2022 AfriLabs Annual Report

67

2022: Connecting Africa’s ecosystem enablers to strengthen its innovation economy

Madica platform launch

Flourish Ventures, a global venture capital firm investing in mission-driven fintech entrepreneurs, announced the launch of affiliate Madica, a structured investment program for pre-seed stage technology companies in Africa. Over the next three years, Madica seeks to back 25-30 African entrepreneurs with up to $200,000 each, coupled with multi-year programmatic support.

“Ubuntu is why we are here, collaboration will reduce your weakness; learn from others and open doors of opportunities”.

PAUL MBUA Founder and CEO, Zixtech Hub

AfriLabs Partners Dinner

“AfriLabs has truly become an institution of innovation in Africa. Our value proposition has become even stronger”.

AfriLabs hosted its pioneer partners at a dinner to round up the 2022 AfriLabs Annual Gathering. An intimate dinner to appreciate our partners’ work with the organisation, receive feedback from their experiences working with AfriLabs and get recommendations that could be leveraged to better serve the ecosystem.

TAKUNDA CHINGONZO Former Board Member, AfriLabs

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