Eniolorunda to Lead Pan-African AI Growth Initiative

Tosin Eniolorunda, the Founder and Group Chief Executive Officer of Moniepoint, has been appointed as the honorary chair of the inaugural cohort of the Askya AI Growth Platform. This pan-African initiative, launched by Askya Investment Partners, aims to invest up to $2 million in 10 African Artificial Intelligence (AI) startups, with each startup receiving up to $200,000 to support their growth without equity dilution for the founders.

The platform is designed to assist startups in achieving product-market fit, strengthening their businesses, and accessing necessary customers and markets for scaling across Africa. The initiative aligns with the African Development Bank's estimate that inclusive AI deployment could add up to $1 trillion to Africa's GDP by 2035.

Eniolorunda expressed his commitment to supporting early-stage founders and emphasized the potential of African solutions in the global market. Babacar Seck, Founder and Managing Partner of Askya Investment Partners, praised Eniolorunda's experience in building a technology company that addresses African market needs.