The Work of L’Afrique Excelle
access to Capital
L’Afrique Excelle has supported new startups in raising up to five million dollars in funding from investors. The company has also connected startups with leading investors. Additionally, new startups can receive a one-week all-expenses-paid residency in Bamako and an all-expenses-paid residency to Paris including a showcase at VivaTech. These opportunities help new brands increase visibility and raise awareness.
Striking Benefits of Technological Advancements in Africa
L’Afrique Excelle is not the only organization currently aiding the development of technology in Africa. Digital Africa, a French-based development company, is working to increase investment funds in Nigeria, Kenya, South Africa and beyond. All of the startup companies that work with Digital Africa will also have the chance to showcase at the Francophone Africa Investor Summit (FAIS), an event that takes place in West Africa for early-stage investors.
Current Progress and Future Outlook
These businesses and investors, expanding from Cape Town to Cairo, will be working hard to innovate new and improved ways of solving Africa’s most pressing issues. According to African Law & Business (ALB), some of Africa’s most prominent issues as of 2019 include low access to world-class computing, low rates of developmental finance, governmental corruption, climate change, energy and business. L’Afrique Excelle’s mission to enhance the growth of digital businesses in Africa will help limit these problems and improve the standard living in Africa.
– Sara Devoe