As part of its accelerator programme, Kenya’s Baobab Network has donated $50,000 to the Moroccan logistics startup Colis.ma.
The most recent group to go through the accelerator programme added five new start-ups from Morocco, Kenya, Guinea, Nigeria, and Togo to the Baobab Network collection.
Each startup will also get a customized, expert-led accelerator programme in addition to the $50,000 USD cash prize. Through a demo day, the programme connects startups with top seed investors and venture capitalists.
Christine Namara, who is in charge of ventures at The Baobab Network, said, “Once again, we have seen the power of African creation firsthand with this amazing group of start-ups.
Their passion, creativity, and determination to solve important problems in their towns and ecosystems have been truly inspiring. We are proud that they asked us to join them on this journey, and we can’t wait to see how they change the African environment and other places as we grow.
Colis.ma is a logistics platform that was started in 2022 by Issam Darui. It helps clients find, rate, and choose their transportation based on their personal preferences. It also helps transporters digitise their operations by letting them track their journey. It also makes it easy for customers and businesses to send and receive packages from anywhere in Europe. This helps companies reach more customers and grow their businesses.
“The insights and advice we got from their exceptional accelerator programme not only changed our course but also gave us a clear road map to grow and hit new heights,” said Colis.ma CEO Issam Darui. Baobab Network leaders are empowered individually. Each meeting demonstrates their real care. They’re unique. We’ve enhanced Colis.ma’s growth with their help. We’re thrilled and confident!”
Read also: Nairobi-based Accelerator, ‘The Baobab Network’ Invests $200,000 In Four African Startups
The accelerator also gave the same amount of money to Afrigility in Kenya, Eazy Chain in Togo, Poultry in Nigeria, and Mudu Pay in Guinea.
Afrigility is a Kenyan logistics startup that uses asset-light technology to offer B2B e-commerce services and on-demand storage solutions.
Eazy Chain, which used to be called Togo Cargo, offers an integrated logistics system that includes air, sea, and road freight services. This makes it easy for cargo to be moved from one place to another.
ePoultry is a Nigerian agritech company that helps chicken farmers get rid of structural inefficiencies by giving them input credits, advisory services, and a dynamic B2B marketplace.
MuduPay is a financial technology company based in Guinea. Using their world-class technology stack, they make it possible for Africans to move money online from anywhere.
African Fintech, Peach Payments secures $31M from Apis Partners
Impacting Africa’s tech ecosystem
The number of tech companies in Africa is on the rise. But while some new businesses do well, many fail in the first few years. There are many reasons why so many tech startups in Africa fail, and fixing these problems is key to creating a tech environment that is strong and can last.
Accelerators like the Baobab Network have helped the community. They give entrepreneurs the whole package, which includes money, coaching, and advice. They also help entrepreneurs find the right donors. New tech companies can keep going with the help of these mentors, which makes it less likely that they will fail.
“Our journey with these founders goes beyond the demo day,” said Niama El Bassunie, Managing Partner at “The Baobab Network.” Their passion and our dedication make it possible for them to grow and leave a lasting mark on Africa’s tech environment. As they figure out how to grow, we are ready to help them and look forward to the great strides they will make in their various fields.”