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Author: Manhire

Daily Digest Monday 23 November 2020

Funding In North Africa Egyptian Ecommerce Startup ExpandCart Raises $2.5 Million Series A More startups in Egypt are increasingly raising funds this year compared to most African countries. Added to the list is Cairo-based ecommerce enablement platform ExpandCart which has raised $2.5 million in a Series A round. Read more Latest News Nigerian Agritech Startup Secures $40k Prize With over 2500 applications and 605 proposals submitted from over 30 countries across Africa, only 25 finalists were selected from 12 countries. The finalists selected took part in a two-week virtual business development bootcamp. Read more Opinion Corner Why Mentorship Can Make Or Break Your Startup In 2019, a study was done to determine what...

Africa: Why Digital Payments Are key To Financial Inclusion

Every day, hundreds of millions of payment transactions are completed across the African continent. They’re done using myriad technologies including cards, mobile money, and digital payments. By far the most, however, are in cash. Each of these competing payments is trying to dominate and defeat cash, with siloed “winner takes all” consumer payment offers, but which payment type can most effectively promote financial inclusion, helping grow economies and jobs along the way? Read also: Nigerian Autochek Startup, Cheki, Raises $3.4m Seed For Its Platform Instead, the best hope for financial inclusion and growth on the continent is a digital payments platform that is merchant centric, and that benefits the...

Why Mentorship Can Make Or Break Your Startup

Having a mentor when you start a business can be as important as the actual product or service you’re selling. While the research on the positive impact of mentorship is clear, so many entrepreneurs still don’t have a mentor.  The journey is long and challenging. To have a mentor as a guide during these early and crucial stages is essential. In 2019, a study was done to determine what South African small business owners and entrepreneurs gained from having a mentor. According to their findings, of the 209 South African recipients surveyed the majority of the respondents, 73.7% (154), had one or two mentoring relationships. Only 8.10% (17) had...

Nigerian Agritech Startup Secures $40k Prize

Femi Aiki, CEO of Foodlocker comments on winning first place in the category of mature business category prize. “The seed funding provides “a lot of fuel for the road” for his business. Now we can afford to buy more inputs. We can now afford to bring on board more experts in those value chains who can support smallholder farmers more remotely…That money will support the company to get results.” The ADB AgriPitch competition awarded a total of $120 000 in prizes to African youth agripreneurs at this year’s awards. With three categories in this year’s awards; early startup, mature startup, and women-empowered startups, the competition offers young...

Egyptian Ecommerce Startup ExpandCart Raises $2.5 Million Series A

More startups in Egypt are increasingly raising funds this year compared to most African countries. Added to the list is Cairo-based ecommerce enablement platform ExpandCart which has raised $2.5 million in a Series A round. “We believe that technology can empower commerce and with that vision in mind, we have built solutions to help merchants expand their sales online and offline. This new round of funding will help us work on our ambitious roadmap of new innovative eCommerce solutions that we will be rolling out to supercharge ecommerce growth in the Middle East,” Amr Shawqy, the co-founder and CEO of ExpandCart said in a statement.  Here Is...

Bio: Katherine K Pam

Katherine (Kate) Pam is a seasoned Business Consultant and Social Entrepreneur with over 17 years of experience in consulting, oil and gas and financial services sectors. She is Group CEO of The Stalwart Group, which comprises three thriving subsidiaries: Stalwart Consults International (SCI), an organisational and business development consulting firm.Stalwart Communities Africa (SCA), a social enterprise that works towards creating and strengthening sustainable communities across Nigeria and Africa through bridging the existent gap between rural and urban education, leadership development and women empowerment programmes.Aberfeldy Energy Limited (AEL), an energy/oil and gas company that provides turnkey services to public and private institutions within the sector. SCI currently conducts...

Daily Digest Wednesday 4, November 2020

Funding In North Africa Aerial Vehicle Startup Atlan Space Raises US$1M Series A Funding To Expand Its Business Launched in 2016 by Younes Moumen and Badr Idrissi, ATLAN Space enables unmanned aerial vehicles (UAVs) to carry out tracking missions with complete autonomy. Through its technology, the platform helps governments and institutions fight environmental crime and assist vulnerable populations. Read more Funding In East Africa Kenya’s Wee Media Raises US$400k Seed Funding Wee Media CEO Rishabh Lawania indicated that the restructure towards African journalism and data intelligence seeks to plug the data gap in the private equity, venture capital and mergers and acquisition space. Read more Latest News Egypt Fintech Startup Launches Country’s First Digital Wallet Jacques Marco, co-founder and CEO at Raseedy...

Aerial Vehicle Startup Atlan Space Raises US$1M Series A Funding To Expand Its Business

MOROCCO – Atlan Space, a startup which enables networks of aerial vehicles, has raised US$1.1 million (MAD 10 million) for its Series A funding round from Maroc Numeric Fund II, with participation from Hilmi Law Firm and Cadex Group, to enable it to expand its business. The aerial vehicles (such as drones, etc.) are guided by artificial intelligence (AI) to scan large marine areas for environment threats. Launched in 2016 by Younes Moumen and Badr Idrissi, ATLAN Space enables unmanned aerial vehicles (UAVs) to carry out tracking missions with complete autonomy. Through its technology, the platform helps governments and institutions fight environmental crime and assist vulnerable populations. Read also: Winners Of The 2020 MTN Business App Of The Year...

Egypt Fintech Startup Launches Country’s First Digital Wallet

Egypt-based fintech startup, Raseedy has partnered with The Saudi Investment Bank (SAIB) and Mastercard to launch the country’s first independent licensed digital wallet. The new fintech innovation allows users to transfer money, make payment via QR code, pay regular bills, issue online virtual debit cards and receive remittance internationally. Jacques Marco, co-founder and CEO at Raseedy explains that the fintech expects the digital wallet to be used by one million people in the months to come, giving users the opportunity to better manage their finances. Read also: Denmark’s IFU Invests US$1.5m In Zambia’s GreenCo “We are proud to announce Raseedy’s launch. We believe that it is our mission at Raseedy...

Kenya’s Wee Media Raises US$400k Seed Funding

KENYA – Multi-platform media company Wee Media has raised $400K in a seed round from Samurai Incubate, Grenfell Holdings, Knarrs Ventures and Jim Waltrip. The media company will use the funding to transition from an advertising-driven media company to a subscription led data and intelligence company. Wee Media CEO Rishabh Lawania indicated that the restructure towards African journalism and data intelligence seeks to plug the data gap in the private equity, venture capital and mergers and acquisition space. Read also: World Bank Approves US$250M For The Establishment Of Development Bank Of Ghana “The vision of the company is to fix the broken business journalism in Africa and bridge the data gap. For more many years, companies like Dow Jones, Bloomberg and Pitchbook have been tracking the global private markets but African data and content are...

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