AfriLabs and Korea-Africa Foundation Establish Strategic Partnership to Propel Innovation and Economic Prosperity Across Both Regions.
AfriLabs and Korea-Africa Foundation Establish Strategic Partnership to Propel Innovation and Economic Prosperity Across Both Regions AfriLabs, the largest network of technology and innovation hubs in Africa, has signed a Memorandum of Understanding (MOU) with the Korea-Africa Foundation (KAF). This strategic partnership marks a significant leap forward in AfriLabs’ mission to drive innovation and economic growth across the continent. The collaboration aims to bridge the gap between Korean and African startups by leveraging each other’s expertise and resources. This will be achieved through the exchange of insights on youth development, the launch of joint research initiatives, and the fostering of a dynamic ecosystem that cultivates talent and entrepreneurial spirit in both regions. Anna Ekeledo, Executive Director of AfriLabs, expressed her excitement about the partnership, “At AfriLabs, we are dedicated to unlocking Africa’s full potential and generating wealth through strategic alliances. This partnership with the Korea-Africa Foundation unlocks a treasure trove of opportunities for startups, granting them access to a global network, invaluable resources, and unparalleled industry knowledge. Together, we will empower the next generation of African innovators and entrepreneurs, paving the way for sustainable development and a thriving economy.” This partnership is a testament to the power of strategic alliances in driving positive change and economic growth. As AfriLabs and the Korea-Africa Foundation embark on this exciting journey, they invite stakeholders, investors, and innovators to join them in shaping a brighter future for Africa and beyond. About AfriLabs AfriLabs is the largest network of technology and innovation hubs across Africa, driving the growth of Africa’s innovation ecosystem. With a mission to support the development of the African technology and innovation ecosystem, AfriLabs connects hubs and other stakeholders to facilitate collaboration, resource sharing, and knowledge transfer. About Korea-Africa Foundation KAF aims to serve as a platform for collaboration between the private and public sectors, strengthen exchange and cooperation with African countries and enhance mutual understanding so that Korean youth, businesses and organizations can explore a new dimension of possibilities together with the African continent that is dynamically unfolding its boundless potential. For media inquiries, please contact pr@afrilabs.com & comms@afrilabs.com. For more information about AfriLabs and its programs, please visit www.afrilabs.com.
AfriLabs and UM6P Ventures Announce their collaboration to Foster Innovation and Support for Startups Across Africa
AfriLabs and UM6P Ventures Announce their collaboration to Foster Innovation and Support for Startups Across Africa Marrakech, June 5th 2024 – AfriLabs, the largest network of technology and innovation hubs across Africa, and UM6P Ventures, that aims to advance entrepreneurship and accelerate scientific innovation in Morocco and Africa, announced the signing of a memorandum of understanding (MOU). This synergy ambitions to empower startups within the UM6P ecosystem, foster co-innovation projects, and propel Africa’s innovation landscape forward. The signing ceremony was held at the GITEX Africa event, which took place in Marrakech, Morocco from May 29th to 31st. This marks the beginning of a one-year collaboration that aligns with each organization’s mission to stimulate economic growth and foster innovation across the continent. Through this MOU, AfriLabs, and UM6P Ventures will collaborate on several key initiatives aimed at advancing scientific innovation and entrepreneurship in Africa. They will provide comprehensive support for startups within the UM6P ecosystem, including mentorship, resources, and access to AfriLabs’ extensive network of over 450 technology innovation hubs across 53 African countries. Additionally, the AfriLabs Connect Deal Room (ACDR) initiative will open up a pipeline of de-risked and investible startups within the AfriLabs network to UM6P Ventures, facilitating further investment opportunities. Through this collaboration, UM6P Ventures will leverage UM6P’s infrastructure, expertise, and talent to strengthen the African startup ecosystem. The collaboration will also engage in co-innovation projects that address local and regional challenges, leveraging UM6P’s research and development capabilities alongside AfriLabs’ entrepreneurial ecosystem. Furthermore, they will explore the potential launch of UM6P courses tailored for the AfriLabs Academy audience, enhancing educational offerings and skill development across the continent. On this occasion, Mayssa Mrabet, Director of