AFRICAN FINANCIAL FEDERATION
An Initiative by Government of Sub Sahara.
About
African Federation
African Financial Federation is a continuum of the Cambrian moment we are experiencing across the world, especially in Africa. We are more than excited about the African tech ecosystem. We believe it is the time of Africa.
Helping sustain this significant progress is the basis of the formation of AFF. Joining others in shaping the future of our dear continent is our shared vision and leadership thrust.
Our idea is to align with the renaissance story of Africa by establishing this award to recognize and celebrate those making a difference in Africa and as a result, inspire young Africans to dream and pursue their goals and build the Africa of their dreams. It is to create a new stream of role models and leaders.
Africa Is The Land of Oppurtunities
Let’s help African startups build for Africa and the world. We have designed this program for African founders and innovators. As a community of business leaders and innovators, our program has been fitted with tools and devices to speed up the understanding of African technology innovation and unlock the possible benefits of technology breakthroughs in Africa.
By this, we work with others so African founders and young business leaders can access a pipeline of mentors globally and also provide them with funding opportunities to join our industry-focused contest and acceleration program.
Together we will help to drive innovation and digitalization in every sector whilst boosting Africa’s competitive edge in the global economy.
The African technology and digital startup ecosystem are becoming one of the strongest in the world. Our mission is to accelerate that. By working with global businesses and African startups, we will be keeping our promises to support Africa in her ambition to become one of the leading global tech hubs in the world. We won’t do this alone but with industry players and believers in Africa. We’ll provide up to 10 teams with Maximum funding Possible and a platform to breed, as we develop businesses that will accelerate Africa’s prosperity.
Our AFF Fintech Fest & Awards celebrates and rewards leaders who are impacting the African market positively across the world
ADVISORY
Africa Finance Federation offers foremost advice on M&A and capital raising, provides management consulting to improve corporate governance. When you collaborate with AFF, you benefit from decades of financial and operational experience, broad industry knowledge, and a powerful network of relationships. Acting in your interest, we seek, get interested and close the deal with the best possible buyer/investor for your company, if you are looking to sell, and locate the best target companies to maximize your company’s value through merger or acquisition, if you are looking to buy.
CONVERGENCE
At Africa Finance Federation, we embrace networking as a fundamental tool for business growth, we initiate platforms/events that seek to create cohesion among individuals and stakeholders in various sectors of economic development. Our World Venture Capital Conference, Global Seed Funding Summit and World Finance Ministers Summit are an example of upholding the value of relations and knowledge sharing
The economic potential of Africa’s fragmented economic sectors is yet to be realized. The public and commercial sectors’ decision to prioritize the extractive industries has stunted the development of other sectors.
Track Record of Success
Empowering Consumer Electronics Record
MDR Investments’ founding team boasts a remarkable track record of success in the consumer electronics space. Our expertise in identifying and nurturing high-potential ventures has enabled us to play a pivotal role in shaping the industry’s landscape.
African Financial Federation
A Beacon of Social Responsibility
Our commitment to empowering underserved communities extends beyond the realm of AI investments. Through the African Financial Federation (AFF), our social responsibility arm, we provide financial support, mentorship, and networking opportunities to promising African startups, fostering a thriving entrepreneurial ecosystem on the continent and a pool of inspiring new role models
Long Term Patient Capital
Africa’s vast mineral wealth remains largely untapped, with only 5% of its reserves currently being mined. Unlocking this potential requires long-term financing for mega-mines and integrated rail and port infrastructure. Our focus is on making investments in the Large Cap space, by providing patient long-term capital for such large-scale, high-risk projects.
Anchoring minerals extraction and supporting logistics infrastructure would also open up supply chain opportunities across the African continent. MDR Investments has an investment thesis aimed at providing such patient capital and supporting the build-out of critical mining and infrastructure projects in Africa. While mining is a pivotal catalyst, connected investment possibilities across infrastructure, supply chain, real estate, and construction remain equally promising
FAQs
We Have Answer
for your Questions
Don’t take confusion in your mind about Aff. We answer your confused question here clearly.
Founded by Group of People from Africa with strong Positions held along with the CEO of Maser Group, AFF is a cross-border startup capital initiative to provide seed funding for post-revenue, early-stage start-ups in fintech, deeptech, consumer electronics, insurance, healthcare and agritech. We recently announced this in one of the leading newspapers in West Africa, The Punch newspaper that we would be providing $20m to support 20 early-stage start-ups. This reflects our commitments to supporting founders who are building the future in Africa, India and UAE.
We work with early-stage tech start-ups across Africa, UAE and India. It therefore means that if your solution creates or relies on technology to solve a problem, has an MVP and a bit of traction (sales revenue) you are welcome to apply.
WHAT WE LOOK FOR:
- A team of 2 or more founders
- Strong teams that have the right skillset and expertise to take their startup forward.
