The Ugandan company Akaboxi can continue its project thanks to the support of OVO. Akaboxi has developed a handy digital system that tracks the individual savings of local farmers and organisations. Financing has been secured thanks to the contribution of Close The Gap and the OVO Acceleration Fund.
The project of Matunda Ventures is financed with the support of OVO. Matunda Ventures is a social business start-up that wants to use the production of fruit snacks to expand the socio-economic opportunities of farmers and young people in the Teso region, known as the fruit basket of Uganda.
Moulin du Nil Blanc Ltd' (MNB) from Rwanda is the first project financed by the OVO Acceleration Fund of OVO. "It is a very important step for the OVO Acceleration Fund," says general manager Björn Macauter, who points out that in the near future several African social and sustainable entrepreneurs will be eligible for financing.
In addition to its NGO and B2B models, Entrepreneurs for Entrepreneurs has now launched an investment fund too. The organization is currently engaged in negotiations with the King Baudouin Foundation to host the fund.
You also want to support African entrepreneurs? Donate now to the OVO Acceleration Fund.
From a donation of 40 euros, you will receive a tax certificate from the King Baudouin Foundation.