Our solutions

Start Up Start-ups

IT Development _ In Action ©Backdrop Ltd (2)
© Backdrop/Proparco

SUPPORTING AFRICAN ENTREPRENEURS

AFD Group is convinced that start-ups play an essential role in developing innovative solutions that meet the needs of developing and emerging countries. They have real potential in terms of job creation and impacts on Africa’s development.

It is for this reason that AFD and PROPARCO combine financing, resources and their expertise to support African entrepreneurs and their entrepreneurial ecosystems.

 

Key figures

€

€65 M

committed to supporting African start-ups by 2022, in partnership with local partners

See and/or download documents

Lynk transforms the informal sector in Kenya
Lynk transforms the informal sector in Kenya
With Andela, the best developers are also trained in Africa
With Andela, the best developers are also trained in Africa
See more documents
See less documents

Our financing solutions

SEED FINANCING

The Digital Africa funds for start-ups at seed stage

  • Through the Digital Africa initiative, AFD assists the most vulnerable digital start-ups which are setting out on their entrepreneurial adventure. Through this program, AFD is seeking to achieve two objectives: improve access to seed financing by offering a wide range of tools and allow entrepreneurs to move on to a further stage in the development of their project
  • AFD works with 4 partners that are experts in supporting and financing digital innovation in Africa: the consortium made up of the African Business Angels Network (ABAN) and AfriLabs, the Greentec Capital Africa Foundation, the association Entrepreneurs & Développement, which draws on the capacities of the Investisseurs & Partenaires group, and the Mercy Corps Europe – Suguba consortium. Their field of action covers 45 countries.

VENTURE CAPITAL INVESTMENT

Via local partner funds

Picto

  • PROPARCO and FISEA also support venture capital funds that invest in African start-ups and SMEs in the early and growth stages. Through local partner funds, start-ups can access equity financing and benefit from local expertise, knowledge and training to continue their development.

If you are an entrepreneur looking for local investors, please contact directly our local partners.

VENTURE CAPITAL INVESTMENT

Direct investments by PROPARCO or FISEA

Picto

  • PROPARCO has a team dedicated to equity financing for start-ups seeking to market the innovative solutions they have developed on a larger scale. The average amount of the investments allocated ranges between €500,000 and €3 million. They target companies with a track record of conclusive results, a renowned management team and with strong development ambitions. FISEA invests in start-ups at the seed or pre-Series A fundraising stage to complete a funding round allowing start-ups to set up in business. It can also subsequently participate in the following seed or pre-Series A fundraising for the investee start-ups.
© Backdrop for Proparco

Our support and advisory solutions

TECHNICAL AND STRATEGIC ASSISTANCE

Capacity building and advisory services

Picto

AFD Group is an active long-term partner, combining financing and technical and strategic assistance.

In addition to assisting with general business needs, PROPARCO can also provide targeted support to address the main challenges encountered by start-ups when they scale up. This support mainly targets start-ups financed by AFD Group via PROPARCO & FISEA and addresses the following issues:

  • The strong need to structure and build the expertise of these companies in a hyper-growth phase (governance, HR structuring, retaining and attracting talent, implementation of management systems…),
  • Intensive support for managers for growth management,
  • Market consolidation and development (geographical expansion and product diversification).

AFRICAN INCUBATORS, ACCELERATORS AND HUBS

Supporting the development of local entrepreneurial ecosystems

Picto

  • AFD supports structures that encourage innovation and entrepreneurship, such as incubators, accelerators and hubs, via capacity building and technical assistance programs. This support is provided via the Afric’Innov and AfriLabs programs.
  • This mechanism is complementary to the AFIDBA (AFD for Inclusive & Digital Business in Africa) project which supports and finances incubators. The aim is to develop services to strengthen African start-ups with a digital dimension and impact in order to contribute to their scaling up.

Consult the list below to see the local partner incubators and find out more about the services available (financing, mentoring, training, etc.)

SOCIAL AND INCLUSIVE BUSINESS CAMP

Acceleration programme for African entrepreneurs

  • A programme that provides high social impact entrepreneurs in Africa with the springboard that they need to accelerate and scale-up their projects. The SIB Camp brings together a community of 60 African entrepreneurs to engage with experts, receive mentoring, work on concrete scaling-up solutions, share experiences, network, etc
  • After being imagined and incubated by the AFD Campus du Développement, the SIBC will be piloted over the next three years by I&P Conseil and its partners – African Management Institute, ScaleChanger and StartupBRICS – to accelerate its deployment, particularly in Africa.

THE DIGITAL AFRICA INITIATIVE

Supporting digital innovation in Africa

  • The initiative is led by the Digital Africa Association, a consortium of public and private actors (including AFD) active in the field of innovation and entrepreneurship in Africa. It is an online platform where entrepreneurs, investors and innovation facilitators can meet, exchange, collaborate and share resources to strengthen collaborative dynamics in their respective sectors and communities.
  • It is also the endorsement of a seed funds from AFD operated by 4 local partners in Africa.

