Google Startup Fund: 12 Kenyan Startups Selected for KSh 479m Black Founders Fund – Tuko.co.ke
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Twelve Kenyan startups founded by Kenyans have been selected for Africa's Google Black Founders Fund (BFF).
The startups are among the 60 eligible African businesses selected for the programme's second cohort.
The businesses will receive a share of KSh 479.2 million in funding to support their growth and development.
Google will support the startups in terms of training for six months to help solve problems, workshops, support networks and community-building sessions.
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The grantees will also get non-dilutive awards of between KSh 6 million – KSh 12 million and up to KSh24 million in Google Cloud credit.
The startups are 50% women-led businesses in Africa that deal in fintech, healthcare, e-commerce, logistics, agritech, education, hospitality and smart cities.
The 12 Kenyan grantees include Ajua, BuuPass, DohYangu, FlexPay, Keep IT Cool, Leja, Solutech, Synnefa, TIBU Health, TopUp Mama, Zanifu, and Zuri Health.
Other startups were selected from Nigeria (23), Rwanda (6), South Africa (5) and Uganda (4), among other African countries.
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Google for Startups programme started in 2012 and has created over 4,600 jobs and raised more than $290 million (34.9 billion) in funding.
The fund seeks to help startup founders level the playing field by building better products and services that add value to the African economy.
In separate news, TUKO.co.ke reported that Kenyan investors increased shares at Nairobi Securities Exchange (NSE) on Monday, September 5.
Kenya's Eurobond yields plummeted as investors as stock turnover increased by 70% to KSh 448.1 million.
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Source: TUKO.co.ke
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