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Daily Digest Monday, 18 May 2020

Funding In Southern Africa

Black Business Council and Ubank set up R1bn township and rural economy fund

The Black Business Council and Ubank have together set up a R1-billion township and rural economy fund. Read more

Funding In Africa

Healthcare Startup Emergency Response Africa Secures $25,000 From The Bulb Africa

The Bulb Africa, an Enov8 Solution’s tech hub has awarded $25,000 in investment funding to Emergency Response Africa through its #ALLoverCOVID19 initiative. Read more

Alitheia IDF fund gets $10m from Open Society Foundation to lend to women

Alitheia IDF, a joint venture fund between Alitheia Capital, a private equity investment in Nigeria, and IDF Capital in South Africa, has landed $10 million from American billionaire George Soros’s Open Society Foundations. Read more….

Afreximbank Bucks COVID-19 On Course to Raise over US$1 billion in Syndicated Loan

The African Export-Import Bank (Afreximbank) vaulted market uncertainties caused by COVID-19 pandemic to successfully conclude a dual-currency Syndicated Loan, raising the equivalent of US$907.5 million, comprised of two tranches of US$485 million and EUR390.4 million. Read more….

Funding In other Emerging Markets

Dubai-based startup Invygo raises $1 million USD in funding in its Pre-Series A round

Invygo has raised $1 million USD in a Pre-Series A funding round led by EQ2 Ventures, Class 5 Global, and 500 Startups. This news comes almost one year after they raised their Seed round in September 2019. Read more…

GetFundedAfrica 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, Dr. Vincent Nwani who recently wrote an insightful article called ” BOOSTING FOOD SECURITY IN NIGERIA THROUGH INVESTMENT IN POULTRY PRODUCTION

If you would like to raise funding for your next big business or project in Africa send us an email on mary@getfundedafrica.com

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