Community at AfriLabs reflected on this initiative saying : “We are thrilled to partner with UM6P and UM6P Ventures to drive innovation and entrepreneurship in Africa. This collaboration aligns with our vision of building a vibrant community around tech hubs and stimulating economic growth through digital innovation.” Yassine Laghzioui, CEO of UM6P Ventures, stated: “This partnership underscores UM6P Ventures’ dedication to driving innovation and entrepreneurship across the continent. By combining our resources and expertise, we are poised to significantly impact the African startup ecosystem. Together, we aim to tackle the distinct challenges faced by our communities, contributing to sustainable development and economic growth in Africa, through innovative solutions.” About AfriLabs AfriLabs is the largest network of technology and innovation hubs across Africa, driving the growth of Africa’s innovation ecosystem. With a mission to support the development of the African technology and innovation ecosystem, AfriLabs connects hubs and other stakeholders to facilitate collaboration, resource sharing, and knowledge transfer. About UM6P University Mohammed VI Polytechnic (UM6P) is a Moroccan university focusing on developing solutions to specific continental and more broadly global challenges. UM6P is oriented towards education and research, with strong links to industry, business, and innovation. The university commits itself to empowering a new generation of talents that will build and lead the future of Africa. About UM6P Ventures UM6P Ventures is the investment arm of University Mohammed VI Polytechnic, founded as a vehicle for the university to advance entrepreneurship and accelerate scientific innovation in Morocco and Africa. It is an early-stage ventures firm investing in Deeptech Ventures and Digital Transformation. UM6P Ventures provides Deeptech Ventures with capital and advanced talent sourcing, subject domain expertise, and the ability to access specialized equipment and infrastructure. UM6P Ventures has a robust ecosystem and an investment portfolio actively invested in Agriculture, Chemicals, GreenTech and Healthtech. Visit: https://um6pventures.com For more information about AfriLabs, visit www.afrilabs.com and to learn more about UM6P, visit www.um6p.ma For media inquiries, please contact pr@afrilabs.com & comms@afrilabs.com & Communication@um6p.ma
Intel AI Programme for African DeepTech Startups & Ecosystem Stakeholders Concludes Successfully in Kenya
Intel AI Programme for African DeepTech Startups & Ecosystem Stakeholders Concludes Successfully in Kenya AfriLabs, in collaboration with Intel successfully concluded a three-day event dedicated to the advancement of DeepTech and AI ecosystems in Africa. Held from May 28 to May 30, 2024, at Sankara Hotel in Nairobi, the event brought together government officials, ecosystem stakeholders, AI startups, developers, and representatives from research institutions. The event commenced on May 28 with the formal recognition of the diverse group of attendees, setting a collaborative tone for the discussions to follow. Opening remarks were delivered by prominent figures including Mr. David Ogiga, Board Member of AfriLabs; Mr. John OMO, Secretary General of the African Telecommunications Union; Mrs. Lisa Walker, Managing Director for Africa Operations at Prosper Africa; and Dr. Bienvenu Agbokponto Soglo from Intel. Their speeches underscored the critical role of AI and DeepTech in driving socio-economic development in Africa. A panel discussion titled “Challenges and Opportunities of DeepTech in Africa/Kenya – Socio Economic and Policy Implications” featured insights from industry leaders such as Mr. Olutomi Olutola, Senior Connectivity and Digital Advisor at USAID Africa; Dr Isabelle Kandagor, representing the Director General of the Communications Authority of Kenya; Mr. Michael Mutiga, Chief Business Development & Strategy Officer at Safaricom; and Dr. Bienvenu Agbokponto Soglo from Intel. Moderated by Susan Mbogo of Intel, the discussion explored the multifaceted landscape of DeepTech in Africa. Following a brief photo session and coffee break, the event was preceded with an AI Policy Roundtable. This session featured Dr Isabelle Kandagor, representing the Director General of the Communications Authority of Kenya; Mr. Savio Wambugu, Chairman of the Association of Countrywide Innovation Hubs; Dr. Samuel Ruhiu, Lecturer at the University of Nairobi; and Mr. Mario Romao, AI Policy Director at Intel. Moderated by Dr. Bienvenu Agbokponto Soglo, the roundtable addressed the regulatory and ethical considerations essential for fostering AI innovation in Africa. The first day concluded with a Q&A session, providing a platform for attendees to engage with the experts and get clarity. The second day, focused on AI startups, developers, and community