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France-Backed Digital Africa to Fund 200 African Startups – Bloomberg

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Digital Africa, a French government-backed organization assisting African tech startups, will move to a for-profit model and provide 70 million euros ($79 million) for seed and Series A funding by 2025. 
Backed with 130 million euros from Proparco, a unit of the Agence Francaise de Developpement, Digital Africa aims to fund 200 African startups with seed funding of between 20,000 euros and 200,000 euros each, Stephan Eloise-Gras, the initiative’s executive director, said on an online press conference.


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