Five African Startups Secure USD 5 K Grant Funding Each From SAIS, Seedstars

Five African startups have been awarded USD 5 K each in grant funding from the Southern Africa Innovation Support program and Seedstars after completing the Investment Readiness Program.

The Investment Readiness Program 2019-2020, run by Southern Africa Innovation Support and Seedstars, selected 15 businesses with SDG-focused tech solutions and gave them with tools and information to help them get closer to being investment-ready. Botswana, Namibia, South Africa, Tanzania, Zambia, Angola, Democratic Republic of Congo (DRC), Malawi, Mauritius, and Mozambique are among the ten nations targeted by the program.

The five startups awarded include; Mangwee, a Zambian fintech startup; SUMET, a Tanzanian FMCG distribution platform; UBI, a Mozambican city planner app; Luma Law, a South African legal information service, and Astech-Congo, a DRC-based startup that allows users to stay connected to their school or university.