While the partnerships are wholly aimed at boosting and accelerating Africa’s burgeoning tech space, the new deals will also have a focus on giving support to African women in technology.
“At Absa, we understand that informal markets and small businesses are instrumental in the growth of African economies. Through the Absa Digital Partnerships ecosystem, we aim to drive and support the growth of innovative and mature tech start-ups as well as their impact in the different communities,” said Michelle Anderson, Head: Information and Technology Office Strategy and Group Partnerships at Absa.
“By collaborating with MEST, CiTi and Grindstone, we will amplify efforts to unlock new opportunities across a wide spectrum of the entrepreneurial landscape in Africa, from female founders to green-tech start-ups.”
Ian Merrington, CEO of CiTi says, “Inclusive entry into the digital value chain for entrepreneurs and SMMEs, both in the formal and informal economy, plays a pivotal role in developing the South African economy. The Cape Innovation & Technology Initiative believes that we can create opportunities for the execution of new ideas and growth by providing education and access to technology and innovation.”