Hello guys,
Welcome to our weekly recap of the big news + funding in Ghana’s startup ecosystem. Here’s a look at the bold moves shaping the ecosystem this week.
- 10 female-led startups selected for Standard Chartered’s Women in Tech Accelerator Program.
- BezoMoney pivots to Exo AI, betting big on agentic finance for the continent.
- Ex mPharma COO Naa Akwetey joins Ashesi University as the new Chief Operating Officer.
- Jumia appoints Seleem Musibau as new CEO for Jumia Ghana.
- Ghana’s True Farms and Crux Global shortlisted among the 2025 Africa’s Business Heroes Top 50 Finalists.
- Envirofit completes Ghana’s first-ever carbon credit issuance sourced from clean cookstoves.
Accelerator & Incubator
10 female-led startups selected for Standard Chartered’s Women in Tech Accelerator Program.
Ten women-led startups have been selected to join the fifth cohort of the Standard Chartered Futuremakers Women in Tech (WiT) Accelerator Program, an initiative by Standard Chartered Bank. The incubator equips women-led or owned tech-enabled businesses with the essential tools, training and funding needed to scale their ventures.
The cohort includes AgriEase, GoGoPlus, Greenhusk Innovations, GardPath Technologies, Mansa Studio, MOCHCare, STEMAIDE, Wobil Technologies and WaxFarm.
Ghana’s True Farms and Crux Global shortlisted among the 2025 Africa’s Business Heroes Top 50 Finalists.
True Moringa and Crux Global have been named among the Top 50 finalists for the 2025 Africa’s Business Heroes competition.
Founded in 2013 by Kwami Williams and Emily Cunningham, True Farms is a vertically integrated supplier of regenerative skincare ingredients and a fast-growing clean beauty brand. Its products are sold both as private-label ingredients and under its brand in premium retail channels, including Whole Foods Market in the U.S.
Crux Global is a digital music company and artist services platform that enables music creators and brands to access global markets while retaining 100% ownership of their rights. Founded by Kofi Kyei, the platform offers free unlimited distribution to major streaming platforms, while providing transparent royalty management and detailed analytics to content owners.
Climate
Envirofit completes Ghana’s first-ever carbon credit issuance sourced from clean cookstoves.
For the first time, Ghana has completed the issuance and sale of internationally transferred carbon credits under the Paris Agreement’s Article 6.2 framework. At the heart of the project is Envirofit International, a social enterprise that manufactures and distributes cleaner cookstoves to households in Ghana. Since its launch in 2024, the initiative has delivered over 60,000 stoves to rural and peri-urban communities, reducing household air pollution, decreasing charcoal and firewood use, and significantly lowering carbon emissions.
The project was financed through an innovative $4 million debt facility provided by Spark+ Africa Fund, which is managed by impact investment firm Enabling Qapital. As part of the issuance, Ghana sold 11,733 credits to Switzerland. Switzerland will use the credits to meet part of its climate targets.
Talent Moves
Ex mPharma COO Naa Akwetey joins Ashesi University as the new Chief Operating Officer.
Ashesi University has announced the appointment of Naa Akwetey as its new Chief Operating Officer, marking a significant addition to the leadership team of one of Africa’s most respected higher education institutions. In her new role, she will oversee the operational functions that support Ashesi’s mission to educate ethical, entrepreneurial leaders for Africa. She will be responsible for leading and strengthening operations across Finance, Human Resources, Academic Registry, IT, Logistics, and Facilities.
Prior to joining Ashesi, Naa served as Chief Operating Officer at mPharma, a Ghana-headquartered health technology company operating across eight African countries. During her time there, she led strategy and operations across the group and helped build out patient-centred and social impact initiatives at scale. Notably, she developed mPharma’s Market Access as a Service (MaaS) platform into Africa’s largest pharma access solution, delivering medication access programs in partnership with global pharmaceutical giants such as Pfizer, Bayer, Sanofi, and Roche.
Jumia appoints Seleem Musibau as new CEO for Jumia Ghana.
Jumia, Africa’s leading e-commerce platform, has named Seleem Musibau as the new Chief Executive Officer of Jumia Ghana. Seleem brings over a decade of experience at Jumia, with a track record in commercial leadership and a firm grasp of the West African e-commerce market.
Before his appointment, he served as Regional Chief Commercial Officer, a position he assumed in February 2024. He also previously played a pivotal role in Jumia Côte d’Ivoire’s growth, serving as Chief Commercial Officer, where he helped drive market expansion and operational performance.
Product launch
BezoMoney pivots to Exo AI, betting big on agentic finance for the continent.
Ghana-based fintech BezoMoney has rebranded as Exo AI following an internal acquisition. The transition, which involves the acquisition of BezoMoney’s assets and team by Exo AI, positions the new entity to build on the foundation created by BezoMoney. With the rise of artificial intelligence and the growing complexity of consumer financial behaviour, Exo AI represents the next evolution, offering intelligent, real-time financial guidance and decision support to everyday Africans. The company is building a chat-based assistant that connects to users’ bank and mobile money accounts, analyses financial behaviour, and suggests personalised products and actions.
📬 That’s all for this week. Want to feature your startup, funding round, or product launch? Subscribe and email us at info@theinnovationspark.com
—
Curated by The Ghana Innovation Journal, tracking Ghana’s startup momentum.
