ADVERTISEMENT
TechEconomy
Sunday, June 1, 2025
No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Podcast

Home » EIB Global’s $30 Million Investment Ignites Innovation Across Africa with Seedstars Africa Ventures

EIB Global’s $30 Million Investment Ignites Innovation Across Africa with Seedstars Africa Ventures

Joan Aimuengheuwa by Joan Aimuengheuwa
January 10, 2024
in StartUPs
1
EIB Global's $30 Million Investment Ignites Innovation Across Africa with Seedstars Africa Ventures I
L-r: Seedstars Africa Ventures General Partners Tamim El Zein, Bruce Nsereko-Lule and Maxime Bouan

L-r: Seedstars Africa Ventures General Partners Tamim El Zein, Bruce Nsereko-Lule and Maxime Bouan

RelatedPosts

Grammarly Secures $1 Billion from General Catalyst

Grammarly Secures $1 Billion from General Catalyst

May 30, 2025

SMEDAN: ₦11 Billion Funding Mobilised to Drive SME Growth, Targets Industrial Revival

May 30, 2025

Seedstars Africa Ventures has secured an equity investment of $30 million from the European Investment Bank (EIB) Global, facilitating the growth of innovative businesses and startups across Africa. 

Seedstars Africa Ventures, launched by Maxime Bouan, Tamim El Zein, and Bruce Nsereko Lule in partnership with global organisation Seedstars and multi-specialist investment platform LBO France, focuses on companies leveraging digital technologies for essential services.

EIB Global’s investment, backed by the European Union through the ACP Trust Fund and Boost Africa program, aims to address the equity gap in early-stage funding on the continent. The fund concentrates on Seed+ and Series A rounds, offering follow-on capabilities, and leads investment rounds to facilitate syndication while providing essential operational support.

Seedstars Africa Ventures has already completed four transactions, supporting companies like Beacon Power Services, Poa! Internet, Shamba Pride, and Bizao. For instance, Beacon Power Services, based in Lagos, is working to improve the reliability and quality of Africa’s energy supply through smart grids, reducing grid energy losses by an average of 25% and providing three additional hours of energy daily per household.

The EIB Global’s $30 million investment, backed by the EU, further supports the digitalisation and economic development of African countries, aligning with the European Union’s Global Gateway strategy. This investment, deployed through the ACP Trust Fund and Boost Africa program, provides financial support and also offers technical assistance to enhance business skills and expertise for the companies invested in by Seedstars Africa Ventures.

The collaboration between Seedstars Africa Ventures and EIB Global is essential in promoting innovation, modernisation, and financial development in the African continent. This partnership is expected to have a far-reaching impact on the economy of Africa, creating new opportunities for job creation and enhancing the overall prosperity of the region. 

With the combined expertise and resources of Seedstars Africa Ventures and EIB Global, this initiative is set to drive digitalisation, foster entrepreneurship, and support the growth of small and medium-sized enterprises (SMEs) in Africa. In facilitating access to finance, knowledge, and networks, the goal is to empower local businesses, promote social and economic inclusion, and contribute to sustainable development in Africa.

Loading

Advertisements
MTN ADS

Author

  • Joan Aimuengheuwa
    Joan Aimuengheuwa

    Joan thrives at helping individuals and businesses scale via storytelling...

    View all posts
0Shares
Tags: Bruce Nsereko-LuleEIB GlobalMaxime BouanSeedstars Africa VenturesTamim El Zein
Previous Post

How Uduaa is Transforming Food Logistics and Agriculture in Uyo City

Next Post

Ambition 2025: MTN Extends Partnership with Ericsson to Empower Millions across Africa via MoMo

Joan Aimuengheuwa

Joan Aimuengheuwa

Joan thrives at helping individuals and businesses scale via storytelling...

Related Posts

Grammarly Secures $1 Billion from General Catalyst
StartUPs

Grammarly Secures $1 Billion from General Catalyst

by Joan Aimuengheuwa
May 30, 2025
0

This arrangement lets Grammarly scale aggressively without compromising its valuation or control

Read more
SMEDAN: ₦11 Billion Funding Mobilised to Drive SME Growth, Targets Industrial Revival

SMEDAN: ₦11 Billion Funding Mobilised to Drive SME Growth, Targets Industrial Revival

May 30, 2025
YC-Backed Unbound Raises $4M to Help Enterprises Embrace, Control AI

YC-Backed Unbound Raises $4M to Help Enterprises Embrace, Control AI

May 29, 2025
Velocity Emerges from Stealth with $10M to Simplify Global Payments Using Stablecoins

Velocity Emerges from Stealth with $10M to Simplify Global Payments Using Stablecoins

May 28, 2025
Swedfund Commits $10m to Boost African Climate Tech, Innovation

Swedfund Commits $10m to Boost African Climate Tech, Innovation

May 27, 2025
Kwik Parent Company Declared Bankrupt

Kwik Parent Company Declared Bankrupt

May 23, 2025
Next Post
MTN and Ericsson

Ambition 2025: MTN Extends Partnership with Ericsson to Empower Millions across Africa via MoMo

Comments 1

  1. Pingback: Seedstars Africa Gets Additional $10.5mln Boost from AfDB

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Techeconomy Podcast

Techeconomy Podcast
Techeconomy Podcast

Infowave is brought to you by TechEconomy. Every week we will bring new stories from startups and influencers who are shaping and changing the world we live in. We’ll also bring you reports on topics you should know.

Follow us @techeconomyng for more.

TECH TALK EPISODE 2
byTecheconomy

PRODUCTIVITY AND WORK-Life Balance

TECH TALK EPISODE 2
TECH TALK EPISODE 2
May 22, 2025
Techeconomy
CYBERSECURITY ESSENTIALS
April 24, 2025
Techeconomy
Digital Marketing Trends and strategies for 2025 and beyond
February 27, 2025
Techeconomy
Major Lesson for Techies in 2024 and Projections for 2025
December 6, 2024
Techeconomy
Major Lessons for Techies in an AI-Driven World | Techeconomy Business Series Highlights
November 26, 2024
Techeconomy
Maximizing Profitability Through Seasonal Sales: Strategies For Success
November 8, 2024
Techeconomy
Techeconomy Business Series
October 15, 2024
Techeconomy
PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY
May 30, 2024
Techeconomy
Unravel the Secrets of Marketing Everywhere All At Once with Isaac Akanni from Infobip | Infowave Podcast Episode 1
February 9, 2024
Techeconomy
The Role of Ed-tech in Life Long Learning and Continuous Education
October 19, 2023
Techeconomy
Search Results placeholder

WHAT IS TRENDING

https://www.youtube.com/watch?v=g_MCUwS2woc&list=PL6bbK-xx1KbIgX-IzYdqISXq1pUsuA4dz

Follow Us

  • About Us
  • Contact Us
  • Careers
  • Privacy Policy

© 2025 Techeconomy - Designed by Opimedia.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS

© 2025 Techeconomy - Designed by Opimedia.

Translate »
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.