sectors will be fundamental to the next phase of Africa’s growth. The MultiChoice Africa Accelerator is geared to finding the most promising start-ups, and empowering them to play this critical role”, Mawela added.
The MultiChoice Africa Accelerator Programme, which kicked off during Global Entrepreneurship Week, is aimed at established start-ups and small enterprises in specific technology sectors – healthtech, agritech, fintech, edutech, the circular economy and the creative industries.
The Accelerator Programme which is aimed at established businesses that are already operating and looking to scale up by attracting further investment, equips emerging entrepreneurs to secure funding and scale up their businesses, and also provides opportunities to pitch to international investors.