According to yourstory.com, Last year, Microsoft had launched Microsoft 4Afrika Initiative to enable world-class companies emerge from Africa. The initiative helps African tech entrepreneurial ecosystem by empowering local startups with Smart Capital. Smart Capital doesn’t just bring in money but also technical skill development, business mentoring, sharing of best global practices and access to markets with infrastructure provided by local partners.
Fernando de Sousa, general manager of Microsoft 4Afrika, said, “A critical success factor in driving the economic success of entrepreneurs in Africa is access to capital together with a solid incubation foundation. Microsoft 4Afrika is partnering with local organizations in creating opportunities for ‘smart capital’ to be available to our young innovators.”
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