AFD DIGITAL CHALLENGE

Competition for digital start-ups in Africa
  • The AFD Digital Challenge is an annual competition which rewards five to ten start-ups that have developed innovative solutions for Africa. They receive a EUR 20,000 award and a year of support to continue and implement their project.
© Backdrop for Proparco

OUR EMBLEMATIC PROJECTS

Explore the map to discover some of the start-ups, venture capital funds and entrepreneurial structures that the AFD Group supports in Africa.

Country

Investment type

Our local partners

 

To find our venture capital fund and incubator partners closest to you, please select your location.

wdt_IDName of partnerPartner typeLocationwhat financing/services are available ?Eligible companiesContact
1ABANBusiness angels networkNigeria, Cameroon, Côte d'Ivoire, Egypt, Kenya, Algeria, Madagascar, Morocco, Senegal, Uganda, South Africa, Mauritius, Tunisia, Ghana, Chad, Ethiopia, Mozambique, Democratic Republic of Congo, Liberia, Botswana, Namibia, Gabon, Malawi, Gambia, Benin, Mali, Burkina Faso, Republic of CongoSeed financing, mentoringStart-ups techhttps://abanangels.org/
2Accion Quona Inclusion FundVenture capital FundEgypte, Kenya, Nigeria, Afrique du NordFinancial servicesFintech startups and MSMEshttps://quona.com/
3Accion Venture LabsPrivate Equity FundsSouth Africa, Algeria, Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Comoros, Congo, Democratic Republic of Congo, Côte d'Ivoire, Djibouti, Egypt, Eritrea, Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea-Bissau, Equatorial Guinea, Kenya, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Morocco, Mauritius, Mauritania, Mozambique, Namibia, Niger, Nigeria, Uganda, Rwanda, São Tomé and -Prince, Senegal, Seychelles, Sierra Leone, Somalia, Sudan, South Sudan, Swaziland, Tanzania, Chad, Togo, Tunisia, Zambia, ZimbabweEarly stage investment 200 - $500KFintech Startuphttps://www.accion.org/how-we-work/invest/accion-venture-lab
4AfkarIncubatorTunisiaSupport, co-working spaces, networking, etc.Start-upshttps://afkar.co/
5AfriLabsIncubator/AcceleratorCameroon, Chad, Democratic Republic of Congo, Côte d'Ivoire/ Ivory Coast, Benin, Burkina Faso, Gabon, Gambia, Ghana, Guinea, Liberia, Mali, Nigeria, Senegal, Sierra Leone, Togo, Niger, Dijbouti, Ethiopia, Kenya, Mauritius, Rwanda, Somalia, Somaliland, Tanzania, Uganda, Burundi, Malawi, Madagascar, South Africa, Zambia, Zimbabwe, Angola, Mozambique, Lesotho, Algeria, Egypt, Morocco, Sudan, Tunisia, CongoSupport, co-working spaces, networking, etc.Start-ups techhttps://www.afrilabs.com/
6Agence d'encadrement et de développement des PMENon-bank financial institutionSenegalFinancing, support, networking, etc.SMEs and startupshttps://adepme.sn/
7Arrawaj FoundationMicrofinanceMoroccoFinancing solutionsSMEs and startuphttps://www.fondation-arrawaj.ma/
8Association Entrepreneurs & DéveloppementPrivate Equity FundsSénégal, Côte d'Ivoire/ Ivory Coast, Madagascar, Burkina Faso, Niger, Cameroon, GhanaSeed financing, technical supportStart-ups techhttp://www.ietp.com/fr
9Bond’innovIncubatorFrance,AfricaSupport, financing, co-working spaces, networking, etc.Innovative start-ups/SMEs (health, biotechnology, environment, etc.)https://www.bondinnov.com/
10Carthage Business Angels (CBA)Business angels networkTunisiaSupport, networking, etc.Start-upshttp://www.cba.tn
Partner typeLocationwhat financing/services are available ?

Our news

Mid-Term Review of the Choose Africa initiative

Read more
December 15 2020

Proparco and Bpifrance launch Averroès Africa, their new fund of...

Read more
October 8 2020

Proparco supports fintech startups in developing countries

Read more
September 4 2019

Proparco invests in the development of start-ups in North Africa

Read more
December 9 2018

Digital Africa: supporting the entrepreneurial ecosystem in Africa

Read more
November 19 2018

Lynk, a young start-up transforming the informal sector in Kenya

Read more
June 1 2018

JUMO : banking services in the palm of your hand

Read more
June 1 2018

Andela and the developers from the Silicon Savanah

Read more
May 16 2018