Bloomberg opens call for Africa’s most innovative startups

Bloomberg has announced the launch of its inaugural AFRICA Startups to Watch list, to find the smartest ideas and founders from all over the continent. Diversity of founders, workers, locations, backgrounds and ideas, produces the coolest companies, and Bloomberg hopes the final product will reflect that.

Decades ago, an African company was a pioneer in mobile money, helping millions of people conduct banking transactions in the absence of robust financial infrastructure. The continent still needs to surmount challenges, from getting electricity to 600 million people, reducing the impact of devastating climate change and boosting crop yields. And its startups, which now have access to superior technologies such as generative artificial intelligence, can help mitigate these difficulties and make life easier for the world’s youngest population.

In tandem, Bloomberg is looking for startups that seek to solve Africa’s challenges, has a unique idea that’s won over investors and customers, and are privately held. Startups will be required to demonstrate how their product is working, and also talk about their external funding. Bloomberg is seeking for enough qualitative information and detail to get a good sense of your business model, customer demand and why your product is unique. Specific claims will always beat out generic assertions.

The successful startups will be unveiled in the first quarter of 2025 and will be profiled on Bloomberg TV and other platforms.

Applications are now open until November, 8.

www.bloomberg.com

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