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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...

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...

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...

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...

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...

Algeria Launches Its First Incubator For Transport And Logistics Startups

A new incubator dedicated to startups active in the transport and logistics sector, entitled “Naql Tech” has been inaugurated on Tuesday by Algeria’s Minister of Transport, Lazhar Hani, accompanied by the Minister of Post and Telecommunications, Brahim Boumzar and the Minister of Startups and Knowledge Economy, Oualid El-Mahdi Yacine. The incubator, located at the training center of the Urban and Suburban Transport Establishment of Algiers (ETUSA), hosts a dozen innovative startups in the transport and logistics sectors ranging from information to real time to the data city via digital logistics platforms. Here Is What You Need To Know During his speech on this occasion, the Minister of Transport underlined the...

Private Equity Firm B Investment Sells Its 20% Stake Of Total Egypt To Total Outre-Mer

EGYPT – B Investments Holding, an Egypt-based private equity firm, has signed a contract to sell 20% of its stake in Total Egypt to Total Outre-Mer, France, for a total consideration of approximately EGP 146 million (US$9.3 million), in accordance with the exit terms pre-agreed with Total at the time of the investment in Total Egypt.  In a statement to the Egyptian Exchange (EGX), the company said that, after the deal’s completion, its stake in Total Egypt will decrease from 7.98% to 6.38%.  Read also: China To Overtake US As World’s Biggest Economy By 2028: Report During the first nine months (9M) of 2020, B Investments Holding achieved profits...

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...

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