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    GreenTec Capital Africa to Hold Summit for Francophone African Small Medium Enterprises

    Posted On 01 Jun 2020
    By : New Africa Business News, Staff Correspondent
    Comments: 12

    By Richard Adorsu-

    Photo Credit: VC4A

    NEW AFRICA BUSINESS NEWS (NABN) Accra- In the middle of the COVID-19 pandemic and its impact on global economic crisis on small businesses on the African continent, the GreenTec Capital Africa Foundation, together with the French Development Agency, will hold a summit which seeks to support and encourage the growth of startups in francophone African countries.

    The GreenTec Capital Africa Foundation (GCAF) is a non-profit organization founded to promote the development of investment into African entrepreneurship and support the creation of local economic and social added-value. Together with GreenTec Capital Partners, the NGO has been successfully supporting and investing in African early-stage startups for more than five years.

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    As part of this program launched by the AFD, the GCAF will select digital, francophone-based, early-stage startups and SMEs and will offer them two types of support: A free interest repayable advances for companies demonstrating a capacity for development; a venture building support, in the form of strategic, financial, technical, and operational advice and capacity building.

    Following selection, founders will have the opportunity to qualify for GreenTec Capital Partners’ unique “Results4Equity” program. The program combines operational and light financial support. In contrast with other investors, GreenTec does not take equity for simply providing funding or a fixed quantity of support deployed for an investee, but only for the results of its total contribution, as measured by the achievement of pre-defined targets agreed upon with the startup’s founders at the beginning of the collaboration.

    In 2019 the foundation hosted three investor trips to engage with African entrepreneurs in Europe and in West Africa. These meetings led to six activated investment opportunities.

     

     

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    For New Africa Business News Richard Adorsu Reports,  Africa Correspondent

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    12 Comments

    1. Kasim June 1, 2020 at 3:27 am Reply

      Wonderful job GreenTec Capital Africa Foundation. BUSINESS & INVESTMENT FIRST. Kasim, TUNIS TUNISIA.

      • New Africa Business News, Staff Correspondent June 1, 2020 at 3:28 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    2. Issa June 1, 2020 at 3:43 am Reply

      New Africa business news thank you for all your reporting. Hopeful business news for our continent. DODOMA TANZANIA! ISSA.

      • New Africa Business News, Staff Correspondent June 1, 2020 at 3:44 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    3. Abdoulaye June 1, 2020 at 3:48 am Reply

      Abdoulaye in Bamako. I like the positive reporting of the Continent. Thank you for reporting new Africa NEWS. MALI.

      • New Africa Business News, Staff Correspondent June 1, 2020 at 3:49 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    4. Abiola June 1, 2020 at 4:04 am Reply

      I have being following this great newspaper. Thank u. Toronto, Canada!Abiola!

      • New Africa Business News, Staff Correspondent June 1, 2020 at 4:06 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    5. nailah June 1, 2020 at 4:16 am Reply

      Am a fan of new Africa news. Thank you for all your timely reporting. Great newspaper. Cairo EGYPT. Nailah!

      • New Africa Business News, Staff Correspondent June 1, 2020 at 4:17 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    6. philipee June 1, 2020 at 4:46 am Reply

      Time to scarab these colonial era organizations in our continent, they are history. Nothing like Franco or Anglo or commonwealth. Africa was a country and should be country and is going to be a country. Philipee. GABON, LIBREVILLE!

      • New Africa Business News, Staff Correspondent June 1, 2020 at 4:48 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

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