hubs. Prof. Emmanuel Mutisya, PhD, Chairperson of the Global e-Schools and Communities Initiative and Board Chair of the Kenya Advanced Institute of Science and Technology (Kenya-AIST), delivered opening remarks emphasizing the importance of academic and industry collaboration in advancing AI. Ralph de Wargny from Intel introduced the Intel® Liftoff for AI Startups Program, followed by Nathan Reddy’s presentation on the Intel Developer Cloud, highlighting the resources available for AI development. Stephana from Intel presented the Intel OneAPI initiative and introduced various AI tools at Intel, providing a comprehensive overview of the technological advancements and support systems available for developers. After a coffee break, Kate Hach from Intel shared lessons learned from assembling a DeepTech/deal flow program, engaging participants in a Q&A session. This was followed by an open exchange led by Dr. Eugenie from Intel, discussing the impact of startup community programs on local ecosystems. The day concluded with a wrap-up session by Dr. Bienvenu Agbokponto Soglo, summarizing the key takeaways and setting the stage for future initiatives. On the final day, the event provided presentations from various hubs, showcasing their contributions and innovations in the AI and DeepTech space as well as networking opportunities, further solidifying the connections made and the knowledge shared over the previous two days. The focus remained on actionable insights and the way forward for AI and DeepTech in Africa. Anna Ekeledo, Executive Director at AfriLabs, remarked, “The collaboration and insights shared over these three days underscore the tremendous opportunities ahead. AfriLabs is proud to partner with Intel in driving innovation and sustainable development across Africa.” Dr. Bienvenu Agbokponto Soglo, Director of Government Affairs Africa and IGA CTO Liaison, emphasized that “Cultivating innovation in Africa demands strategic partnerships and community engagement. The Intel AI programme for African DeepTech Startups & Ecosystem Stakeholders in Kenya exemplifies our commitment to empowering local talent and driving sustainable technological advancement across the continent, especially in AI.” AfriLabs and Intel are committed to continuing their support for the African DeepTech and AI ecosystems, fostering innovation, and driving sustainable development across the continent. About AfriLabs: AfriLabs is the largest network of technology and innovation hubs across Africa, driving the growth of Africa’s innovation ecosystem. With a mission to support the development of the African technology and innovation ecosystem, AfriLabs connects hubs and other stakeholders to facilitate collaboration, resource sharing, and knowledge transfer. For media inquiries, please contact pr@afrilabs.com & comms@afrilabs.com. For more information about AfriLabs and its programs, please visit www.afrilabs.com. For further details or inquiries, please contact Jonathan at jonathan@afrilabs.com.
Building a Thriving Startup Ecosystem at the Korea-Africa Youth Startup Forum
Building a Thriving Startup Ecosystem at the Korea-Africa Youth Startup Forum AfriLabs is excited to announce that its Executive Director, Anna Ekeledo, will be speaking at the 2024 Korea-Africa Youth Startup Forum in Seoul, Korea, on June 5th, 2024. In her session, titled “Policies for Korean & African Startups,” Ms. Ekeledo will provide valuable insights on fostering a thriving startup ecosystem for young entrepreneurs in both regions. The 2024 Korea-Africa Youth Startup Forum is a significant event held at the sidelines of the inaugural Korea-Africa Summit. It aims to enhance cooperation between Korea and African nations by bringing together investors, startups, and support organizations from both continents. Key discussion points at the Forum will include: Current startup ecosystems in Korea and Africa Policies impacting startups in both regions Success stories of innovative African startups Trends in attracting investment for African startups Building networks among startup stakeholders This Forum offers an excellent opportunity for Ms. Ekeledo to share her expertise and connect with other leaders in the global startup ecosystem. With the influence of the ‘Global South’ at an all-time high, forging partnerships with Africa, a region of increasing strategic importance, has become essential rather than optional. Specifically, Africa is a crucial ally for Korea in its pursuit of becoming a ‘Global Pivotal State.’ Consequently, there is significant international attention focused on the upcoming Summit. About AfriLabs AfriLabs is the premier pan-African network of incubators and innovation centers, dedicated to supporting entrepreneurs tackling Africa’s most pressing challenges. Through its extensive network, AfriLabs offers business incubation, training, and funding opportunities to startups across the continent. About the 2024 Korea-Africa Summit The 2024 Korea-Africa Summit represents a historic milestone, as it is the first time the Korean government has invited African leaders to a summit of this magnitude. Under the theme “The Future We Make Together: Shared Growth, Sustainability, and Solidarity,” the Summit aims to elevate Korea-Africa cooperation, focusing on shared growth, sustainability, and solidarity. For more information about AfriLabs, visit AfriLabs. To learn more about the Korea-Africa Summit, visit 2024 Korea-Africa Summit. For media inquiries, please contact: pr@afrilabs.com & comms@afrilabs.com
