Nigerian startups will be powered by Accelerate Africa and Itana.
Nigeria’s Itana, a digital free zone driving Africa’s digital economy, has partnered with Accelerate Africa in a strategic relationship to give up-and-coming companies the resources, connections, and on-the-ground assistance they need to grow and address major issues around the continent.
With the Itana digital zone, which offers a one-stop shop for establishing operations in Nigeria and competitive advantages in the areas of banking, legislation, immigration, taxation, and technology, global and pan-African technology and service-oriented enterprises can operate effortlessly throughout Africa.
It also includes the soon-to-be Itana District campus in Lagos, a community for Digital Residency, and a carefully curated marketplace for reliable traders. In contrast, Accelerate Africa is a pre-seed and seed stage accelerator program that supports up to 10 entrepreneurs with support in go-to-market strategies, product development, storytelling, team building, and funding. It runs many cohorts annually.
Through the two organizations’ relationship, Itana will provide direct assistance to participating enterprises in registering their operations within the Itana Zone, thereby augmenting the impact of Accelerate Africa. With this registration, these firms will have a competitive advantage in their industry by utilizing the special advantages of Itana’s digital infrastructure, regulatory support, and community resources.
The program will get critical financial support from Africa Finance Corporation (AFC), a significant finance partner for Itana, guaranteeing that these entrepreneurs have the tools they need to meet their expansion objectives. AFC’s involvement significantly improves the collaboration’s ability to drive transformative change across Africa’s entrepreneurial ecosystem.
Luqman Edu, CEO of Itana, stated, “Our partnership with Accelerate Africa marks a significant milestone in Itana’s mission to empower African entrepreneurs.” “By providing these startups with direct access to Itana’s platform and resources, we’re helping them gain a competitive advantage and scale their businesses more effectively.”
