July 25, 2019 IBOMLLC Team

Germany Africa Business Forum announces multi-million Euro funding commitment to invest in German-African energy startups

Germany Africa Business Forum

Innov8tiv
Innov8tiv – Blacks In Technology in USA, UK, Caribbean Islands & Africa

The Germany Africa Business Forum (GABF) brings together Africa’s foremost executives with German companies, investors and innovators with the aim of driving change

The Germany Africa Business Forum e.V. (“GABF”), whose goal is to strengthen investment ties between Germany and Africa, announced it has, in collaboration with private partners from the energy industry, launched a multi-million Euro funding commitment to invest in German energy startups that focus on Africa. The funding commitment, which pledges funds to German startups with exposure to African energy projects, will be the first such intra-regional initiative.

Our initial goal is to support the investment in German companies and to start with funding allocations by the end of this year”, said Sebastian Wagner, co-founder of the GABF.

“Through our partners, we will immediately get involved in investing in solutions-driven German startups with pragmatic business models to solve Africa’s energy challenges through the provision of German technology and innovation”, he added.

The future of Africa’s energy industry will depend on technology and innovation. When German start-ups and Africans work together, we can build something unique for both our peoples. I applaud the GABF for this …read more

Read more here:: Germany Africa Business Forum announces multi-million Euro funding commitment to invest in German-African energy startups

      

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