AfriLabs set to participate at VivaTech 2024
AfriLabs set to participate at VivaTech 2024 AfriLabs will be participating at VivaTech 2024 which is taking place from the 22nd to the 25th May 2024 in Paris, France. VivaTech is Europe’s biggest technology and startup event that brings together startups, tech companies, investors and industry leaders from across the continent to discuss and showcase latest trends and advances in innovation and technology. Representing AfriLabs will be our Director of Programmes, Nanko Madu who will be joining a vibrant community of entrepreneurs, investors, and tech leaders at VivaTech. This event provides a platform for showcasing Africa’s booming innovation scene and fostering connections that will drive future growth. “I am thrilled to represent AfriLabs at VivaTech 2024,” says Nanko Madu. “This is a fantastic opportunity to share my expertise on building stronger health systems in Africa and fostering inclusive ecosystems. I look forward to engaging in discussions that will shape the future of innovation on the continent.” AfriLabs will be participating at VivaTech as follows; Wednesday 22 May, 03:00 PM – 03:30 PM – Paris Time: Promise: Encouraging more representation in the Tunisian Ecosystem Thursday 23 May, 11:30 AM – 12:00 PM – Paris Time: Building stronger health systems in Africa through technology About AfriLabs AfriLabs is the leading pan-African network of incubators and innovation centers, supporting entrepreneurs building solutions for Africa’s biggest challenges. Through its network, AfriLabs provides business incubation, training, and access to funding for startups across the continent. About VivaTech VivaTech is the world’s leading event dedicated to startups and innovation. It brings together startups, investors, executives, and policymakers to explore the latest trends and accelerate the growth of innovative businesses. For more information about AfriLabs, visit www.afrilabs.com and to learn more about GITEX Africa 2024, visit GITEX Africa For media inquiries, please contact pr@afrilabs.com & comms@afrilabs.com
AfriLabs Champions Innovation and Technology with High-level Delegation at GITEX Africa
AfriLabs Champions Innovation and Technology with High-level Delegation at GITEX Africa AfriLabs, the largest network of technology and innovation hubs across Africa, is excited to announce its participation in the upcoming GITEX Africa event, The biggest Tech and Startup Show in Africa, scheduled to take place from May 29th to 31st in Marrakech, Morocco. The presence of AfriLabs at GITEX Africa emphasizes its steadfast commitment to championing innovation and technology across Africa. With the Director of Community at AfriLabs, Mayssa Mrabet, alongside a cadre of passionate community members from the AfriLabs network, the organization is poised to seize this pivotal moment for collaboration, networking, and strategic partnership. The event serves as an unparalleled platform for AfriLabs to showcase groundbreaking solutions emerging from its network of hubs, while also facilitating meaningful engagements with key stakeholders, including government representatives and industry leaders. Through dialogue, knowledge exchange, and collaborative endeavors, AfriLabs aims to propel the African technology and entrepreneurship ecosystem to new heights. “Participating in GITEX Africa 2024 represents a significant milestone for AfriLabs as we continue to catalyze innovation and technology-driven progress across Africa,” said Mayssa Mrabet, Director of the Community at AfriLabs. “This gathering provides an invaluable opportunity to forge meaningful partnerships, showcase the ingenuity of African entrepreneurs, and chart a course for a future where technology serves as a catalyst for positive change. We are excited to be at the forefront of this movement, driving collaboration and empowerment within the African innovation ecosystem.” About AfriLabs AfriLabs is the largest network of technology and innovation hubs across Africa, driving the growth of Africa’s innovation ecosystem. With a mission to support the development of the African technology and innovation ecosystem, AfriLabs connects hubs and other stakeholders to facilitate collaboration, resource sharing, and knowledge transfer. For more information about AfriLabs, visit www.afrilabs.com and to learn more about GITEX Africa 2024, visit GITEX Africa For media inquiries, please contact pr@afrilabs.com & comms@afrilabs.com
