• Latest
  • Trending
Deal Source Africa seeks to help African businesses secures funding gap

Deal Source Africa seeks to help African businesses secures funding gap

May 30, 2023
Infinix Note 50 Pro: Smartphone Health Monitoring Redefined

Infinix Note 50 Pro: Smartphone Health Monitoring Redefined

September 28, 2025
The Dark Side of Social Media: Africa’s Digital Detox Trend

Can Google’s AI-augmented textbook, ‘Learn Your Way,’ transform African education?

September 28, 2025
How fintech is transforming the insurance sector

How fintech is transforming the insurance sector

September 28, 2025
Prosus-owned OLX to acquire French auto platform La Centrale in €1.1 billion deal

Prosus-owned OLX to acquire French auto platform La Centrale in €1.1 billion deal

September 28, 2025
Tunji Olowolafe’s GOMTECH ICT Centre and GOMCSS projects debut in Ekiti

Tunji Olowolafe’s GOMTECH ICT Centre and GOMCSS projects debut in Ekiti

September 28, 2025
Jumia Uganda adds Spiro electric bikes to its delivery fleet

Jumia Uganda adds Spiro electric bikes to its delivery fleet

September 28, 2025
Nigeria to host Africa’s largest Web3 event – Onchain Festival 2025

Nigeria to host Africa’s largest Web3 event – Onchain Festival 2025

September 28, 2025
Kuwait expands digital skills initiative with Google Cloud

Kuwait expands digital skills initiative with Google Cloud

September 28, 2025
Emergent secures $23M to launch AI app builder in MENA

Emergent secures $23M to launch AI app builder in MENA

September 27, 2025
Larry Ellison’s Oracle names two new CEOs amid TikTok’s deal

Larry Ellison’s Oracle names two new CEOs amid TikTok’s deal

September 27, 2025
Your one-stop tech hub! Get the latest updates on AI, cybersecurity, fintech, and emerging technologies.
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Tech TV
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Tech TV
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
Techpression
No Result
View All Result
Home Tech News Africa Tech News

Deal Source Africa seeks to help African businesses secures funding gap

Felicia Akindurodoye by Felicia Akindurodoye
May 30, 2023
146 4
0
Deal Source Africa seeks to help African businesses secures funding gap
465
SHARES
Share on FacebookShare on TwitterWhatsAppTelegram

It will be intriguing to watch in the long term, something substantial that might emerge out of a new initiative that aims to empower African businesses.

This comes in the shape of Deal Source Africa, which is a comprehensive programme that aims to connect African firms with investors and transaction consultants as well as connect African Impact Funds with investors.

At the West Africa Deal Summit, which took place in Accra recently, the project was presented to the public for the first time in its official capacity.

The program’s organisers claim that it will help to close the funding gap of $331 billion for African small and medium-sized enterprises (SMEs), particularly those with significant development potential, by providing solutions that are customised to fit the requirements of their respective businesses.

RelatedPosts

No Content Available

Read also: NITDA to develop Africa’s technology in partnership with experts 

In addition, companies and funds can sign up for access to the platform at DealSourceAfrica.co, which was built with assistance from the Research and Innovation Systems for Africa (RISA) Fund of UKAid and was piloted in the year 2022.

According to the people in charge of organising the event, Source Africa is composed of a digital platform that brings together investors and entrepreneurs, in-person and online Deal Rooms in which businesses can meet investors, and Impact Fund Showcases in which investors can meet African venture funds and other local capital providers.

It has also come to light that seasoned transaction advisers are connected with firms in order to provide professional support to them as they proceed along their fundraising journey. The Deal Officers of the site are responsible for facilitating contacts with investors.

The leader of the Deal Source Africa programme, Justina Mensah, discussed the program’s achievements during the pilot phase, including how it helped 94 businesses connect with 18 investors in Deal Rooms and how it helped 45 businesses connect with transaction advisors for one-on-one support, which resulted in 3 investments being finalised. Mensah is also responsible for sharing the program’s successes.

She went on to encourage African companies, venture funds, and other local capital sources, as well as African firms that are looking to raise financing to sign up at https://DealSourceAfrica.com

 

Remarks from the CEO of Impact Investing Ghana

According to the CEO of Impact Investing Ghana, Amma Lartey, “The research is clear that growing SMEs can significantly accelerate the achievement of the SDGs and that creating more efficient connections between businesses, local funds, and limited partners could help deploy more appropriate patient capital. Innovative platforms like Deal Source Africa, built and tested with its users can therefore greatly accelerate the closing of the SME financing gap.”

Investing in Innovation Africa (i3) calls for applications from innovators

Remarks from the  CEO of the Nigeria National Advisory Board for Impact Investing (Nigeria NABII) 

While CEO of the Nigeria National Advisory Board for Impact Investing (Nigeria NABII) said Etemore Glover, “Deal Source Africa has the potential to become a significant enabler of financing for businesses and local capital providers across Africa. We are excited to be able
to collaborate with IIGh on this initiative and to see it grow across Africa through our partners in other countries. Africa-wide platforms with strong local partners are essential to fill the financing gap facing our businesses.”

Tags: Deal Source Africafunding gap
Felicia Akindurodoye

Felicia Akindurodoye

Felicia Akindurodoye is an experienced writer and researcher, whose watchword is originality.

No Result
View All Result

Quick Links

  • Tech News
  • Cryptocurrency
  • Fintech
  • Startups
  • Business

Follow Us:

  • facebook
  • instagram
  • Twitter(X)
  • Linkedin
  • YouTube
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 Techpression.com -Techpression Media Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in .

No Result
View All Result
  • Home
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Reviews
    • How To
    • General News
  • Cryptocurrency
  • Business
  • Fintech
  • Startups
  • Featured
  • Ai
  • Tech TV

© 2025 Techpression.com -Techpression Media Limited

techpression.com
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

3rd Party Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.