Daily Digest Monday, 4 May 2020
Funding In West Africa
Made In Africa Inc. Gets $190 Million to Acquire Vlisco Group
Made In Africa Inc. has received $190 Million term sheet facility from the African Export-Import Bank (Afriexim Bank) to finance the company’s acquisition of African Fabric Holdings BV, Netherlands, also known as Vlisco Group.Read more….
Ghanaian retail-tech startup Sumundi raises funding from GreenTec Capital
Ghanaian startup Sumundi, which has developed an innovative digital retail management platform designed to help retailers manage, grow, and sustain their businesses, has secured funding from GreenTec Capital to help it expand operations. Read more…..
Funding In North Africa
Egyptian email service provider Pravica raises $500k from investors including 500 Startups
Cairo-based Pravica, an email service provider (ESP) that utilises blockchain technology, has closed a pre-seed funding round of US$500,000 to help build its customer base, grow its team and add to its product. Read more….
Funding in response to COVID-19
African Countries Get $3-Million COVID-19 From Afreximbank
“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“
Introducing our latest feature writer, Abiodun Oshodi who recently wrote an insightful article called ” Engineering Opportunities In West Africa – An Overview.”
Get Funded Africa (GFA) is always looking for new voices to feature. If you’ve got insights or opinions to share – and the expertise to back them up and would like to join our ever growing feature writer team Click here…..