Vault Hill and AfriLabs Announce Transformative Partnership at AIM Congress in Abu Dhabi
Vault Hill and AfriLabs Announce Transformative Partnership at AIM Congress in Abu Dhabi Abu Dhabi, UAE – 8th May 2024 – Amidst the prestigious backdrop of the 2024 Annual Investment Meeting (AIM) Congress, attended by His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, Vault Hill Labs Limited (VH) and the African Technology Innovation Hubs Initiative (AfriLabs) have proudly announced a landmark Memorandum of Understanding (MoU). This strategic partnership sets the stage for a new era of technological empowerment, driving innovation and digital transformation across Africa and the Middle East. Unleashing Potential Across Continents Vault Hill, renowned for its revolutionary digital platforms integrating AI, immersive and blockchain technologies, is set to collaborate with AfriLabs, which has established a vast network spanning 54 African countries with over 400 technology and innovation hubs. This alliance leverages AfriLabs’ extensive reach and Vault Hill’s cutting-edge technologies to fulfil shared technological advancement and community empowerment objectives. Ajibola Odukoya, COO of AfriLabs, highlighted the scope of this partnership: “With AfriLabs’ extensive network and the successful initiation and implementation of projects worth $33 million in the past 3 years, this collaboration with Vault Hill is poised to amplify our impact, bringing sophisticated digital solutions to millions and further enriching the technological landscape of Africa.” Strategic Collaboration for a Digital Future This MoU will see Vault Hill act as AfriLabs’ strategic partner in the UAE. It will focus on fostering growth and supporting the ecosystem with advanced AI, Blockchain, and immersive technology services. These efforts align perfectly with AfriLabs’ strategic priority verticals regarding AI and future technologies. Jimi Daodu, CEO of Vault Hill, expressed enthusiasm about the partnership’s potential: “Teaming up with AfriLabs allows us to tap into a wide array of resources and expertise to drive significant advancements in digital interaction in Africa which aligns to our recently announced strategy – Vault Hill 3.0. This is more than a partnership; it’s a strategic alliance poised to set new technological innovation and socio-economic development standards.” Empowering Communities Through Technology Vault Hill and AfriLabs will engage in joint initiatives aimed at empowering communities and fostering sustainable growth through technology. These projects will be particularly focused on expanding digital access and enhancing local digital content, including gaming in Africa, which are crucial to driving widespread adoption and utilisation of new technologies. Maria Dervenco, COO of Vault Hill, elaborated on the operational synergies, “Integrating our AI-driven platforms like Hillda and VH Games with AfriLabs’ robust network will transform service delivery in sectors such as healthcare and education, making cutting-edge technology accessible to all.” As Vault Hill and AfriLabs embark on this path breaking journey, they invite stakeholders, investors, and technology enthusiasts to support this transformative venture. This partnership is set to redefine possibilities, creating a robust digital ecosystem that leverages the best of global innovation to benefit communities across Africa and the Middle East. About AfriLabs AfriLabs is a network organisation with over 400 technology and innovation hubs across 54 African countries. Founded to build a community around rapidly emerging tech hubs—a network of innovation spaces that support startups and developers, AfriLabs believes in the power of technology to transform Africa. AfriLabs works on the ground to advocate policy changes, drive collaboration and knowledge sharing, and provide resources that increase the visibility and sustainability of its members, all aimed at raising successful innovators who will spur economic growth and social development across the continent. About Vault Hill Vault Hill is dedicated to revolutionising the way users interact with technology, utilising blockchain to enhance user experiences across various platforms. With a focus on innovation, security, and community, Vault Hill is committed to advancing the blockchain industry and developing technologies that create real value. For more information, please contact: Maria Dervenco COO Vault Hill maria@vaulthill.io Vault Hill
Empowering Africa’s Tech Entrepreneurs: Join Intel’s Community Reach Program Today!
