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Daily Digest Thursday 23 July 2020

LBS Faculty Eugene Ohu Wins $234K Grant For Virtual Reality Research

Dr. Eugene Ohu, a faculty at Lagos Business School (LBS), Pan Atlantic University, has won a grant from Templeton World Charity Foundation, Inc (TWCF) to conduct a two-year virtual reality (VR) research. Read More

Institutional Investors Are Yet To Show Real Interest In African Music Businesses

Africa’s unemployment crisis is a melange of confusing figures, low-paying jobs, seasonal low mean of livelihoods and the push to survive nonetheless. With the job market a lot smaller than the readily available labor force, many Africans have found respite in the creative industry. From music to comedy and acting to stand-up performance, Read More

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Funding In West Africa

In Ghana, African Development Bank-funded training builds skills for the economy of the future – report

A six-year project to develop industrial skills among Ghana’s workforce has improved the engineering and manufacturing skills of young people, promoted economic competitiveness and contributed to an improvement in the quality of life of beneficiaries and a reduction in poverty, according to an African Development Bank report issued on 15 July 2020. Read more

Nigeria’s Access Bank gets $50mln IFC loan

The International Finance Corporation, the private sector arm of the World Bank, has approved a loan worth $50 million to Nigeria’s Access Bank to help it support SMEs facing cash strain due to the coronavirus pandemic. The resource has a maturity of 12 months with an undisclosed interest rate. 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

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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Entrepreneurs and businessmen alike have a crucial and pivotal role in the unemployment and collective required economic output crisis in Africa. Securing investment and funding to facilitate growth and economic impetus thus lies heavily in the minds of businessmen. The challenges of creating the right business plan, a realistic budget to gain traction and identifying adequate potential investors can sometimes be such a daunting process, and creates an avenue to be blindsided without proper guidance, representation or advice. Read more

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