By Dare Akogun
Afrimobility, the venture capital arm of AKWA Group, is set to participate in GITEX Africa 2024 from May 29 to 31 in Marrakech.
This event, which gathers key players in the African technology industry, presents an opportunity for Afrimobility to highlight its commitment to innovative startups driving technological advancement across the continent.
Afrimobility has a diverse investment portfolio, supporting entrepreneurs in countries such as France, the USA, Canada, Egypt, Senegal, and Nigeria.
The fund focuses on various sectors, including HealthTech, DeepTech, GreenTech, FinTech, and Agri-Food Tech. In under four years, Afrimobility has made 22 investments and recorded two successful exits, benefiting from the synergies and extensive network of AKWA Group.
One standout example of Afrimobility’s support is its partnership with the HEC incubator at Station-F in Paris through the “50 Sprints” program, funded and sponsored by Afriquia.
This initiative provides startups in Afrimobility’s portfolio with a three-month acceleration at Station F, significantly enhancing their growth prospects.
Additionally, Afrimobility was crucial in establishing FastVolt, the first public network of charging stations for electric vehicles in North Africa. This project demonstrates Afrimobility’s capability to back promising ventures and promote technological progress.
“Afrimobility aims to facilitate the African technology ecosystem by encouraging the sharing of knowledge and innovation between different regions of the world,” said Moulay Hafid Amrani, Managing Director of Afrimobility.
“We strive to be a partner for visionary entrepreneurs who are building Africa’s future, providing them with the support and environment needed for innovation.”
Afrimobility’s participation in GITEX Africa 2024 underscores its dedication to empowering startups and fostering a robust tech ecosystem in Africa. Nigerian entrepreneurs and tech enthusiasts can look forward to seeing how Afrimobility’s investments and partnerships are shaping the future of technology on the continent.
