Calpe Labs N600bn Imo Scheme
Analysis based on 6 articles · First reported Jun 11, 2026 · Last updated Jun 12, 2026
The launch of the N600 billion enterprise development scheme by Calpe Labs in Nigeria — Oyo State is expected to significantly boost the local economy, particularly for micro-businesses in agribusiness, manufacturing, and services. This initiative, involving partners like Africa Business Affairs, InnoPower Africa, and EvaTech Global, could attract further foreign investment into Nigeria's SME sector and potentially lead to similar programs across Africa, positively impacting venture capital and financial services industries.
A US-based venture studio, Calpe Labs, has launched a N600 billion enterprise development scheme in Nigeria — Oyo State, Nigeria. The initiative, which emerged from the Imo Economic Summit in December 2025, aims to enhance entrepreneurship and access to capital for 50 grassroots micro-businesses initially, with plans to empower over 1,000 businesses. Mambu Sherman, Managing Director of Calpe Labs, stated that the scheme is a partnership with Africa Business Affairs, InnoPower Africa, and EvaTech Global. EvaTech Global will deploy digital underwriting and analytics tools, while InnoPower Africa will focus on workforce and economic development. The program projects a total economic impact of N600 billion, the creation of 20,000 new jobs, and N250 billion in business revenue, primarily transforming rural economies within Nigeria — Oyo State. Lessons from the pilot phase will inform potential expansion across other African markets.
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