Through Digital Africa, startups in Francophone Africa can apply for up to $48k in equity funding
Fuzé, an investment platform run by Digital Africa, is accepting applications from early-stage entrepreneurs operating in francophone African nations for equity capital of up to EUR50,000 (US $48,000)
President Emmanuel Macron introduced the Digital Africa project in 2018, a program funded by the French government that helps African tech firms.
Entrepreneurs can receive EUR 20,000 (US $19,000) in the capital followed by a EUR 30,000 (US $29,000) SAFE investment through Fuzé, which is now open to startups from Rwanda, Morocco, Senegal, the Ivory Coast, and Tunisia but will soon be available throughout the entirety of Francophone Africa.
The facility is intended for business owners who are about to launch or have just done so, and startups must be less than 18 months old. Additionally, they must have a tech component in their product or business strategy, have operations in a French-speaking African nation, and have at least one founder or cofounder who is a native of one of the continent’s French-speaking nations.
