Corporations are playing an essential role in Africa’s startup ecosystem by providing funding, mentorship, and vital resources to help businesses grow. Companies like Google and Orange Ventures offer grants, co-investments, and loans tailored to the needs of startups, while firms such as Qualcomm and Visa support startups with technical guidance and market access. In 2023, fintech led corporate investments, followed by cleantech and healthtech. These partnerships are proving effective, with startups benefiting from combined funding and mentorship, leading to a 78% increase in revenues within just six months.
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