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

Start Up Start-ups

€65 M

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


The AFD Group recognises the important role of start-ups in developing innovative solutions that respond to local needs in developing and emerging countries.

These start-ups have significant potential in terms of job creation and impact on local economic development.

AFD and Proparco thus bring together capital, resources and business know-how to support African entrepreneurs and their entrepreneurial ecosystems.

Our financing solutions


Via our local fund partners


  • Proparco partners with a number of private equity funds that invest into African start-ups and SMEs in their early and growth phases. Through our fund partners, businesses can access capital, as well as benefit from local expertise, knowledge and training to support their development.

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


Directly by Proparco, on exception


  • Proparco can also invest directly into start-ups, looking to scale-up innovative business models with high developmental impact in Africa.  As a minority shareholder, our investment amounts range on average between €500 k to €3 M and we target successful companies in high-growth markets, with a demonstrable track record and proven business model.

Direct investments are highly-selective, and the exception to our core activity, which is to support the growth of private equity and venture capital funds that target SMEs and entrepreneurs in Africa.

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Our support and advisory solutions


Capacity-development and advisory services


  • The AFD Group is an active and long-term partner, combining financing with technical and strategic support. Local investment fund managers, as well as start-up and SME beneficiaries, can benefit from expertise on strategy, operations, improved environmental, social and governance standards, and leverage our local and global networks.


Supporting the development of local entrepreneurial ecosystems


  • AFD finances and supports local incubators and entrepreneurial structures on the African continent (for example, Afric’innov or AFIDBA – AFD for Inclusive & Digital Business in Africa).
  • Through its Investment Readiness Programme, it also seeks to accompany start-ups and SMEs with high-impact potential become investment ready, sustainable and scalable.

Consult the list below for our local incubator partners, to find out more about the services available (financing, mentoring, training, etc.)


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.


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 also 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.


An acceleration package for 5 African start-ups
  • Has your start-up got an innovative product or service that could help Africa’s development? Do you want to contribute to Africa’s digital transition?

Enter AFD’s Digital Challenge to benefit from mentoring, incubation, networking and funding for your project!

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


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
212Bond’innovIncubatorFrance,AfricaSupport, financing, co-working spaces, networking, etc.Innovative start-ups/SMEs (health, biotechnology, environment, etc.)
213SaboutecIncubatorGuineaSupport, co-working spaces, networking, etc.Start-ups in the ICT sector
214Cipmen NigerIncubatorNigerSupport, co-working spaces, networking, etc.Start-ups
215CTIC DakarIncubatorSenegalSupport, guidance, co-working spaces, networking, etc.Start-ups in the ICT sector
216La FabriqueIncubatorBurkina FasoSupport, co-working spaces, networking, etc.Social businesses
217EtriLabs BéninIncubator/AcceleratorBeninSupport, co-working spaces, networking, etc.Start-ups
218Innohub LimitedIncubator/AcceleratorGhanaSupport, co-working spaces, networking, etc.Start-ups
219La Fabrique - OugadougouIncubatorBurkina FasoSupport, co-working spaces, networking, etc.Social businesses
220MakeSense - DakarIncubatorSenegalSupport, training (design thinking, collective intelligence)SMEs/start-ups
221NUMA MarocIncubatorMoroccoSupport, co-working spaces, networking, etc.Start-ups
Partner TypeLocationWhat financing/services are available?

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