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Funding

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...

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...

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...

Impact Investor Villgro Africa Backs Kenyan E-health Startup Damu-Sasa With US$20k To Enhance COVID-19 Capabilities

KENYA – Kenyan e-health startup Damu-Sasa, which runs an innovative end-to-end blood services information management platform, has been awarded US$20,000 in grant funding from Villgro Africa to enable it to enhance its contributions to mitigating the spread of COVID-19.  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.   The Damu-Sasa system also helps mobilize donors and tracks their donations, while giving them digital access to their donation history. The team works with hospitals and other multi-sectoral partners to increase voluntary donations from across the population, with the...

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...

Ghana’s Ecommerce Startup Seven Inc. Just Promised To Invest $10m In Ghanaian Startups

Seven Inc., a Ghanaian ecommerce startup has a big ambition: to invest $10m in startups in Ghana. 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 also: A Bank In Every Pocket Click here to find out more! “Seven has recently entered quite an exciting phase as a startup,” he tells the Business and Financial Times newspaper. “We’ve partnered with a local tech firm and are confident of a fully-functioning life-changing app within the first quarter of 2021,” he further said, adding that: “We’re looking to...

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...

Kenya’s Centum Real Estate Bond Raises KSh3 Billion

Kenyan leading real estate firm, Centum has managed to raise KSh3 billion from the recently issued bond, against the target of KSh4 billion. The bond attracted diverse investors including, banks, asset management firms, pension funds, and individual investors. It is a three year bond with the maturity date set on December 16, 2023. Funds raised will go toward financing ongoing projects in the development of affordable housing in Kenya. 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...

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...

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