Empowering Africa’s Tech Entrepreneurs: Join Intel’s Community Reach Program Today! The Intel Community Reach Program is more than just a platform promoting the use of technology to foster development and inclusion; it’s a catalyst for change for budding entrepreneurs seeking to make a meaningful impact on their communities and beyond. Through this program, Intel aims to nurture and support the next generation of African innovators working in Artificial Intelligence (AI) and broadband utilizing space. By providing these builders with the tools, resources, and mentorship needed, bold and progressive ideas can be transformed to reality providing benefits for both entrepreneurs and the communities they serve. So, what exactly does the Intel Community Reach Program entail, and why should aspiring entrepreneurs be eager to take part? 1. Access Resources and Technology: As a participant in the Community Reach Program, entrepreneurs gain access to Intel’s state-of-the-art technology platforms and resources. Whether it’s harnessing the power of AI, exploring the potential of IoT (Internet of Things), or delving into the world of data analytics, participants have the opportunity to leverage cutting-edge tools to drive innovation and solve real-world problems in their communities. 2. Expert Mentorship and Guidance: Building a successful startup can be a daunting task, especially for those navigating the uncharted territories like the emerging AI space in Africa. That’s where mentorship plays a crucial role. Through the Intel Community Reach Program, participants are granted access to seasoned mentors who provide invaluable guidance, advice, and support every step of the way. From refining business models to navigating market challenges, mentors serve as trusted advisors, helping entrepreneurs unlock their full potential to realize market fit products. 3. Networking and Collaboration Opportunities: One of the greatest assets of the Intel Community Reach Program is its vibrant community of like-minded entrepreneurs and industry experts working in overlapping sectors. Participants have the opportunity to connect with peers, share insights, and collaborate on projects that have the potential to drive meaningful change. 4. Social Impact and Sustainability: At its core, the Intel Community Reach Program is driven by a commitment to social impact and sustainability. Intel recognizes the importance of building businesses that not only generate profits but also create positive change in society. Through the program, entrepreneurs are encouraged to develop solutions that address pressing challenges in areas such as healthcare, education, agriculture, and environmental sustainability, making a tangible difference in the lives of people across the continent. So, if you’re an aspiring entrepreneur with a passion for innovation and a drive to make a difference, Intel and their partners are inviting you to be a part of this exciting journey. Together, we can harness the power of technology to create a brighter future for Africa and beyond. To learn more about the Intel Community Reach Program and how you can get involved, visit the website https://intel.az1.qualtrics.com/jfe/form/SV_bwL2peBT7vzYZam to begin your journey and let the change begin, one start-up at a time.
Harnessing AI for Africa’s Future: Intel Empowering Builders Across the Continent
Harnessing AI for Africa’s Future: Intel Empowering Builders Across the Continent Africa is home to 54 countries with an estimated 2000 languages and corresponding cultures facing unique problems that require homegrown bespoke solutions. In this dynamic landscape, the promise of artificial intelligence (AI) shines brightly, offering a beacon of hope for addressing pressing issues and driving sustainable development in a range of sectors. In recognition of AI’s immense promise for Africa’s development – Intel is playing a role in making sure builders on the continent are shaping the future for the better offering opportunities in areas like resource support, mentorship and training. Across sectors such as healthcare, agriculture, education, and infrastructure, AI holds immense potential to revolutionize existing systems and create new avenues for growth and prosperity. With its ability to analyze vast amounts of data, identify patterns, and make informed decisions, AI is not just a tool but a powerful ally in overcoming Africa’s unique challenges. Take, for instance, the issue of high student-to-teacher ratios prevalent in many African classrooms. With limited resources and a growing population, traditional education systems often struggle to provide personalized learning experiences. However, AI-powered educational platforms can adapt to individual student needs, offering tailored lessons and feedback to enhance learning outcomes. Then there is the issue of language barriers forming and a significant obstacle to accessing information and services across Africa’s diverse linguistic landscape. AI-driven translation technologies can bridge this gap, enabling seamless communication and knowledge sharing across borders and cultures in a way no technology before has been able to achieve. As talks of improving intra-African trade and expertise exchange continue to progress, AI has perhaps come at the right time to form the perfect bridge. In underserved communities where access to essential services is limited by geographical or infrastructural barriers, AI has the potential to break down these obstacles. Whether it’s telemedicine platforms delivering healthcare to remote areas or smart agriculture solutions optimizing crop yields, AI-enabled innovations are transforming lives and livelihoods. Recognizing the transformative power of AI, Intel is committed to empowering African entrepreneurs and innovators to harness its potential for positive change. Through initiatives like the Intel Community Reach Program, Intel and their partners provide support, resources, and mentorship to builders across the continent, enabling them to develop scalable and impactful AI solutions tailored to local needs. By fostering collaboration and innovation, Intel is not just driving economic growth but also promoting social inclusion with a strong focus on underserved communities that need this technology the most. Together with local stakeholders and partners, Intel is building a thriving ecosystem of AI-driven innovation that is driving Africa’s development forward. As Africa embarks on its journey towards a digital future, entrepreneurs working or planning to work with AI or other broadband enabled technologies are invited to apply for the program for this unique opportunity to be a part of the future. Together, we can turn challenges into opportunities and pave the way for inclusive and sustainable development across the continent.
