May 20

60 Start-Ups Across Africa To Get $4 Million Google Fund

By Christiana T. Alabi

Tech giant, Google is committing $4million to 60 eligible start-ups across Africa as applications open for the second cohort of the ‘Google for Start-up Black Founders Fund for Africa’.

Google for Startups Black Founders Fund was launched in the wake of the 2020 Black Lives Matter movement as part of Google’s racial equality commitments. The initiative is a pledge toward driving economic opportunity for Black business owners.

The BFF provides support to start-ups in the region in the form of equity-free cash assistance that helps them take care of immediate needs such as paying staff, funding inventory, and maintaining software licenses.

Photo courtesy of Free-Photos.

Source: Daily Trust (link opens in a new window)

impact investing, startups