The Pangea accelerator has shortlisted 11 African startups who will be considered for funding of up to US$50,000 each. Pangea had selected 40 companies to take part in its inaugural accelerator, and has now selected 11 of them to receive funding, dependent on their investment readiness and progress by late May. “I have no doubt that investors will find good opportunities for investment based on the quality of businesses represented on the Pangea programme,” he said. The 11 startups selected include nine from Kenya, including cloud business management tool Tozzaplus, biomass briquette manufacturer Acacia Innovation, online marketplace Onesha, and learning platform Yusudi. Pangea said it plans to launch a crowd investment platform in June, allowing accelerated startups further access to funding.

Source: The North Africa Journal April 11, 2018 08:03 UTC