Visa Foundation, in partnership with AfriLabs and RAD5 Tech Hub, will hold the RevUp Women Abia Demo Day and Awards Ceremony on Friday, 24th, at the commercial city of Aba.
Reacting to the much-anticipated event, Igwe Uguru, RAD5 Tech Hub Co-founder, shared details of the event and the key deliverables lined up for the one-day event at the RAD5 Tech Hub Office in Aba.
” In just 48 hours, the stage will be set for the RevUp Women Abia Demo Day & Awards Ceremony”, Uguru said
” Our Top 10 women entrepreneurs are ready to pitch bold ideas and compete for $8,000 in equity-free funding. The ideas are ready. The founders are ready. The moment is here. Who will rise and take the $8,000? Stay tuned,” He added.
The event is slated for Friday, April 24, 2026, at 11:00 AM at the RAD5 Tech Hub Office in Aba. The Abia State Commissioner for Women Affairs, Dr Maureen Ijeoma Aghukwa, will be attending the event to support the women-themed initiative.
The $8,000 grant from Visa Foundation is part of its Equitable Access Initiative. The initiative seeks to support gender-diverse and inclusive small and micro businesses (SMBs).
Afrilabs, the key partner of the RevUp Women Initiative, is a beneficiary of a $1 million commitment from the Visa Foundation. Visa hopes to invest in society by empowering women. Target countries for the empowerment program include Nigeria, Kenya, Cameroon, the Democratic Republic of Congo and South Africa.
Visa Foundation’s Financial Footprints in Africa
The Visa Foundation’s total financial footprint in Africa is driven by its global $200 million Equitable Access Initiative. This was launched in 2020. Despite the $200 million being a global pool, several specific multi-million dollar allocations have been carved out for African entities by other players.
US government entities announced a $5 Million Digital Economy Commitment in connection with U.S. government initiatives. This fund is dedicated to increasing African women’s participation in the digital economy through grants and impact investments.
Visa Inc., a separate entity from Visa Foundation, pledged to invest $1 billion in Africa. The funding targets 2027 to scale its operations and mobile payments. The Visa Foundation’s grants act as the social impact arm of this larger corporate investment
