AFRICAN TECHNOLOGY INNOVATION HUBS INITIATIVE (AFRILABS)
Status: Approved investmentWhy disclosure?
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In case of questions
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
African Technology Innovation Hubs Initiative is registered as an NGO in Nigeria and operating under the name of AfriLabs. AfriLabs is a network organisation that supports 340 innovation centers across 52 African countries that was founded in 2011 to build a community around Africa’s rapidly emerging technology hubs.
What is our funding objective?
To support AfriLabs in digitising its operations to provide a more seamless approach in engaging and managing its stakeholders as well as providing an open platform for stakeholder collaboration.
Why do we fund this investment?
This project aligns with the Community Engagement component 1(c) of the FMO Ventures Program Technical Assistance Facility with the objective of supporting entities that bring together key industry stakeholders for learning and exchange.
What is the Environmental and Social categorization rationale?
N/A
- Website customer/investment
- https://www.afrilabs.com/
- Region
- Africa
- Country
- Africa
- Sector
- Infrastructure, Manufacturing and Services
- Publication date
- 9/18/2023
- Effective date
- 5/4/2023
- Total FMO financing
- EUR 0.03 MLN
- Funding
- FMO NV