Nairobi, Kenya (August 10, 2022) — Moody’s Corporation and Village Capital have launched their second Future of Work Africa program, this time accelerating 45 startups building for-profit, market-based solutions in education and employment that can help young people in sub-Saharan Africa better prepare for the future workplace.
Selected from a pool of 196 applicants, the 45 startups are sourced from 23 countries in the region and will be distributed between two cohorts - a core cohort of 15 startups, and an expanded cohort of 30 startups that will undergo self-guided training, extensive virtual support and engagement with mentors.
“Meaningful employment for African youth is foundational to improving financial health and driving a strong economy. With one-third of the 600 million young people entering the global labor market by 2030 projected to be a young African, there’s a great need to strengthen models that bridge the skills gap, enhance employability, and prepare job candidates for the shifting job landscape. Entrepreneurs across the region are already developing scalable solutions and we’re proud to continue supporting them through this program,” said Audrey Mate, Program Manager - Africa, Village Capital.
Each startup selected for the accelerator will work closely with mentors, potential clients and partners, as well as investors to help scale their impact, using tools developed to help their self-evaluation, such as Village Capital’s Abaca.
Below are the startups selected as the core cohort of the Future of Work Africa 2022 program:
Visit the program page here to view the full list of startups selected for Cohorts 1 and 2.
For more information and media inquiries, reach out to Eva Waweru at Village Capital (email@example.com).