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Events & Call For Entries

Write for Innovation: FITC Invites Young Africans to Participate in Essay Challenge

FITC, the world-class, innovation-led and technology-driven knowledge organization that provides learning and advisory services to Financial Institutions and other sectors in Africa, has launched the FITC Youth Connect Initiative. This initiative focuses on youth employability and supports youth-led innovation in Africa. To herald this, the organization is launching the maiden edition of its essay competition for undergraduates in higher institutions of learning across Africa. Tagged “Youth Connect Essay Challenge”, the Competition seeks to promote creative talents and spur innovative thinking among young people in Africa. It focuses on the theme, “Accelerating Growth and Development in Africa: The Role of Technology and Innovation”.  Given the wealth of talents and...

Daily Digest Monday 17 August 2020

Funding In East Africa KILIMO FRESH WINS $50,000 EQUITY INVESTMENT AT MEST AFRICA CHALLENGE VIRTUAL FINALS Tanzanian start-up Kilimo Fresh, a digital distributor of fresh produce to hotels, restaurants, supermarkets, institutions, wholesalers, and export markets has been named the winner of the MEST Africa Challenge, winning US$50,000 in equity investment. Read more Opinion Awakening the entrepreneurial spirit of every young African is key to continent’s future, development leaders agree (AfDB) - The African Development Bank joined a number of development leaders in calling for greater support of youth entrepreneurship during a virtual event organized by the Tony Elumelu Foundation. The webinar was timed to coincide with International Youth Day,...

Tech resource relief fund worth R25-million launched for SA tourism industry

A local technology specialist company, Sautech has launched a relief fund worth R25-million aimed at businesses in the tourism industry. Sautech will offer free hosting services to qualifying businesses based on the tailor-made needs of each business The new initiative is aimed at providing technological resources and relief to businesses within the tourism sector that have been negatively impacted by the pandemic and lockdown regulations. Sautech will offer free hosting services to qualifying businesses based on the tailor-made needs of each business. Sautech is a South African, Gauteng-based company established in 2003 and offers all standard technology services. The value add is that they design specific solutions or consulting for projects,...

FACEBOOK ACCELERATOR: COMMERCE PROGRAM 2021 FOR INNOVATIVE STARTUPS

Facebook Accelerator: Commerce is a 12-week non-equity program supporting innovative commerce startups who renew shopping experiences for buyers and sellers.  At Facebook, our focus has long been to bring people together and build community. We are committed to the startup ecosystem and believe that by connecting, training, and growing entrepreneurs through our programs, Facebook can empower people to solve relevant, meaningful problems. In this critical time, Facebook is doubling down on commerce and accelerating its work to enable every business to sell online and help people gain inspiration, discover and buy the products they love. Our commerce vision is one unified shopping experience across all Facebook apps. We can’t achieve this...

How Big Deals Get Done

Description: Acquisitions in Africa's tech industry are rare. However, in the past year, we have seen at least four major ones. There's a growing appetite for exits. This Friday, August 14th, for the 7th episode of "Building in Africa" we are interviewing, Victor Basta - Founder and Managing Partner of M&A advisory firm, Magister Advisors. Basta has advised on over 120 transactions across 25 years and helped found and build three successful corporate finance firms in the process. His firm is focused on M&A exits and larger financing rounds. Some of the African transactions Basta's Magister Advisors has participated in include Twiga Foods' Series B round and...

The 2020 MEST Africa Challenge

The African Tech Startup Competition for $50k in Equity Investment Starts Now! The 2020 MEST Africa Challenge is expanding its reach from five markets to nine, targeting early-stage companies based in Ghana, Nigeria, Kenya, South Africa, Côte d'Ivoire, Sénégal, Rwanda, Ethiopia, and Tanzania.Participating entrepreneurs will take part in country-wide competitions where they will pitch virtually to a panel of expert judges. Finalists from each country will go on to compete on a global stage in front of entrepreneurs, investors, corporate partners and ecosystem players for the chance to win $50k in equity investment from the MEST, and the opportunity to join the MEST incubator community. https://youtu.be/YH_BtaHFheI Application Criteria Pre-seed or seed-stage...

Repositioning The Agricultural Sector For Economic Growth

Diversification of the Nigerian economy has now more than ever being brought to light by the advent of the pandemic and agriculture has been seen as the most viable alternative project that can be used to stimulate and sustain our economy. In next week's SpotLight Series, we will be engaging with the SSA to the President of Nigeria on Agriculture, Dr. Andrew Kwasari. Discussions will seek to shed more light on the following: Challenges MSMEs in agriculture are facing and the impact of COVID19 Opportunities in agribusiness Highlights of the NESP plan on agriculture and how MSMEs can position themselves to key into the plan Date: 11th August, 2020Time: 12:00pm Registration linkhttps://bit.ly/SWSAgric ...

AfricaCom 2020 Symposium Day 1

Overview Title: AfricaCom 2020 Symposium Day 1 Date: Tuesday, August 18, 2020 Time: 11:00 AM South Africa Standard Time Duration: 3 hoursSummary Join AfricaCom and Connecting Africa for a special two-day digital symposium that will discuss the most impactful issues driving the continent’s tech and innovation ecosystems. DAY ONE - Session 1 @ 11:00 AM SAST African Telecoms Outlook 2020 This year did not begin the way most people expected it to, so what does the future of the telecoms sector look like in Africa in 2020? In this Connecting Africa online event, local analysts and industry stakeholders will discuss what African operators’ priorities for the year should be and the most significant market trends expected to dominate in...

Shift Fund reopens applications for funding

 Enygma Ventures’ subfund Shift, has opened for the second round of funding for entrepreneurs and innovators in Africa who either have existing businesses or new business ideas. Successful graduates will then receive a $25 000 pre-seed equity investment. The Shift Fund launched in April this year and has been founded through a partnership between Enygma Ventures and Startup Circles. The new fund was founded in a response to the impact of the current Covid-19 pandemic and focuses on entrepreneurs and innovators in Southern Africa who are passionate about creating new solutions that address challenges facing Africa both during and after the pandemic.   Jacob Dusek, Enygma Ventures Cofounder explains why they have decided...

Daily Digest Tuesday 4 August 2020

Funding In Africa New early-stage Venture Capital Fund to back cohort companies launches South African based business accelerator, Grindstone has launched a new Venture Capital Fund, Grindstone Ventures, dedicated to providing early-stage equity funding to its cohorts of companies and alumni. Read more Through AFAWA, the Bank seeks to bridge the $42 billion financing gap faced by women-empowered businesses Marieme Esther Dassanou is the Coordinator of Affirmative Finance Action for Women in Africa (AFAWA) the African Development Bank’s flagship pan-African initiative, which aims to bridge the $42 billion financing gap facing women entrepreneurs in Africa Read more Kenya’s Ride Hailing Firm Gets $3 Million Boost With the expectant competition in ride hailing...

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