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GFA Daily Digest Tuesday, January 5, 2021

Funding In Northern Africa Egypt Edtech Startup Receives Six-Figure Funding Dalia Ibrahim, Founder of EdVentures and CEO of Nahdet Misr Publishing House explains that the investment will be used to increase the gamification model and enhance the technologies used at the edtech startup. Read more Latest News Local Tech Startup Launches Platform To Assist Businesses In an interview with Ventureburn, Mhlongo explains that technology is key to promoting and increasing business sales, with Eloh App local businesses can tap into a wider customer base. Read more Click here to find out more! Opinion Corner Why Are Investors Rushing After North Africa’s Fashion Startups? In fact, apart from Afrikrea, an Ivory Coast-based startup, whose ecommerce platform...

How Digital Partnerships Can Enable Business Development

Gone are the days when small businesses need to sell their products to just the people who live or work in the immediate vicinity.  Digital platforms and partnerships are now empowering micro-companies to extend their offerings, opening new doors for business growth and development.  As more sectors are evolving and transforming, organisations are discovering how partnering with digital platforms and service providers can help them reach wider markets, provide better services, streamline operations, and access insights that were previously reserved for large enterprises.  Read also: Private Equity Firm B Investment Sells Its 20% Stake Of Total Egypt To Total Outre-Mer While the global business landscape has been unpredictable, 2021...

Egypt Edtech Startup Receives Six-Figure Funding

GFA Attract, GFA Mentorship Program & Application Portal For Funding Egypt edtech startup, Akhdar has secured a six-figure US dollar investment from EdVentures, an Egypt-based venture capitalist firm that focuses on investing in the fields of education, culture, and innovative learning solutions. According to reports from EdVentures, Akhdar will use the funding to grow its existing library of content with new categories and topics. Dalia Ibrahim, Founder of EdVentures and CEO of Nahdet Misr Publishing House explains that the investment will be used to increase the gamification model and enhance the technologies used at the edtech startup. Read also: Small Business Resolutions To Boost Your Cash Flow In 2021 “EdVentures is always keen...

Local Tech Startup Launches Platform To Assist Businesses

Launching in the height of the national lockdown in March 2020, Eloh App functions to provide a one-stop platform for locals to access a range of services.  Founded by entrepreneur and qualified electrical engineer, Sanele Mhlongo, Eloh App aims to provide a premium and safe service to local customers. In an interview with Ventureburn, Mhlongo explains that technology is key to promoting and increasing business sales, with Eloh App local businesses can tap into a wider customer base.  Read also: How To Choose The Best mPOS For Your Business “Small and medium-sized enterprises are not sufficiently equipped for the fourth industrial revolution or lack thereof, we aim to bridge the gap...

Why Are Investors Rushing After North Africa’s Fashion Startups?

No region of Africa has seen as much investment in its fashion e-shops as North Africa, and particularly Egypt. In 2020 alone, about seven major deals were closed on fashion startups in the region, at least six of them in Egypt. This trend is uncommon in the startup ecosystems of Sub-saharan Africa. In fact, apart from Afrikrea, an Ivory Coast-based startup, whose ecommerce platform has a fashion section, and which recently raised $1 million in funding, it is very rare to see a startup exclusively built for fashion raise investments from venture capital firms as well as other types of investors in other parts of Africa....

GFA Daily Digest Monday, January 4, 2021

Latest News Egyptian Entrepreneur Builds E-commerce Platform To Connects Small Retailers To Suppliers In 2018, he teamed up with Mohamed Ben Halim and formed the e-commerce marketplace MaxAB to connect informal food and grocery sellers – the micro-retailers who make up 90% of the grocery market – with suppliers. Read more Opinion Corner Driving Entrepreneurial Growth Through Mentoring The significant number of job losses in South Africa in 2020 now means more people need to find some way to bring in income – many will become entrepreneurs and will start small or even medium enterprises. Read more Click here to find out more! Small Business Resolutions To Boost Your Cash Flow In...

Small Business Resolutions To Boost Your Cash Flow In 2021

Running a business in what we assumed would be a post-COVID world this year has turned out to be a continuous challenge, taking on various strains from last year’s pandemic. A common denominator for many small business owners is steady cash flow throughout the year. Staying in the green has always been a priority for small business owners. Now, more than ever, you need to take control and manage your finances to ensure long-term growth and sustainability. Read also: Private Equity Firm B Investment Sells Its 20% Stake Of Total Egypt To Total Outre-Mer To make the most of 2021 and increase your cash flow and profits, here...

Egyptian Entrepreneur Builds E-commerce Platform To Connects Small Retailers To Suppliers

In 2018, when Belal El-Megharbel walked away from a flourishing career at Careem, a Middle East ride-hailing pioneer, his family was stunned. It wasn’t the first time he had turned his back on a promising opportunity; he had left the family business years earlier while on a quest to “take a different route”. His relatives still hoped he would fall back into the family business and work alongside his 24 cousins, but El-Megharbel had other plans. He wanted to build a digital platform to manage procurement and delivery of grocery products to mom-and-pop shops in Egypt. As part of the early team at Careem, he saw “how one...

Driving Entrepreneurial Growth Through Mentoring

The rise in the amount of knowledge sharing and mentoring by businesspeople through partnerships with SMEs and entrepreneurs in order to help them survive and succeed has been, and continues to be, a silver lining in the overwhelming Covid-19 cloud. The significant number of job losses in South Africa in 2020 now means more people need to find some way to bring in income – many will become entrepreneurs and will start small or even medium enterprises. A significant proportion of business survivors in this pandemic are themselves, entrepreneurs. From the outset, they had reduced operational costs, understand their markets, and were able to streamline and adapt...

GFA Daily Digest Wednesday, 30 December 2020

Funding In Eastern Africa Impact Investor Villgro Africa Backs Kenyan E-health Startup Damu-Sasa With US$20k To Enhance COVID-19 Capabilities Damu-Sasa works across the entire blood ecosystem by helping hospitals source blood from donors and from each other, while also supporting screening, preparation of blood products and inventory and transfusions management. Read more Latest News Private Equity Firm B Investment Sells Its 20% Stake Of Total Egypt To Total Outre-Mer During the first nine months (9M) of 2020, B Investments Holding achieved profits of EGP 153.55 million (US$9.77m), compared to EGP 142.74 million (US$9.08m) in the comparative period of 2019, taking into account minority rights. Read more Click here to find out more! Algeria Launches...

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