Accelerate Africa unveils 10 startups at Investor Summit

Accelerate Africa, a pre-seed and seed-stage accelerator programme, in partnership with Future Africa and Prosper Africa, has unveiled its first cohort of startups at its inaugural Demo Day and second Investor Summit, which was held last week in Lagos.“Africa has come of age! Now is the time for local investors to rise to meet the challenge of poor investment on the continent. Initially, we launched a pre-accelerator programme under the assumption that the most effective way to attract funding for African companies was to showcase them to American investors.” While this approach proved successful for a period, we have observed the dwindling inflows and investor appetite for African startups.