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Tech Group Alviva Holdings To Buy Rival Tarsus For US$11.8m

SOUTH AFRICA – Technology group Alviva Holdings has agreed to buy rival Tarsus Technology Group for a maximum consideration of US$11.8 million in cash. It was reported in mid-October that Alviva was in discussions to buy Tarsus, prompting Alviva to file a regulatory notice to shareholders via the Johannesburg Stock Exchange (JSE) confirming that the talks were indeed taking place. Tarsus, previously known as MB Technologies and which was previously listed on the JSE, was founded in the mid-1980s by businessmen Leo Baxter and Mike McGrath, neither of whom are still involved. Alviva CEO Pierre Spies is a former CEO at Tarsus and so understands the business intimately. The sale will provide an exit to shareholders, including banking group Investec. Tarsus Technology Group has two main operating subsidiaries: Tarsus Distribution,...

Daily Digest Thursday 12 November 2020

Funding In Emerging Markets Rwanda Invests Rwf15 Billion In Pig, Poultry Farming According to Solange Uwituze, the Deputy Director-General of Animal Research and Technology Transfer at RAB, told The New Times that by 2023 they target to have 12,000 poultry and pig farmers and at least 9000 soybeans and maize producers. “The two main challenges that we expect to resolve are the shortage of animal feeds and poor breeds,” she observed. Read more Funding In East Africa East African Women’s Health Tech Startup Secures $1-Million The investment will be utilised to promote the women-focused eCommerce platform’s overall aim to ensure that women are provided viable, secure, and easy access...

East African Women’s Health Tech Startup Secures $1-Million

East African tech startup, Kasha has received $1-million investment from Swedfund, a Swedish Development Finance institution.  The investment will be utilised to promote the women-focused eCommerce platform’s overall aim to ensure that women are provided viable, secure, and easy access to education surrounding their reproductive health, contraceptives, menstrual, beauty, and health products. In addition, the financial support will assist in expanding Kasha’s offering across Kenya and Rwanda.  Read also: Networks Unlimited Wins 2 Channel Awards at Fortinet Africa Virtual Security Day In an official press release, Maria Håkansson, CEO of Swedfund, explains the objective to strengthen sexual and reproductive health and rights (SRHR) and the importance of investing in Kasha. ‘‘Social stigma around sexual...

Rwanda Invests Rwf15 Billion In Pig, Poultry Farming

The Rwandan government in collaboration with The Belgian Development Agency Enabel is working on an agricultural project through the Rwanda Agriculture Board (RAB) aimed at expanding investment in agriculture with a special focus on Piggery and Poultry farming.  RAB say that pig and poultry yields are expected to increase thanks to fresh interventions aimed at reducing the prices of animal feeds and improve the quality of breeds. The country is banking on a Rwf15-billion project, which was launched recently by Partnership for Resilient and Inclusive Small Livestock Markets (PRISM), to develop the livestock value chain. The 5-year project also seeks to attract private investments in the industry to reduce...

EU’s Leading VC Pours $10M Seed, Its First Ever Funding In Africa, Into A Year-Old Nigerian Startup Kuda

The biggest seed funding round for any African startup! Nigeria‘s fintech startup Kuda, has defied the odds, beating naysayers about the country’s investment environment to raise $10 million in seed funding round. Last year, it raised $1.6 million in pre-seed.  “We want to bank every African on the planet, wherever you are in the world,” CEO Babs Ogundeyi said in an interview. “We have built the core banking services in-house so we own the full stack. It means we don’t have to piggy back on another financial institution. We may choose to partner on certain products but we don’t have to.” Here Is What You Need To Know The $10...

Daily Digest Wednesday 11 November 2020

Funding In East Africa Kenyan Agri-tech Startup Farmers Pride Raises $220k From Gray Matters Capital’s CoLABS Farmers Pride is a last mile online-to-offline marketplace platform that connects farmers with everything they need to succeed by leveraging on technology and franchising to improve the capacity of women-owned agro-dealer stores to ensure increased farm production and improved family income and food security.  Read more Funding In West Africa EU’s Leading VC Pours $10M Seed, Its First Ever Funding In Africa, Into A Year-Old Nigerian Startup Kuda Since launching in September 2019, Kuda has reportedly picked up around 300,000 customers — first consumers and now also small businesses — and on average processes over $500 million of transactions each month....

Networks Unlimited Wins 2 Channel Awards at Fortinet Africa Virtual Security Day

Networks Unlimited Africa, a leading value-added distributor operating within sub-Saharan Africa, received two awards, namely the Technical Support Distributor of the Year: Southern Africa award and the DLB Growth Distributor of the Year: East Africa award at the recent Fortinet Africa Virtual Security Day. This was the first time that the event took place via a virtual platform, due to the current restrictions around the global COVID-19 pandemic. The online nature of the awards ceremony also ensured that this broadened its reach to other parts of Africa, and not only within South Africa. Stefan van de Giessen, General Manager: Cybersecurity at Networks Unlimited Africa, comments, “We have proudly maintained our...

25 Young African Agripreneurs Advance To ‘Boot Camp’ In The African Development Bank’s $120,000 AgriPitch Competition

(AfDB ) - Twenty-five young African agripreneurs have advanced to the “boot camp” final round of the African Development Bank’s AgriPitch competition, stepping closer to a share of $120,000 in seed funding prizes, training and other benefits. The final round offers young entrepreneurs in Africa’s agricultural sector the opportunity to pitch their agribusiness proposals online to a panel of experts and investors who will select the winners. Read also: Egypt Ventures To Expand Investments By $3.95mln Over 2020 AgriPitch organizers received more than 2,500 applications and evaluated 605 proposals from 30 countries. The finalists, from 12 African nations, submitted promising proposals that best embraced the 2020 theme of “Driving...

Kenyan Agri-tech Startup Farmers Pride Raises $220k From Gray Matters Capital’s CoLABS

KENYA – Kenyan startup Farmers Pride, a one-stop e-commerce platform that connects village level farmers to quality inputs, services, and information through women-owned DigiShops powered by technology, has raised US$220,000 funding from Gray Matters Capital under its gender portfolio coLABS. Farmers Pride is a last mile online-to-offline marketplace platform that connects farmers with everything they need to succeed by leveraging on technology and franchising to improve the capacity of women-owned agro-dealer stores to ensure increased farm production and improved family income and food security.  Read also: Quick Base’s Unique Approach To Enterprise Grade Low/No-Code Solutions The startup’s DigiShop platform creates new agriculture opportunities to village level farmers to access trusted and dependable information, inputs, and services. The startup now plans to scale its offering after raising funding from Gray...

Daily Digest Tuesday 10 November 2020

Call For Funding & Other Web- Events Webinar: Quick Base’s Unique Approach To Enterprise Grade Low/No-Code Solutions In a recent Harvard Business Review study, 92% of CIOs say a “dual-track” approach is essential to digital transformation, pairing traditional, IT-led grand-scale transformation with a new form of business-led “rapid cycle innovation”. Read More Funding In Southern Africa Namibia’s Kelp Farm Project To Get US$60m Investment From CFM And Eos Capital NAMIBIA – Climate Investor Two (CI2), managed by Climate Fund Managers (CFM), Kelp Blue and the Namibia Infrastructure Development and Investment Fund (NIDIF), managed by Eos Capital, have partnered for a commercial development of the world’s first large- scale kelp farm. Read more Funding In North Africa Egypt Ventures To Expand Investments By $3.95mln Over...

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