MultiChoice Africa Accelerator Programme expanded to 8 more countries

Following the success of the MultiChoice Africa Accelerator Programme which secured $16 million (USD) of funding for six emerging businesses last year, the programme has been expanded to eight more countries across Africa.

This is contained in a release dated Nov.23 and forwarded to P.M.NEWS by the multinational company.

The expansion implies that many more small businesses in Africa’s technology sector now have the chance to benefit from the 2023 programme which provides the skills and opportunities needed to attract transformative business funding.

“We’re really excited to be expanding the MultiChoice Africa Accelerator Programme to more African countries,” said Calvo Mawela, MultiChoice Group CEO, announcing the launch.

“It’s part of our long-term commitment to growing and multiplying Africa’s technology potential, which is critical to our future growth.

“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.

“There is such incredible business talent across Africa.

“MultiChoice Africa Accelerator is an opportunity for investors and small enterprises to collaborate to multiply the impact of this talent and scale it across Africa,” said Mawela.

Having started in South Africa in 2021, the MultiChoice Africa Accelerator is expanding to Ivory Coast, Senegal, Nigeria, Ghana, Kenya, Zambia, Angola and Ethiopia.

The initiative equips emerging entrepreneurs to secure funding and scale up their businesses, and also provides opportunities to pitch to international investors.

African Development Bank President Dr Akinwumi Adesina has previously noted that “the private sector is Africa’s growth accelerator”, and several African nations have backed small-business development as part of their economic strategy.

“The MultiChoice Africa Accelerator dovetails with these development objectives”, the company assured.

According to the release, the MultiChoice Africa Accelerator Programme is an initiative of the MultiChoice Innovation Fund, in collaboration with Dubai-based business incubator Companies Creating Change (C3) which gives entrepreneurs access to the tools, skills and financial support to grow their business.

It informed further that MultiChoice has partnered with EOH, a tech services company that will bring its expertise to the table, especially in terms of tech advisory, development sprint and technical support.

The first phase of the MultiChoice Africa Accelerator Programme sees public and private-sector partners in each country nominating businesses or entrepreneurs for the programme.

From there, 29 of the start-ups embark on an intensive virtual training course. The initiative is aimed at established businesses that are already operating and looking to scale up by attracting further investment.

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