Nigeria’s Ambassador to Germany, Yusuf Maitama Tuggar says African StartUps companies need innovation, partnership and networking to thrive globally.
Ambasador Tuggar stated this at the just concluded StartUps Afrika event held in Lagos.
StartUps Afrika is one of the developmental expressions of Lead Africa International e.V. funded by the State Ministry of Baden-Württemberg, Germany through the Foundation for Development Corporation (SEZ).
According to him, Africa and Nigeria in particular hold the ace for the economy of the continent. Ambassador Tuggar who joined virtually for his keynote address, spoke on the needs for the participants to innovate for change.
Managing Director of Baden-Württemberg Development Corporation Foundation (SEZ), Philipp Keil, expressed the belief that startups can play a key role to create a social and ecologically transformed economy in Africa and Baden-Württemberg.
Keil noted the move is what is needed to accomplish the UN Agenda 2030 and the agenda 2063 of the Africa Union.
“StartUp Afrika is a program designed to support innovative startups through intercontinental exchange and network plus funding.
“The State of Baden-Württemberg has set out to expand partnerships with counterparts on the African continent.
“As an export driven region and promoter for sustainable ideas, startups and innovative partnerships play a key role.
“The Foundation of Development Cooperation has gained some experience in social entrepreneurship.
“It believes that a common future gets accomplished through partnerships, goal 17 of the SDGs, and through collaborative work and network” Keil said
Timi Olanrewaju, executive Director, Lead Africa International, explained the organisation is hosting the programme because it is an international non-governmental, non-profit organization registered in Stuttgart, Germany with the main purpose of creating and facilitating platforms that focus on capacity-building for sustainable development.
Olanrewaju added the organisation’s mission is to promote knowledge of policies that enhance the lives of Africans and people of African descent.
According to Olanrewaju, 100,000 euros is set aside to support 20 companies that will be elected at the end of the workshop, which will be divided based on their needs after their pitches.