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Africa: Seven Businesses Win African Impact Innovation Fund
Source: Google Alert
Source Date: Wednesday, March 26, 2014
Focus: Institution and HR Management
Created: Mar 26, 2014

They were picked by the Global Impact Investing Network (GIIN) who will play an administrative role to manage the IEIF on behalf of the Tony Elumelu Foundation and the Rockefeller Foundation.
Eme Essien Lore, Senior Associate Director at the Rockefeller Foundation, Africa Regional Office confirmed that the business ideas received through the IEIF reflect the extensive entrepreneurial potential that exists in Africa.
“The winners were selected for their work in bridging the gap between African businesses and financing options,” CEO of the Tony Elumelu Foundation Dr. Wiebe Boer added.
Boer who is also part of the GIIN committee said the Foundation(s) are excited to be part of the process of supporting interventions that contribute to sustained economic development across the continent.
Meanwhile, winners of the grant expressed renewed commitment to providing support services to stakeholders with the additional resources at their disposal.
“The IEIF grant will assist us to augment our portfolio of services with improved interventions for social enterprises and enable us increase the potential for success for start-ups that go through our incubation program,” grant winner, John Kieti of M.Lab, Kenya said.
“This funding is by far our most remarkable opportunity to date and we intend to fully leverage the advantages to deliver some key outcomes for the Ghanaian and African start-up ecosystem,” William Senyo the CEO of SliceBiz, another winner from Ghana added.
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