Sanaga Ventures actively invests in and supports new and emerging ventures in Sub-Saharan Africa. They offer finance and coaching to assist in building the capacity of their partners to the stage where they can achieve financial sustainability and critical mass in their operations.
The business is structured on the philosophy that entrepreneurship should be the main driver in Africa’s economic growth, in particular the small- and medium-sized enterprises (SMEs) that provide much of Africa’s employment, income and hope for a better future.
Internet access is expanding rapidly across the continent, and with it new organizations are coming to help foster a budding tech startup scene. When thinking of tech hubs, Africa doesn’t exactly spring to mind. But the continent has had some amazing spurts of open innovation, with 45 collaborative hubs now open.
Sanaga Ventures understands this paradigm and trying to produce the capacity to help young Africans to succeed in this dynamic environment. They do this by selecting high-potential entrepreneurs and provide them with not only seed finance, but a package that includes the knowledge, network and non-financial resources to give them their best chance at success. Their end goal is to create an attractive opportunity for the investment community.
This company is one of the sponsors of the 2012 Cameroon Challenge which awards $5,000.