Daily Digest Wednesday, 29 April 2020
Funding in North Africa
Egypt raises $1.13bln to acquire 1,300 railcars
The Board Chairman of Egyptian National Railways (ENR) has received an official loan authorization from the Hungarian ambassador to Egypt, Railway News reports. This is the final step in the approval process for the $1.13 billion financing for the purchase of 1,300 new railcars. Read more
Egypt Tops North Africa And The Middle East In Number Of Startup Funding Deals For Second Consecutive Year
More startups in Egypt have raised funds from investors than in any other country in the whole of North Africa and the Middle East (MENA) in the first quarter of 2020 (January-March) Read more……
Funding in West Africa
Deprived Ghanaian communities to finally receive mobile signals
The Ghana Investment Fund for Electronic Communications (GIFEC) has selected Parallel Wireless, a US-based company, to lead the effort. Parallel Wireless will use an interesting approach called OpenRAN to connect communities to 2G, 3G, 4G and 5G networks. OpenRAN standardises the design of hardware and software used in masts, antennae and other telecom infrastructure. Read more
Funding in Africa
African Startups Secure $350 Million Funding In Q1, 2020
While African tech startups may have escaped the crippling effects of the raging coronavirus pandemic in the first quarter of 2020 (January-March), there is consensus among founders and investors that the pandemic will have a cooling effect on the ease with which startups raise funds in the months to come. Read more…..
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