The United States African Development Foundation Authorizes $25,000 Investments for each of the African Diaspora Network's 11 Award-Winning Entrepreneurs
SILICON VALLEY, Calif., Nov. 16, 2022 /PRNewswire-PRWeb/ -- This funding will be used to support the African organizations honored in the BAF 2022 cohort. Each organization is impact-oriented, African-led and -owned, and represents the healthcare, education, agriculture, renewable energy, and menstrual health sectors. Since 2018, ADN has recognized and catalyzed 53 African startups in 5 cohorts, recognizing the rising stars of African entrepreneurship as they build the continent's future through nonprofit and for-profit businesses addressing the needs of their communities.
- According to Almaz Negash, ADN's Founder and Executive Director, "Builders of Africa's Future began as an idea to support grassroots African entrepreneurs.
- The Builders of Africa's Future program provides the opportunity for entrepreneurs to pitch their businesses at the annual African Diaspora Investment Symposium.
- Founded in 2010, African Diaspora Network (ADN) is a Silicon Valley-based nonprofit that promotes entrepreneurship and economic development on the African continent and in the communities where the African diaspora live.
- The U.S. African Development Foundation is an independent U.S. government agency established by Congress to invest directly in African grassroots enterprises and social entrepreneurs.