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Daily Digest Wednesday 19 August 2020

Funding In North Africa Makwa secures six-figure Seed funding Makwa is a mobile app providing doorstep dry cleaning and laundry pick-up and delivery services. Customers use the app to schedule pickup and delivery time slots, give special washing/ironing instructions, track orders, review order history Read more Funding In Southern Africa SA-owned LightWare receives $1.5-million investment The investment funding provided will allow LightWare to rapidly create a series of innovative products using technology. Backed by 27four, Sanari Capital’s Lower and Mid Market Fund has made its first Read more Call For Applications & Other Web-Events GFA's Must Attend Web-Events for African Start-ups If you have any event recommendations for us to add to...

Makwa secures six-figure Seed funding

Cairo-based laundry services startup Makwa has raised a six-figure investment from an angel investor. The investment will be used to scale the team, upgrade its technology and accelerate its expansion into new areas. Makwa is a mobile app providing doorstep dry cleaning and laundry pick-up and delivery services. Customers use the app to schedule pickup and delivery time slots, give special washing/ironing instructions, track orders, review order history, rate the service and pay online. Makwa partners with high quality vendors in the areas in which it operates who clean customers’ clothes, while following Makwa’s manual and meeting its stringent specs. “The investment coupled with the investor’s experience will help us...

Lessons for entrepreneurs on how to survive and thrive during a pandemic

With 30 years of experience building technology companies around the globe, Butkow is the ex COO of Accenture South Africa and now the CEO of Kalon Venture Partners.  Many people speak about having a playbook to building technology companies, Butkow believes these playbooks can be valuable when times are good and you have strong tailwinds but during a downturn when you have massive headwinds, which is tantamount to facing a hurricane, you should throw these out the window.  “Every downturn I have seen requires a different approach and particularity with the Corona Virus which we don’t know when it will end and the ongoing impact it will...

GFA’s Must Attend Web-Events for African Start-ups

Women’s month and leading entrepreneurs  WorkInProgress (WIP), an Absa innovation lab, will be hosting a webinar series titled Wise-Up Wednesday Sessions. These sessions will feature real-life successes and lockdown challenges faced by small and medium South African enterprises.  This week,  Wise-Up Wednesday session sessions welcome a special webinar hosted in honour of Women’s Month. The webinar will welcome four inspiring women which will each offer a mini-masterclass fro entrepreneurs.  The four speakers are:  Aisha Pandor, co-founder of SweepSouth will take us through her 5 tips for starting up or managing your business during COVID.Joy des Fountain, co-founder of Myfanpark will be telling us about the advice she’d give her younger self, given the chanceAlexandra Fraser...

SA-owned LightWare receives $1.5-million investment

LightWare LiDAR, a South African company supplying world-class microLiDAR sensor technology to leading global companies has secured an investment of $1.5-million (R25-million)  from Sanari Capital growth.  The investment will take African tech to the next level, establishing LightWare in the global industry The investment funding provided will allow LightWare to rapidly create a series of innovative products using technology. Backed by 27four, Sanari Capital’s Lower and Mid Market Fund has made its first investment and chosen LightWare as the innovative company to back. Moushmi Patel, Partner at Sanari Capital comments on the investment placed into LightWare. “Not only does LightWare present an opportunity for attractive financial returns, confirmed by its profiling by...

Daily Digest Tuesday 18 August 2020

Funding In East Africa Kenyan Digital HR Manager WorkPay Raises $2.1 Million Seed Capital to Drive Growth Kenyan startup WorkPay, a digital human resource management (HRM) and payroll solution provider, has amassed $2.1 million in seed funding to accelerate its development. Read more Kenya’s Savanna Circuit Tech Banks US$100,000 Grand Prize at Cisco Global Problem Solver Challenge 2020 Savanna Circuit Tech, an AgriTech startup that develops a solar chilling in-transit system for dairy farmers was awarded the grand prize of US$100,000 at the Cisco Global Problem Solver Challenge 2020. Read more Funding In North Africa Egypt: Etisalat Misr to inject $283mln in the telecom market in 2020 Etisalat Misr,...

Agritech Startups In Kenya Can Get Up To $100k In Funding From FoodTech Africa’s New Accelerator Program

Kenyan women and youth in agribusiness are set to receive up to $100k each in funding to upscale their business, from FoodTech Africa, at a time when the coronavirus pandemic has slowed down the country’s economic activities with thousands being rendered jobless. CEO and Co-Founder of Pangea Accelerator Jonas Tesfu “We believe Kenya and East Africa are at a critical time and that innovation and young entrepreneurs have a big role to play in creating resilient and local food systems,” said, CEO and Co-Founder of Pangea Accelerator Jonas Tesfu. Here Is What You Need To Know The investment through the FoodTech Africa accelerator is aimed at meeting the growing demand and challenge of...

Egypt: Etisalat Misr to inject $283mln in the telecom market in 2020

Etisalat Misr, a subsidiary of Emirati group Etisalat, says it will pump a total of EGP4.5 billion ($283 million) into the Egyptian telecom market throughout this year. According to CEO Hazem Metwally, the new investment will contribute to upgrading networks, improving service quality, and broadening the company’s activities in the data segment through support to the internet of things (IoT) and artificial intelligence (AI). The manager made this announcement during a meeting on August 16 with Mohamed Abdel Wahab, Head of Egypt’s General Authority for Free Zones and Investment (GAFI). Hazem Metwally claimed his company has already invested nearly EGP50 billion since it started operations on...

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...

Kenyan Digital HR Manager WorkPay Raises $2.1 Million Seed Capital to Drive Growth

Kenyan startup WorkPay, a digital human resource management (HRM) and payroll solution provider, has amassed $2.1 million in seed funding to accelerate its development. Having invested $100,000 in WorkPay in 2019, Kepple Africa Ventures oversaw this funding round which also involved contributions from YCombinator, P1 Ventures, Soma Capital, Musha Ventures, and other angel investors. WorkPay CEO, Paul Kimani WorkPay had recently taken part in the 3-month Silicon Valley-based YCombinator accelerator programme W20 and obtained $150,000 in funding after graduating as part of the program. The company can now further extend its reach and speed up its growth in key areas after successfully raising $2.1 million in its latest funding round. Founded in...

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