African Unicorns announces the selection of 40 African startups for this first edition. Among them, 8 will receive, in Casablanca, Morocco, on April 27, 2023, a trophy that designates them as potential future leaders of African technology.

Africa Unicorns reveals the 40 African startups selected for this year's inaugural edition of African Unicorns. The 40 startups selected have been in collaboration with BCG X, BCG's technological design and development unit. The selection was based on economic performance criteria such as fundraising, revenue growth and the level of traction they offer in their market. In this first edition, Africa Unicorns will award 8 trophies in 7 categories, including the ESG trophy.

With their disruptive innovations and ambition, the selected African start-ups are evolving in various fields such as biotechnology, medical technology, e-commerce, financial technology, green technology, energy, mobility, as well as artificial intelligence and big data. They come from several African countries such as Morocco, Senegal, Kenya, Nigeria, South Africa, Tanzania, Rwanda, Togo, Egypt, Tunisia, Ghana, Tanzania and the Democratic Republic of the Congo (DRC).

In collaboration with Orange, BCG X, AfricInvest, CGEM and Royal Air Maroc, Africa Unicorns announces that the startups selected for each sector are:

In the BioTech and MedTech category: 54gene; Biothesia; Carepoint (Africa Health Holding); LifeQ; mPharma and Yodawy.

In the e-commerce and services category: DabaDoc; MaxAB; TradeDepot; Trella; Wasoko (Sokowatch) and Yassir.

In the Fintech & InsurTech category: Asante Financial Services Group; FairMoney; Jumo; MFS Africa; M-Kopa; Moove Africa and PalmPay.

In the GreenTech & Energy category: Bboxx; Cloudfret; Daystar Power; Nithio; Solarise Africa and Zola Electric.

In the Mobility and Logistics category: Ampersand; Gozem; Kobo360; Max;, Planet42 and Sabi.

In the SAAS, AI, Big Data category: Gro Intelligence; Instabug; InstaDeep; Jambo (Financial Software); Ramaniet RapidDeploy.

The selection of these start-ups reflects the commitment of African Unicorns and its partners to showcase Africa's most promising companies, while providing the selected start-ups with a platform to connect with investors and business partners to support their scale.

For Mehdi El Alj, founder of African Unicorns:
«Over recent years, African start-ups have been investing in new fields of activity and deploying truly disruptive innovations that provide a significant competitive advantage in the African countries in which they operate. Transformers of technological, industrial and energy sovereignty, these start-ups will allow Africans to overcome the challenges they face. We must support this momentum and encourage the development of a virtuous ecosystem around AfricaTech.”

Africa is now home to almost a dozen unicorns, thanks to the emergence of a thriving startup ecosystem that has tripled its number in just a few years. Although African technology is dominated by English-speaking countries, several African countries such as Algeria, Tunisia, Morocco, Ivory Coast and Senegal are also becoming attractive territories for investors.

Source: EcomNewsAfrique