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Daily Digest

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...

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...

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...

GFA Daily Digest Monday, 28 December 2020

Funding in Western Africa Ghana’s Ecommerce Startup Seven Inc. Just Promised To Invest $10m In Ghanaian Startups According to Vincent Djokoto, Managing Director of the startup, Seven Inc. has already entered into partnership with another local and Ghana-based tech, design and logistics firm to bring that ambition into fruition. Read more Latest News China To Overtake US As World’s Biggest Economy By 2028: Report While the United States was likely to have a strong post-pandemic rebound in 2021, its growth would slow to 1.9 per cent a year between 2022 and 2024, and then to 1.6 per cent after that. Japan would remain the world’s third-biggest economy, in dollar terms, until the early...

GFA Daily Digest Wednesday, 23 December 2020

Funding In Eastern Africa Kenya’s Centum Real Estate Bond Raises KSh3 Billion Sources say that investors will earn a return of 12.5% for the plain vanilla bond and 12-14% for the Equity Linked bond. The bond will be listed on the Nairobi Securities exchange after it receives approval from the relevant regulators. Read more Latest News Nigeria’s Print-On-Demand Startup Expands To United States And Canada After South Africa Customers in South Africa and Nigeria have access to 9 and 19 product catalogues on the site, respectively. However, the numbers currently stand at 8 and 13 for Canada and the US, respectively. Read more Click here to find out more! Opinion Corner How To...

GFA Daily Digest Tuesday, 22 December 2020

Funding In Western Africa Zambia Micro-Lending Startup Receives $650 000 Investment Partnering with a bank in Zimbabwe, PremierCredit is able to provide affordable bicycles, smartphones, and solar equipment on a ‘pay-as-you-go’ basis to the underserved communities across Zimbabwe. Read more Ghanaian Fintech Startup ZeePay Secures $940k Seed Funding From VC GOODsoil Headed by a diverse team of entrepreneurial investors, GOODsoil has soiled Ghanaian fintech company Zeepay with US$940 000 seed capital.  Read more Click here to find out more! Latest News UK Group Launches £2m COVID-19 Fund For MSMEs In Nigeria This disclosure was made by the British Deputy High Commissioner, Ben Llewellyn-Jones, during a webinar on December 8th, which was focused on how...

GFA Daily Digest Monday, 21 December 2020

Funding In Western Africa Nigerian Tech Closes A Six-Figure Seed Round Indicina assists businesses in making smarter credit decisions. The data-driven platform is used to create credit rules and models as well as to understand credit assessment and scoring. Read more Opinion Corner 6 Factors Standing In The Way Of Expanding Your Business Below, you will find a list of some of the most common factors that prevent so many business owners from embracing the opportunity for business growth, as well as some advice on how to side-step these challenges with relative ease. Read more Click here to find out more! How A Tech Startup Can Thrive During A Crisis In the BiB app,...

GFA Daily Digest Friday, 18 December 2020

Funding In Africa Umba, The Digital Bank For Africa Raises $2M In Funding To Expand In Nigeria & Kenya The $2 million seed round was from Ludlow Ventures and Lachy Groom, ex Head of Issuing at Stripe. Frontline Ventures and Act Venture Capital added to their previous investment in the company. Read more Funding In Western Africa Nigerian Fintech Startup OnePipe Secures $950k In Pre-seed Round For OnePipe being part of Techstars NYC 2020 Summer programme was a deal breaker. Apart from Y Combinator, Techstars accelerators are highly rated and strongly favour participating startups investment-wise. Read more Click here to find out more! Latest News Local Car Tech Startup Launches Drive-To-Buy Model The South African-founded...

GFA Daily Digest Thursday, 17 December 2020

Funding In Africa Ride-Hailing Startup, Bolt, Founded By A 19-Year Old Raises Another $182m To Invade Its African Market Mobility startups in Africa are in for a rollercoaster ride as a leading player in the African digital mobility sector, Estonia-headquartered Bolt (formerly Taxify) has just raised another $182 million to tackle its African market. Read more Latest News Netflix Names Strive Masiyiwa To Its Board Masiyiwa is the founder and executive chairman of Econet Global, a telecommunications company that operates across Africa, Asia, Europe, and Latin America which offers phone, broadband, and satellite service, and is also a major provider of mobile payments. Read more Click here to find out more! West African Tech...

GFA Daily Digest Wednesday, 16 December 2020

Funding In Western Africa Oolu, Senegal’s Solar Pay-As-You-Go Distributor, Raises $8.5M To Expand Energy Access In West Africa Oolu’s mission is to provide affordable energy access to rural and peri-urban customers in West Africa. Since its inception in 2015, the company has sold over 60,000 solar home systems to customers in the region. Read more Funding In Eastern Africa TLcom Makes First Investment In African Healthtech As Kenya’s Ilara Health Raises $3.75m Series A Funding The startup has announced it has secured $3.75 million in Series A funding to enable it expand its diagnostic reach across Africa and to accelerate the development of its integrated patient health management platform. Read...

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