URA URA URA
  • EDITORIAL POLICY
  • ABOUT US
PML Daily
No Result
View All Result
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines
No Result
View All Result
PML Daily
No Result
View All Result
Stanbic Stanbic Stanbic
Home BUSINESS

CHIL Group launches $90K venture capital fund for African tech startups

OUR REPORTER | PML DailybyOUR REPORTER | PML Daily
November 4, 2022
34 1
25
SHARES
499
VIEWS
FacebookWhatsAppTwitter
Shamim Nabuuma Kaliisa, a co-founder and shareholder in the company (PHOTO/Courtesy).

DOVER, DE — CHIL AI Lab Group  has announced a new venture capital fund set to transform technology investment in Africa, following a decision by the company board of directors.

The venture capital fund, worth $87,500, is geared towards early-stage African technology startups whose products are in line with the continent’s development.

The fund will seek companies and founders in Artificial Intelligence, FinTech, Property-tech, and retail sectors; as long as they embody values that investors align with.

Four outstanding startups will benefit, with guaranteed international media coverage and investor pitch training.

According to Shamim Nabuuma Kaliisa, a co-founder and shareholder in the company, at least $35,000 of the fund is dedicated to getting media exposure for the startups.

“I am a product of being given. So many prominent billionaires give me money, which the world never gets to know about, and I feel I should give a helping hand to those who are in the situation I was once in,” she states.

Nabuuma adds that CHIL Group wants to support founders who are working on the many challenges Africa faces that technology can instantly solve.

The venture capital fund is set to start in March 2023 and more details on how to benefit will be shared.

Share this:

  • Twitter
  • Facebook

Related

Leave a comment

Tags: chil foodChil groupFeaturedShamim Nabuuma Kaliisatop

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe

Discussion about this post

UBTEB UBTEB UBTEB


About

The PML Daily, published via www.pmldaily.com is a publication of Post Media Ltd, a professional Digital/New Media company in Uganda.

Follow us

  • EDITORIAL POLICY
  • ABOUT US

© 2023

No Result
View All Result
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines

© 2023

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist