The South African media and technology group, Multichoice Enriching Lives, recently announced the extension of the program to support startups and small companies in the technology sector for Angola, called “MultiChoice Africa Accelerator".
According to what was revealed through an official statement, the program is aimed at startups and small companies established in specific technological sectors that operate in the national territory, such as healthtech, agritech, fintech, edutech, circular economy and creative industries.
The MultiChoice Africa Accelerator is an initiative program of the MultiChoice Innovation Fund, in collaboration with the Dubai business incubator C3 (Companies Creating Change), which provides entrepreneurs with access to tools, skills and financial support for companies to develop and expand their business, in addition to exposing them to a network of global investors.
"We believe that SMEs in the technology, sustainability and creativity sectors will be key to the continent's next phase of growth and this initiative is aimed at finding the most promising startups and empowering them to play this critical role.“, said Calvo Mawela, CEO of the MultiChoice Group.
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To make this program even more effective, the MultiChoice Group has also partnered with the EOH Group, a South African company specializing in technology services, which will bring its experience, especially in terms of technical consultancy, focus on project development and technical support.
"We are very excited to expand the MultiChoice Africa Accelerator Program to more African countries (including Angola), as part of our long-term commitment to growth and multiplying technology potential. There is incredible entrepreneurial talent on the continent and this initiative is an excellent opportunity for investors and small businesses to collaborate and multiply the impact of that talent and disperse across the continent“, assured.
On the other hand, the President of the African Development Bank, Akinsumi Adesina, stressed that the “private sector is a growth accelerator”, and where several African countries support the development of small companies as part of their economic strategy. The MultiChoice Africa Accelerator fits these development goals.
It should be noted that with the addition of Angola to the program, a greater number of small companies in the country's technology sector now have the opportunity to benefit from the program, as of its 2023 edition, which provides the necessary skills and opportunities to attract business financing .
