US-based software giant Microsoft is looking to scale up to 10 000 African start-up companies in the next five years. start-ups SMEs funding AfricanInvestment
US-based software giant Microsoft is looking to scale up to 10 000 African start-ups in the next five years.
According to Awosika, Microsoft is currently already supporting already over 1 000 start-ups through its transformation office, and the immediate goal is to sign up 3 000 businesses. “South Africa iswell-established as one of the top four start-up ecosystems on the continentand is leading the way for successful exits with more than one-third of the acquisitionsacross the African tech space since 2015,” said Lionel Moyal, commercialpartner director at Microsoft South Africa.
In a statement, Microsoft says Azure is a key component in BancX’s vision to change the financial services landscape in Africa and beyond. Microsoft's ongoing commitment to BancX, through its various initiatives, provides further fuel for the start-up’s growth, it adds. The Africa Transformation Office has engaged with more than 1 500 African start-ups through a series of online and physical engagements, and hosted 10 start-ups at GITEX in Dubai recently, including Q-Hop and BancX.During the event, they had meetings with potential investors and customers, as well as engagements with the Microsoft leadership team to develop their joint customer pipeline.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Best bang-for-buck gaming laptops in South AfricaGaming laptops with respectable performance start from around R16,000 in South Africa.
Read more »
Creditors hit comedian Loyiso Gola up for almost R500 000 | City PressCreditors have threatened to obtain a writ of execution against the internationally acclaimed comedian.
Read more »
Shekhinah allegedly slapped with R100 000 lawsuitShekhinah allegedly slapped with R100 000 lawsuit Singer and songwriter Shekhinah has been dragged to court for allegedly failing to pay back the money for a gig she failed to honour.
Read more »
Over 260 000 Grade 1 and 8 pupils placed in Gauteng schools – department | The CitizenThe Gauteng Department of Education says a total of 268 192 Grade 1 and Grade 8 pupils have been successfully placed at various schools in the province for the 2023 academic year.🏫
Read more »
Mzansi complains about expensive Kevin Hart tickets with VIP costing R17 000Kevin will be in SA next year in February for his comedy show. People were excited to see the US comedian till they found out how much it would cost them👇 KevinHart
Read more »
5 000 entrepreneurs graduate from Google’s Hustle Academy | The Citizen💼📈5 000 African business owners graduate from Google’s Hustle Academy, which provides business training and mentorship to entrepreneurs. Read the full story here: GoogleHustleAcademy
Read more »