East Africa

Enry’s Island Africa enters the Metaverse with powerful first event for African entrepreneurs

NAIROBI-Enry’s Island, the first worldwide distributed platform for startup incubation and acceleration launched Enry’s Island Africa both in-person and in the Metaverse for a powerful, immersive experience.

The in-person event, launched days ago, was held at Hemingways Hotel in Nairobi, and it sold out right away, while over 100 people connected and participated in the event on the Voxels Metaverse. Enry’s Island has recently secured Series A €20 million [about Ushs 78bln] from Los Angeles-based LDA Capital to advance its operations in the Metaverse.

The event was hosted by Sapani Mikali, CEO and Partner of Enry’s Island Africa. Mikali is a driven, passionate African female entrepreneur and founder of the luxury sustainable fashion brand MIKALI SAPANI, who recognizes the great potential for new business creation within the African continent.

Enry’s Island Africa targets ESG [Environment, Social, and Governance] sustainable startups based in Africa. Enry’s Island acknowledges that for any company to succeed today it must be cognizant of Environment, Social, and Governance parameters and incorporate them into its growth strategy.  Today, a new generation of well-informed, digitally savvy young people are driving global consumption of goods and services and are entering the workforce, government, and all areas of society with expectations of environmental responsibility and sustainability action.

Specifically, climate change and environmental degradation are major concerns for young people in the 54 African countries.    For instance, despite the fact that the African continent contributes only 2% to global warming, it is one of its largest victims. Climate disasters such as desertification in Madagascar or massive flooding in Mozambique affect numberless lives and need viable solutions.

“Our mission is to create the next African unicorns,” Mikali Sapani said. “Whereas several business incubators and accelerators in Africa focus on supporting fintech, insurtech, agritech and edtech startups, Enry’s Island has chosen to focus on ESG and sustainability, specifically green fashion and beauty startups, acknowledging the enormous challenges of climate change, as well as the immense creativity and unique craftsmanship of the African people which, if supported, could produce formidable, sustainable global brands.”

Additionally, Enry’s Island Africa, having a woman CEO, is particularly interested in putting a strong focus on startups led by women, as African women have been recognized as some of the most entrepreneurial people globally but are hindered by lack of resources and business support.

Africa, unlike the rest of the world, is the only region to have seen three-digit growth in venture funding in the first quarter of 2022. Investments are up 150 percent hitting a record US $1.8 billion whereas the rest of the world is recording a decrease.Back to contentEditChange permissions

Enry’s Island Africa is a Local Company of Enry’s Island S.p.A., focused on the Commitment Asset provided for all the Islands of Enry’s Island Archipelago. Enry’s Island Africa incubates and accelerates startups from all over the world focused on ESG, Cleantech, and Sustainability.

“Enry’s Island” is an international distributed business incubation and acceleration platform that also includes the world’s first incubator/accelerator operating in the Metaverse.


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