• Latest
  • All
  • How To
Microsoft, Venture Capital Investors To Pump $500 Million Into Africa’s Startup Ecosystem

Microsoft, Venture Capital Investors To Pump $500 Million Into Africa’s Startup Ecosystem

March 3, 2022
Neon Phones: Consistent Market Share Decline Since Local Assembly Launch

Kenyans Ditch Neon Smartphones Since Launch of Local Assembly Plant

July 17, 2025
chatgpt

ChatGPT Record Mode Now Available on MacOS for Plus Users

July 17, 2025
Malware

Malware in Disguise: How Hackers Are Using DNS to Slip Past Defenses

July 17, 2025
samsung one ui 8

Samsung Retains Top Spot in Q2 Global Sales Despite Industry’s Slow Growth

July 17, 2025
DHgate Tablet Cases deals
Mercedes-Benz

Mercedes-Benz Brings Microsoft Teams Video Calls to Cars

July 17, 2025
Safaricom Home Fiber

Six-Year Flaw in the Safaricom Home Fiber System Finally Patched

July 17, 2025
Betting Selfie and ID rules

Betting Rules Now Require Selfie and ID to Prove Identity

July 17, 2025
DuckDuckGo

DuckDuckGo Outage Hits Millions of Users

July 16, 2025
Copilot Vision

Windows 11 Is Testing Full Desktop Sharing with Copilot Vision

July 16, 2025
Revealed: The Hidden Formula Behind Kenya Power Token Variations

Revealed: The Hidden Formula Behind Kenya Power Token Variations

July 16, 2025
Meta's Facebook

New Facebook Rules Will Penalize Reposts and Low-Effort Content

July 16, 2025
Bonga Points

Safaricom Suffers Court Setback Over Bonga Points Expiry Ban

July 15, 2025
Techweez | Tech News, Reviews, Deals, Tips and How To
  • News
  • Entertainment
  • Reviews
  • Features
  • Editorial
No Result
View All Result
Techweez | Tech News, Reviews, Deals, Tips and How To
  • News
  • Entertainment
  • Reviews
  • Features
  • Editorial
No Result
View All Result
Techweez | Tech News, Reviews, Deals, Tips and How To
No Result
View All Result

Microsoft, Venture Capital Investors To Pump $500 Million Into Africa’s Startup Ecosystem

Kenn Abuya by Kenn Abuya
March 3, 2022
in News
Reading Time: 2 mins read
256
0

Microsoft has announced new initiatives to accelerate the growth of 10,000 African start-ups and fast-track investment in Africa’s start-up ecosystem over the next five years. 

The development is based on the remit of its recently established Africa Transformation Office, ATO.

Just recently, the technology giant launched a global Founders Hub, which is now available to African startups via ATO.

Specifically, the Hub is a self-service platform that provides startups with a wide range of resources such as access to mentors, skilling content and access to Microsoft Azure, to mention a few.

Microsoft is also creating new partnerships with accelerators and incubators across Africa, including Grindstone, Greenhouse, FlapMax and Seedstars to provide industry-based start-ups with access to markets, technical skills, and funding opportunities. These partnerships will provide Africa start-ups with access to skilling programs, access to markets, including opportunities to co-sell with Microsoft, and access to technology, with support from Microsoft’s engineering and product teams for co-innovation opportunities. 

To enable start-ups to rapidly scale using investment funding, Microsoft is establishing industry alliances and partnerships with venture capital investors that will facilitate access to $500 million in potential funding for African start-ups.

This funding will come from a network of venture capital investors, who will dedicate a portion of their financial support to start-ups in the Microsoft network.

Microsoft has already established partnerships with several key venture capital investors, including Banque Misr, Global Venture Capital and Get Funded Africa, and the intention is to grow this network of venture capital investors in the next five years to increase funding and enable them to scale up and drive economic growth.

Investments into Africa’s startup ecosystem are growing at an exciting pace. According to the Organisation for Economic Co-operation and Development (OECD), there are more than 640 active tech hubs across Africa, accelerating innovation and creating employment, particularly among the youth,” says Wael Elkabbany, Managing Director, Microsoft Africa Transformation Office. 

“However,” Elkabbany points out, “currently the African startup market represents less than one percent of total investments worldwide. This needs to change.”

