Grace Ashiru
Early-stage businesses that do business in francophone African countries can apply to Fuzé, a Digital Africa investment facility, for up to EUR50,000 (US$48,000) in equity capital.
In 2018, President Emmanuel Macron started the Digital Africa initiative, a group backed by the French government that helps tech entrepreneurs in Africa.
Fuzé is a way for businesses to get EUR20,000 (US$19,000) in capital. Right now, startups in Rwanda, Morocco, Senegal, the Ivory Coast, and Tunisia can use it, but soon it will be available in all of Francophone Africa. After this funding, a €30,000 (US$29,000) SAFE investment will be made.
They must also have a tech part to their product or business plan, do business in a French-speaking African country, and have been started or co-started by at least one citizen of one of those countries.
Criteria for Eligibility
- It has been in business for less than 18 months.
- At least one person from a French-speaking African country started or helped start the business.
- Technology is used in the product or business model of the startup.
- The startup’s operations are based in a country in Africa where French is the official business language.
You can apply by clicking here.
