Digital Africa secures €130 million to support African startups

Launched in 2018, Digital Africa is an initiative created to support digital innovation in Africa. Designed as a label dedicated to supporting startups on the continent, Digital Africa is the result of the French government's financial commitment to the development of African ecosystems.

At the third edition of the Vivatech trade show, Emmanuel Macron announced a €65 million commitment through a specific instrument deployed by the French Development Agency via the Digital Africa platform to support startup projects. Today, Digital Africa has managed to double its financing capacity by obtaining €130 million in support from the French government.

This new fund will enable it to support project leaders on the continent and promote innovation, led in part by its vice president Kizito Okechukwu, successor to Karim Sy.

Read also: DIGITAL AFRICA sets new directions for reviving the African economy