Fuzé, an investment facility by Digital Africa, is inviting early-stage startups operating in Francophone African countries to apply for up to EUR50,000 (US$48,000) in equity funding from its fund.
The Digital Africa initiative, a French government-backed organisation assisting African tech startups, was launched by President Emmanuel Macron in 2018.
Through Fuzé, which is currently open to startups from Rwanda, Morocco, Senegal, Ivory Coast and Tunisia but will soon be available across the whole of Francophone Africa, startups can access EUR20,000 (US$19,000) in funding followed by a EUR30,000 (US$29,000) SAFE investment.
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The facility is dedicated to entrepreneurs who are preparing or have just launched their tech startup, with startups required to be less than 18 months old. They must also be founded or co-founded by at least one citizen of French-speaking African countries, have a tech component in their product or business model, and have operations in a French-speaking African country.
Interested applicants should visit https://fuze.digital-africa.co for more details.
Kelechi Deca
Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry