Tech

Village Capital partners Norad to launch climate-focused programme in Africa

Published

7 months ago

April 30, 2024

Accelerator programme facilitator, Village Capital, has struck a partnership with Norwegian development agency, Norad, to launch an an ecosystem-building programme aimed at strengthening the capacity and impact of Entrepreneur Support Organisations (ESOs).

The programme known as “Empowering Sustainable Entrepreneurship Africa”, is a climate-focused project which will test-run in Ghana, Kenya, Malawi, Mozambique, and Tanzania, before spreading to other countries in Africa.

According to Rachel Crawford, the Leads Special Projects Director at Village Capital, the initiative will adopt a dual-track approach, firstly equipping community-led ESOs with the technical expertise and resources necessary to foster sustainable growth within their organisations.

She added that the programme will “directly support climate-focused ventures in the priority countries while cultivating a long-term pipeline of high-growth, investable startups advancing solutions in critical areas such as the blue economy, climate adaptation, food security, and renewable energy.”

“ESOs play a crucial role in the entrepreneurial ecosystem, serving as the first line of support for entrepreneurs, acting as both trainer and convener of essential networks such as investors and talent, especially in emerging ecosystems,” Crawford said.

“However, these same ESOs typically operate as the startups they support and often lack the final piece of the puzzle – capital to deploy directly to startups.

“Village Capital aims to address each of these three needs through our unique initiative design by leveraging ecosystem development, enterprise support, and catalytic capital.”

Also speaking on the collaboration, Per Fredrik Ilsaas Pharo, director of Climate and Environment at Norad, said his organisation was excited to partner with Village Capital on Empowering Sustainable Entrepreneurship Africa.

“Entrepreneurs and startups with innovative ideas and services have an important role to play in contributing to the Sustainable Development Goals.

“Today such actors often lack access to financing and technical support due to a number of barriers. We hope that by strengthening the entrepreneurial ecosystem through ESOs, some of these barriers will be overcome.

“This partnership is also exciting for us in that it is multi-sectoral, working on blue economy, renewable energy, food security, and climate adaptation, to deliver the best possible total contribution to innovation and entrepreneurship in Africa,” he said.

Village Capital has operated in Sub-Saharan Africa since 2012, running over 14 accelerator programmes and serving entrepreneurs in 15 countries in the region, while Norad, works with partners across the world to help achieve the UN’s Sustainable Development Goals.

Related Topics:Accelerator Programme Featured Norad Village Capital

Click to comment

Tech

Ghana partners with The Gambia to provide free roaming services

Published

20 hours ago

November 21, 2024

Isaac Dachen

Ghana and The Gambia are in the process of launching free roaming services that will enhance a West African connectivity.

The plan which is a joint initiative of the Ghana Ministry of Communications and Digitalisation and The Gambian National Communications Authority (NCA) will see mobile users in both countries avoiding extra charges for calls, texts, and data, which in turn, is expected to boost trade, tourism, and economic integration across borders.

The collaboration, according to a joint statement by the two bodies, aligns with the Economic Community of West African States’ (ECOWAS) broader push for seamless regional communication.

“Ghana and The Gambia are forging new paths in West Africa’s digital landscape, implementing a free-roaming initiative,” the statement said.

“This move strengthens regional connectivity while highlighting the role of technological collaboration in fostering economic integration. The initiative enables mobile users travelling between the two nations to make calls, send messages, and use data services without additional roaming fees.”

It further noted that by reducing these costs, the program aligns with the ECOWAS Free Roaming Initiative, which seeks to eliminate barriers to communication across member states.

“It is a boost for trade and travel as the free roaming plan is expected to spur economic activities by streamlining cross-border communication.

“Businesses and individuals travelling between Ghana and The Gambia can now stay connected without worrying about exorbitant charges, facilitating smoother transactions and personal interactions. The initiative is also expected to attract more tourists by ensuring seamless digital access for visitors.

“This collaboration marks another milestone in Ghana’s commitment to expanding digital connectivity, following Ghana’s successful implementation of similar agreements with Côte d’Ivoire, Togo, and Benin, with talks of possible roaming partnerships with Liberia.

“By focusing on digital integration, Ghana and The Gambia demonstrate the power of technology to bridge gaps between countries. This step also serves as a model for other West African nations to join the free-roaming framework, contributing to the larger goal of a connected and economically integrated region,” it added.

Tech

Tanzania to host 6th Ocean Innovation Africa summit in February

Published

2 days ago

November 20, 2024

Isaac Dachen

Dar es Salaam, Tanzania, has been selected to host the sixth edition of the Ocean Innovation Africa (OIA) summit from February 24-28, 2025, as a flagship event within Regenerative Ocean Week.

The Ocean Innovation Africa is set to be Africa’s most significant platform for Ocean Innovation conservation, and sustainable development in the blue economy. OIA2025 will be co-organised with leading partners, including IUCN, GIZ, OceanHub Africa, Catalyze and the Ocean-Climate Platform.

With the theme, “Science-to-Solution”, the Regenerative Ocean Week will present a line-up of sessions designed to bridge the gap between scientific research, business innovation, policy, and community engagement.

According to the organizers of the event, it will bring together African ocean innovators, investors, researchers, policymakers, and community leaders to explore practical solutions that can be applied across the continent.

“These include the OIA Pitch Competition, which is a platform for Africa-based startups and entrepreneurs to showcase breakthrough ideas in ocean-impact solutions, allowing them to connect with investors and industry leaders and emphasizing Africa’s role in driving sustainable ocean initiatives,” the organizers said in a statement.