AfriLabs and 2X Global Announce Partnership to Advance Intersectional Gender Lens Investing
AfriLabs and 2X Global Announce Partnership to Advance Intersectional Gender Lens Investing AfriLabs, the largest network of technology and innovation hubs across Africa, and 2X Global, a global industry body focused on increasing the volume and impact of capital directed towards women’s economic empowerment worldwide, are pleased to announce the signing of a memorandum of understanding (MOU) to enter into a strategic partnership aimed at advancing intersectional Gender Lens Investing across emerging economies. With a shared vision of increasing the flow of financial capital to promote sustainable development, including through Impact Investment, AfriLabs and 2X Global are committed to fostering collaboration, knowledge exchange, and capacity-building initiatives to drive positive change in the investment landscape. “We are thrilled about our partnership with 2X Global, a leader in advancing intersectional Gender Lens Investing globally. This collaboration presents an exciting opportunity to leverage our collective expertise and networks to drive impactful investment in African innovation and entrepreneurship. Aligning perfectly with AfriLabs’ vision to support and mentor women entrepreneurs across Africa, this partnership signifies a crucial step towards fostering sustainable economic growth and development on the continent. We look forward to facilitating knowledge exchange, capacity-building initiatives, and advocacy efforts that will advance the intersectional Gender Lens Investing agenda across emerging markets, creating a more inclusive and impactful investment landscape.” – Anna Ekeledo, Executive Director at AfriLabs. CEO of 2X Global Jessica Espinoza said the partnership presented a great opportunity for both organisations to benefit from the insights and networks of each other. “2X Global and AfriLabs have a common focus on knowledge sharing and capacity building, not to mention a shared commitment to supporting women’s economic empowerment. So we’re really looking forward to putting this partnership into action by finding synergies to carry forward our respective, aligned missions.” The memorandum of understanding outlines the terms of collaboration between AfriLabs and 2X Global in achieving their shared goal of increasing the flow of financial capital to promote sustainable development through intersectional Gender Lens Investing. The partnership will focus on knowledge exchange, capacity building, and advocacy initiatives aimed at advancing the intersectional Gender Lens Investing agenda across emerging markets. About AfriLabs AfriLabs is a Pan- African organisation that works with multiple stakeholders to unlock Africa’s vast potential and drive sustainable economic growth across the continent through investment, innovation, technology, and entrepreneurship. About 2X Global 2X Global is a global membership and field-building organization for investors, capital providers, and intermediaries working in public and private markets, across both developed and emerging economies. By working together with the full spectrum of investors, capital providers, mobilizers, and influencers, we will help shape the market on a whole new level, ultimately transforming systems of finance through the gender-smart deployment of capital across asset classes and markets. 2X Global engages its global network through a series of activities that advance intersectional investment agendas, scale the field, shift mindsets, and facilitate capital deployment. These include a series of Communities of Practice, educational forums, shared resources, certification and standards, and deal-sharing platforms. 2X Global is headquartered in London, UK, and works globally. For more information about AfriLabs, visit www.afrilabs.com, for information about 2x Global, visit 2X Global. For media inquiries, please contact pr@afrilabs.com & comms@afrilabs.com.