- Novel ideas and business models that have the potential to scale.
THROUGHOUT AFF CAPITAL INITIATIVE PROGRAM, ACCEPTED TEAMS RECEIVE THE FOLLOWING
- We take equity in each start-up in exchange for the support and services offered throughout our startup programme along with the $200,000 USD investment.
- Training, pitch practice, and specialized services.
- Mentorship from industry leaders.
- Access to our startup and investors community.
The participants can participate by following the simple process mentioned below. Visit on www.aff.com/startuppitch Go to the AFF Startup Contest page and click on Register / Apply Now button Fill the preliminary registration form for the contest Proceed ahead with filling the detailed registration form Boom! You're now registered. Your entry has been forwarded to the screening process, you will be notified if you are selected for the pitching.
AFF Capital Initiative startup programme starts with 2 weeks of intensive consulting from AFF Network, followed by 2 months of hands-on support from our venture partners and our network of partners/experts. The programme is remote to ensure founders are not taken away from their businesses for extended periods of time.
MUST I LIVE IN AFRICA TO PARTICIPATE?
This competition is open to startups across the world solving African challenges.
CAN I PARTICIPATE IF MY COMPANY IS STILL IN THE PROTOTYPE STAGE?
No. Our criterion is that you must have moved beyond the MVP stage or should be post-revenue.
WHO SHOULD PITCH AT THE COMPETITION?
Any employee of the company may submit the application to the competition on behalf of the company's founder, however, only one of the founders must pitch at the competition.
HOW DO YOU EVALUATE THE STARTUPS?
We have a rigorous evaluation process. Your application was first evaluated by the AFF’s board of directors’ evaluation team who provides feedback on each applicant. This information is then given to the AFF Startup funding and awards committee in our AFF headquarters for further analysis and processing. Finally, the top startups and awardees are selected and duly informed.
Yes. We provide a cross-border tech support for startups established in Africa, UAE and India. We are interested in founders who are addressing the pain-points in those markets and would provide them the capital they need to take their ventures to the next level.
Yes, we welcome new advisory members.
Board members of AFF Network are on the lookout for start-ups with strong fundamentals, great teams, innovative growth strategies and products that resonated with our chosen markets.
We want to work with individuals, Development Finance Institutions (DeFIs), private businesses and government institutions who are passionate about joining us to provide funding, support and advice to companies coming through AFF Capital Initiative Startup programme.
If you are interested in joining us, you can send you letter of interest or reach out to AFF network member (s) to nominate you and we would take it up from there. AFF nominations are yearly and a voting process is applied to interested members.
If you’d like to join thousands of other investors in receiving regular updates when AFF portfolio companies are raising, please sign up to our co-investor community below.
We are working with some global Family Offices, PE/VC firms and we have connected with venture partners who have a full grasp our chosen markets.. Working with AFF network would give you access to large capital pool from the following:
- HNW Investors
- Deal Flow of viable Startups
- AFF Management of Portfolio Companies
- Arranging Exits (IPOs / Private Placement)
- Setting-up your Strategic Alliances and Partnerships across Africa, UAE and India and the world.
It is a cross-border platform to promote innovations across Africa and the Middle-East and give recognition to innovators and business leaders writing the African renaissance stories.
It is backed by world-renowned businesses like Maser and the governments of Africa and Bahrain, it will boost fintech support and advance the adoption of emerging technologies across both continents.
AFF Fintech Fest & Awards was baked to celebrate the African rising story and to push for the emergence of more African champions. We seek these important traits:
- Visionary leadership across different sectors
- More innovative solutions that address African grand challenges.
- Tech-driven solutions with local inputs or relevance to Africa.
- We’ll be integrating the tripartite matrix of policy innovations, business leadership, and research development together to boost African development while helping founders access funding and markets. By so doing, we’ll stimulate the next industrial revolution and create more African champions in the in digital space.
We are looking for early-stage technology startups who are seeking funding (under US$ 200,000) and have moved beyond a minimum viable product or working prototype (past ideation stage). Also, we would give priority to female-led startups or teams with female founders.
For startups residing in Africa or addressing African pain-points, this program will provide you with:
Highlights:
- Access to business support from our network of industrial and technology experts.
- Pitch and industry workshop – Focused workshops to help startups win and also build a greater Africa.
Pitch to targeted decision-makers from various industries. - You will learn from other innovators and investors across the different sectors of the African market.
- Enjoy mentorships from renowned Industrial leaders and sponsors, like the CEO of Maser, Mr. Prateek Suri.
- Be recognized and receive awards from eminent leaders in global business.
An opportunity to convert business prospects to regular clients.
PARTNERS
Support and Trusted.
Our partners are more than collaborators; they are strategic allies in our shared journey of fostering innovation and driving transformative change.
United by a common vision, our partners play a pivotal role in co-creating success stories that redefine industry standards and push the boundaries of what’s possible.