Johannesburg: AfricUpdate – News Desk
Global technology group, Naspers and Prosus announced the Tech FoundHER Africa Challenge, inviting applications from women-led tech and tech-enabled startups across the continent. Originally piloted in India earlier this year, the programme has now launched in Africa as part of the company’s commitment to championing and supporting female founders in technology.
Women represent 26% of Africa’s entrepreneurs, yet women-led startups receive less than 3% of venture capital funding, according to recent research by TechCabal Insights and the Africa Growth Fund. This funding gap, estimated at $42 billion, if closed, could unlock as much as $316 billion in GDP growth.
The Tech FoundHER Africa Challenge will be conducted in partnership with Lionesses of Africa is a fast-growing, 1.8 million strong network of women entrepreneurs in Africa, providing access to resources, funding opportunities, and a powerful platform to share their business stories.
