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Safaricom to expand investment in early stage startups across East Africa

Safaricom to expand investment in early stage startups across East Africa

  • Early stage startups in East Africa are set to benefit from the launch of a new accelerator programme by tech giant Safaricom.
  • Safaricom is partnering with M-PESA Africa and Sumitomo Corporation, a leading Fortune 500 global trading and business investment company. 
  • The accelerator plan dubbed Spark Accelerator is aimed at supporting early stage startups to grow and scale their businesses. 

Early stage startups in East Africa are set to benefit from an accelerator programme by Safaricom in partnership with M-PESA Africa and Sumitomo Corporation, a leading Fortune 500 global trading and business investment company. 

The accelerator dubbed Spark Accelerator is aimed at supporting early stage startups to grow and scale their businesses. The program will provide target startups with access to market, access to capital, technology and product development support. Previously, Spark Fund only offered capital injection.

Early stage startups to get mentorship

Safaricom CEO Peter Ndegwa says the move

The post Safaricom to expand investment in early stage startups across East Africa appeared first on The Exchange.

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