20 African Start-ups Chosen for World Bank Group Tech Acceleration Programme
From March 24 to 30, entrepreneurs will have the opportunity to network and learn from leading industry experts, increase their regional visibility and network with potential corporate partners, with the convergence of twenty top Francophone African start-ups chosen for the World Bank programme.
L’Afrique Excelle’s start-ups specialise in tech solutions for the African market designed to expand reach and access to services.
L’Afrique Excelle is the francophone adaptation of the popular XL Africa program which seeks to foster a stronger connection between entrepreneurs in Anglophone and Francophone Africa, while providing support to those from less developed digital ecosystems, particularly in fragile countries such as the Central African Republic, the Democratic Republic of Congo, Liberia, Ivory Coast, Togo and Mali.
The L’Afrique Excelle residency in Mali is a full-week boot camp set to kick off the Francophone edition of the World Bank Group’s XL Africa, tech start-up accelerator.
The launch of L’Afrique Excelle coincides with several new ecosystem initiatives from the public and private sectors, including the French Development Agency’s Digital Africa initiative, the recently established Africa-focused investment funds extending their reach beyond Nigeria, Kenya, and South Africa in addition to the upcoming Francophone Africa Investor Summit (FAIS), a regional West Africa event designed to convene early-stage investors, large companies, and business-supporting organizations.
L’Afrique Excelle’s start-ups specialise in tech solutions for the African market designed to expand reach and access to services. These include fintech, transportation, healthcare, cleantech, data analytics and enterprise software. Companies in the program have their products or services currently available in one or more Francophone African markets, have strong revenues, and are well-positioned for growth and cross-border expansion.
During the Mali Residency, this cohort will benefit from training, individual consultations and peer-to-peer learning, The Residency will conclude with a venture showcase at the Francophone Africa Investor Summit.
A select 10 companies will advance to the France Residency in May 2019, where they will receive intensive training and mentoring at the camp with Sophia Business Angels, coaching by experts at Deloitte’s and Google’s offices, and get exposure to investors at the upcoming AfroBytes and VivaTech conferences to be held in Paris on May 15-18, 2019. With participation from Africa’s leading investment groups, L’Afrique Excelle will help these start-ups attract early stage capital between US$250,000 and US$5 million.
L’Afrique Excelle is powered by the World Bank Group and the Tubaniso Agribusiness and Innovation Center (TAIC) with financial assistance from the Italian Agency for Development Cooperation (AICS) and implemented by VC4A, Suguba and Sahel’Innov.
The selected start-ups participating in the event are:
StarNews Mobile: Media, Cameroon, Congo, Ivory Coast
Lifi Led: Cleantech, Ivory Coast, Burkina Faso, CAR, Liberia, Madagascar
GiftedMom: Healthtech, Cameroon, Ivory Coast
Paps: Logistics, Senegal, Burkina Faso, Ivory Coast
LONO: Cleantech, Ivory Coast
Tripafrique: Transport, Ivory Coast
Firefly Media: Adtech/Transport, Senegal
Solaris Offgrid: Fintech/SaaS, Solar, Benin, Burkina Faso, Senegal, Cameroon, Rwanda
Optimetriks: Retail Technology, Mali, Senegal, Niger, Ghana, Kenya
MaTontine: Fintech, Senegal, Ivory Coast
LAfricaMobile: Connectivity/SaaS/API, Senegal, Niger, Mali, Ivory Coast, Guinea, Burkina Faso
Ouicarry: Logistics, Senegal, Benin, Mali, Togo
Sudpay: Fintech, Senegal, Ivory Coast, Benin, Togo, Guinea
Exportunity GBC2: Fintech/Import/Export, Mauritius, Benin, Ivory Coast, Senegal, Togo
SmartOne: Big Data, Madagascar, Mauritius
CityTaps: Water & Sanitation, Niger, Senegal
Diool: Fintech, Cameroon
OniriQ: Cleantech/Offgrid Energy, Senegal
Eyone: Healthtech, Senegal, Ivory Coast, Mali, Niger
AmA: Fintech, Senegal