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Norwegian helps Kenyan firms access funding

For Jonas Tesfu, a Norwegian with Eritrean roots, for everyone of those start-ups unable to grow, it is a chance foregone to solve real societal problems.

Pangea Accelerator launches funding program in a bid to scale-up start-ups in East Africa

Pangea Accelerator launches funding program in a bid to scale-up start-ups in East Africa Shares Pangea Accelerator, a Norwegian-based investment platform operating in East Africa, has rolled out a scale-up program to support start-ups and grow them. The aim of the Accelerator program is to gain access to the capital they need to accelerate their enterprises. The program also seeks to help bridge the gap between entrepreneurs and investors, and provide them with the skills they need to take their start-ups to the next level. The program is looking for the best start-ups in different sectors of the economy. After application, the applicants will be vetted and chosen start-ups will receive access to private funding between Ksh. 53,400,000 – Ksh. 320,400,000 ($0.5 – 3 million). In addition, they will receive tailored coaching sessions to suit their specific business requirements and optimal matching of investors to fund their businesses. Moreover, the start-ups will have the chan

Union Bank unveils UnionX to support startups 2 other things and a trivia

2. Kenya launches innovative committee to help nurture Kenyan startups In a bid to support the growth of startups in Kenya, the Kenya National Innovation Agency (KeNIA) has established a National Innovation Technical Committee. The newly launched committee is tasked to help build a comprehensive and inclusive framework for nurturing startups at national scale. Set up by the agency’s board of directors, the body will also advise and support KeNIA on a regular basis and help establish necessary linkages to help the agency deliver on its mandate. Meanwhile, members of the committee are expected to serve for a minimum of one year and a maximum of three, with membership voluntary and unpaid.

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