Deal Supply Africa, a complete program to attach African companies with buyers and transaction advisors and African Affect Funds with buyers has fficially launched on the West Africa Deal Summit held in Accra yesterday.
This system will assist to bridge the $331 billion funding hole for African SMEs, particularly these with excessive progress potential by providing options which can be tailor-made to fulfill their enterprise wants. Companies and funds can enroll at https://DealSourceAfrica.co/ to entry the platform which was developed with funding from the Analysis and Innovation Methods for Africa (RISA) Fund of UKAid and piloted in 2022.
In line with the CEO of Affect Investing Ghana, Amma Lartey, “The analysis is obvious that rising SMEs can considerably speed up the achievement of the SDGs and that creating extra environment friendly connections between companies, native funds, and restricted companions may assist deploy extra applicable affected person capital. Modern platforms like Deal Supply Africa, constructed and examined with its customers can due to this fact enormously speed up the closing of the SME financing hole.”
Deal Supply Africa includes a digital platform that connects buyers with companies, in-person and digital Deal Rooms the place companies can meet buyers, and Affect Fund Showcases the place buyers can meet African enterprise funds and different native capital suppliers. Skilled transaction advisors are linked with companies to offer skilled assist alongside their fundraising journey. The platform’s Deal Officers facilitate connections with buyers.
Etemore Glover, CEO of the Nigeria Nationwide Advisory Board for Affect Investing (Nigeria NABII) stated “Deal Supply Africa has the potential to turn into a major enabler of financing for companies and native capital suppliers throughout Africa. We’re excited to have the ability to collaborate with IIGh on this initiative and to see it develop throughout Africa by way of our companions in different nations. Africa-wide platforms with robust native companions are important to fill the financing hole going through our companies.”
Justina Mensah, who leads the Deal Supply Africa program shared the successes this system has achieved through the pilot section, together with enabling 94 companies to attach with 18 buyers in Deal Rooms and connecting 45 companies to transaction advisors for one-on-one assist main to three investments being finalised. She referred to as on African companies who want to elevate financing, enterprise funds, and different native capital suppliers to enroll at https://DealSourceAfrica.co/