JOHANNESBURG, Nov. 23, 2022 (GLOBE NEWSWIRE) — November 2022 — Following the success of the MultiChoice Africa Accelerator program, which last year funded six burgeoning companies with $16 million, the program has expanded to eight more countries across Africa.

Many more small businesses in Africa’s technology sector now have the opportunity to benefit from the 2023 program, which provides the skills and opportunities needed to access transformative corporate finance.

“We are very excited to expand the MultiChoice Africa Accelerator Program to additional African countries,” said Calvo Mawela, CEO of MultiChoice Group, in announcing the launch. “This is part of our long-term commitment to growing and multiplying Africa’s technology potential, which is critical to our future growth.”

Launched during Global Entrepreneurship Week, the MultiChoice Africa Accelerator Program targets established start-ups and small businesses in specific technology sectors – Healthtech, Agritech, Fintech, Edutech, Circular Economy and Creative Industries.

“There is such incredible business talent across Africa,” said Mawela. “MultiChoice Africa Accelerator is an opportunity for investors and small businesses to work together to multiply the impact of this talent and scale it across Africa.”

The MultiChoice Africa Accelerator started in South Africa in 2021 and is expanding to Ivory Coast, Senegal, Nigeria, Ghana, Kenya, Zambia, Angola and Ethiopia. The initiative equips aspiring entrepreneurs to secure funding and grow their businesses, and also provides opportunities to reach out to international investors.

The President of the African Development Bank, Dr. Akinwumi Adesina, has done this before written down that “the private sector is Africa’s growth accelerator” and several African nations have supported small business development as part of their economic strategy. The MultiChoice Africa Accelerator addresses these development goals.

The MultiChoice Africa…