Digital Africa, an organization known for spurring African start-ups, has acquired a stake in Fatala Digital House- a tech firm in Ivory Coast.
In a statement, Digital Africa noted that the new investment will open new opportunities in the country and Western Africa at large.
According to Digital Africa, the new investment affirms its sustained commitment to making Africa a global tech hub.
The company’s acting Chief Executive Officer Isadora Bigourdan welcomed the new partnership with Fatala stating that it offers an opportunity for mutual gain.
“Digital Africa takes immense pride in supporting Fatala, a startup poised to become a key player in the Industry 4.0 landscape,” Bigourdan noted.
“Moreover, Fatala’s presence in Côte d’Ivoire sets the stage for numerous investment prospects, and we hope to pave the way for further opportunities in the region.”
Officials did not however disclose the value of Digital Africa’s investment.
Throughout its years of operations, the firm took part in the incubation of start-ups across the continent through funding and mentorship.
One of its popular programs named ‘Talent 4 Startups’ has facilitated training for tech talents before linking them to employers in tech startups since its launch in 2021.
This way, the organization not only helps to nurture tech professionals but helps to bridge the gap between start-ups and labour with matching skills.
Digital Africa and its work
So far, Digital Africa has offered 280 scholarships across 10 countries in the continent and has made eight notable partnerships.
The firm’s commitment is “To help African solutions emerge by providing at least €130 million in funding from AFD-Proparco group.”
On the other hand, Fatala Digital, is driving the digital revolution in West Africa and is well known for assisting organizations in digitization.
In particular, Fatala assists organizations in planning and executing artificial intelligence (AI) projects.
Africa remains a hub for start-ups. A survey by Disrupt Africa however revealed a drop in funding for the first quarter in 2023.