Daily Digest Tuesday, 28 April 2020
Working from home safely and securely: Cyber security
The coronavirus disease 2019 (COVID-19) has changed nearly every aspect of our daily lives, including how we shop, socialize, exercise and work. With more people working from home now than at any other time in recent history, cybersecurity threats are increasing. The GFA team will play their part in keeping you safe. Read more
Funding in North Africa
Alex Angels launches ~$6 million early-stage fund to back Egyptian startups
Alexandria Angels (more commonly known as Alex Angels), the angel network from Egypt, has launched Alex Angels Fund, a $6.3 million (EGP 100 million) fund to invest in Egyptian startups, it announced today in a statement. Read more
Egyptian food-tech startup Mumm raises pre-Series A funding from Alex Angels
Egyptian food-tech startup Mumm has closed a pre-Series A bridge funding round from Alexandria Angels to maintain its growth during and beyond the COVID-19 crisis. Read more…
Funding in West Africa
Nigerian fintech Okra nets $1m investment from TLcom
Funding in Africa
MPower raises $430k to expand its off-grid energy solutions in Africa
MPower, a Switzerland-based tech4impact venture tackling the challenges of energy access and financial inclusion in Africa has raised $430,000) via British crowdfunding platform Crowdcube to help it upgrade its software, scale-up operations in its current markets and launch into three new markets by the end of the year. Read more…..
Call for Applications
The GSMA Innovation Fund for Mobile Internet Adoption and Digital Inclusion is now open.
Are you a start-up or SME in Sub-Saharan Africa or Asia? Are you helping people get online for the first time using mobile internet?
You could be eligible to apply for an equity-free grant of between £100,000 and £250,000 to scale your innovation over a 15- to 18-month period. Read more
“Get Funded Africa is a technology-based, business information platform operated by Afriscaper Research & Consulting Limited with a mission to reduce barriers to funding for African businesses. GFA matches investor ready, African & African-Diaspora owned companies with global investors, leveraging market research, industry data and news aggregation“
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