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Daily Digest Friday, 12 June 2020

Funding In East Africa

TELECOMSAirtel Africa at 10: yuMobile subscriber, Tigo Rwanda acquisitions, $1.25bn raise and other milestones

Airtel Africa’s voice, data and mobile money services are driving growth and Transforming Customers’ lives. Airtel Africa provides voice services to 110.6m customers, data services to 35.4m customers and mobile money services to 18.3m customers. Read more

Ethiopian Edible Oils Business Turaco Raises US$22m Growth capital From Proparco

Turaco, the Ethiopian edible oils company and owner of the brand name Tena Oil, has a new funding from the French development financial institution Proparco and the South Africa-based Ethos Mezzanine Partners. The business has announced a US$22 million investment from both investors. Read more

Funding In North Africa

Tana Africa Capital Invests In Egyptian Hospital Operator, MABARET

Leading private equity firm, Tana Africa Capital has announced its investment into Mabaret Al Asafra (“Mabaret”) a leading hospital operator in Alexandria, Egypt. The investment was done through its second fund Tana Africa Capital II (“TAC II”) Read more

Download GetFundedAfrica’s e-Guide to fundraising for start-up’s Here

Call For Applications

2020 Mission Billion Challenge: WURI WEST AFRICA PRIZE

The Mission Billion Challenge WURI West Africa Prize seeks sustainable, tech-based solutions that facilitate portable contributions to social insurance programs, such as pensions and savings accounts, by informal sector workers in West Africa. Read more

Orange Digital Ventures launches seed challenge to invest €500k in seven startups[Update]

Orange Digital Ventures’ Africa & Middle East Seed Challenge is aimed at tech-driven startups with high growth potential and has a pool of €500 000 to invest in startups from Cameroon, Côte d’Ivoire, Egypt, Morocco, Senegal, Tunisia and Jordan. Read more

Download the latest copy of GFA’s Guide To Fundraising For African Start-Ups

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

Check out our weekend Feature: GFA’s Business Journey: Pitching To Win

Are you an entrepreneur? Share your story with us and get featured on our platform send us an email nichole@getfundedafrica.com

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