Tags: Microsoft
SendShare146Tweet92
Kenn Abuya

Kenn Abuya

Kenn Abuya is a friend of technology, with bias in enterprise and mobile tech. Share your thoughts, tips and hate mail at [email protected]

Related Posts

Mercedes-Benz

Mercedes-Benz Brings Microsoft Teams Video Calls to Cars

July 17, 2025
Copilot Vision

Windows 11 Is Testing Full Desktop Sharing with Copilot Vision

July 16, 2025
Microsoft Edge browser

Microsoft Makes Edge 40% Faster in a Bid to Lure Chrome Users

July 8, 2025
Microsoft

Laid-Off Microsoft Workers Told to Ask ChatGPT for Career Support

July 7, 2025
Windows

Windows Loses Ground as Users Switch to Mac, Linux, and Mobile

July 7, 2025
Microsoft

Microsoft Slashes 9,100 Jobs in Biggest Layoffs Since 2023

July 4, 2025

Latest

Neon Phones: Consistent Market Share Decline Since Local Assembly Launch

Kenyans Ditch Neon Smartphones Since Launch of Local Assembly Plant

July 17, 2025
chatgpt

ChatGPT Record Mode Now Available on MacOS for Plus Users

July 17, 2025
Malware

Malware in Disguise: How Hackers Are Using DNS to Slip Past Defenses

July 17, 2025
samsung one ui 8

Samsung Retains Top Spot in Q2 Global Sales Despite Industry’s Slow Growth

July 17, 2025
Mercedes-Benz

Mercedes-Benz Brings Microsoft Teams Video Calls to Cars

July 17, 2025
Safaricom Home Fiber

Six-Year Flaw in the Safaricom Home Fiber System Finally Patched

July 17, 2025

Best devices

budget smartwatches 2025

Best Budget Smartwatches To Buy in Kenya 2025

February 13, 2025

Best Infinix Smartphones To Buy in Kenya 2024

February 13, 2025

Best Laptops for Battery Life in 2024

August 21, 2024

Best “Battery Warrior” Smartphones To Buy in 2024

August 22, 2024

Kenyans Ditch Neon Smartphones Since Launch of Local Assembly Plant

July 17, 2025

ChatGPT Record Mode Now Available on MacOS for Plus Users

July 17, 2025

Techweez is a fast growing influential source of technology news, reviews and analysis by leading tech geeks in the industry.

Follow Us

Editorials

Abductions and Arrests! Kenyan Government’s Fear and Hate of X Users Makes No Sense

Actors and Film Crews Are Worried About Veo 3 Taking Their Jobs

Samsung QLED TVs Now Officially Certified for Real Quantum Dot Technology

Trump’s Tariffs Will Be the End of Affordable Tech

5 Ways to Prep Your Tech for Resale

The Weaponization of PDFs: How Cybercriminals Are Exploiting a Trusted Format

More News

Betting Rules Now Require Selfie and ID to Prove Identity

DuckDuckGo Outage Hits Millions of Users

Windows 11 Is Testing Full Desktop Sharing with Copilot Vision

Revealed: The Hidden Formula Behind Kenya Power Token Variations

New Facebook Rules Will Penalize Reposts and Low-Effort Content

Safaricom Suffers Court Setback Over Bonga Points Expiry Ban

  • Terms Of Use
  • Techweez Brand
  • Privacy & Policy
  • Contact Us

© 2024 Techweez - Palahala Media Group may earn a commission when you buy through links on our sites.
A Palahala Media Group Brand. All rights reserved.
.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Techweez | Tech News, Reviews, Deals, Tips and How To
Crunchy Cookies 🍪 Ahead!

Hey there! Just a heads-up: we're big fans of cookies - both the digital and edible kind! 🍪 We use our cookies and some from third parties to ensure your browsing experience on our site is smooth sailing and secure.

 

But wait, there's more! We also use cookies to gather stats and insights on how you navigate our site. It's like getting a behind-the-scenes peek at your digital adventures!

 

Don't worry, you're in control. You can adjust your cookie settings anytime to suit your preferences. Feeling curious? Dive into our Privacy Policy for all the juicy details. Happy browsing! 🚀

Functional Always active
Listen, this legal stuff is about as exciting as watching paint dry. But it basically says we only use your stuff for what you asked us to do, and nobody else gets to peek!
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
It's those sneaky cookie crumbs websites leave behind to count visitors, like counting ants at a picnic! Totally harmless, just for fun facts. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
Hey there! Just letting you know we use some fancy gizmos to remember your preferences. This way, we can show you ads that are, well, not completely bananas.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
Make cookies
{title} {title} {title}
Techweez | Tech News, Reviews, Deals, Tips and How To
Crunchy Cookies 🍪 Ahead!
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
Listen, this legal stuff is about as exciting as watching paint dry. But it basically says we only use your stuff for what you asked us to do, and nobody else gets to peek!
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
It's those sneaky cookie crumbs websites leave behind to count visitors, like counting ants at a picnic! Totally harmless, just for fun facts. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
Hey there! Just letting you know we use some fancy gizmos to remember your preferences. This way, we can show you ads that are, well, not completely bananas.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
Make cookies
{title} {title} {title}
No Result
View All Result
  • News
  • Reviews
  • Features
  • Editorial
  • Automotive
  • Entertainment

© 2024 Techweez - Palahala Media Group may earn a commission when you buy through links on our sites.
A Palahala Media Group Brand. All rights reserved.
.