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Daily Digest Wednesday, 3 June 2020

Funding In North Africa Orange Egypt launches seed support venture for entrepreneurs, tech start-ups Orange Egypt has announced the launch of a challenge for digital solutions and services in Egypt and the Middle East, under the sponsorship of Orange Group.Read more Funding In East Africa Ugandan Businesses Get $139 million From The EU Countries and organizations in Europe under their aegis of Team Europe have announced their intention to provide 125 million euros (about 518 billion shillings) in loans to help Ugandan small and medium-sized businesses recover from the impact of the coronavirus. Read more Funding In Southern Africa LionPride Agility Fund invests in SA healthtech BusyMed SA healthtech startup BusyMed has raised an undisclosed...

Ugandan Businesses Get $139 million From The EU

Countries and organizations in Europe under their aegis of Team Europe have announced their intention to provide 125 million euros (about 518 billion shillings) in loans to help Ugandan small and medium-sized businesses recover from the impact of the coronavirus. “We are planning a package to provide access to credit to small and medium-sized enterprises in the sectors most affected by the crisis. This package will also encourage new partnerships between Ugandan and European entrepreneurs,” Team Europe said in a statement. The details Support for small businesses will go through local banks. The timetable for companies to start making money is not yet clear. In the same statement, Team Europe...

LionPride Agility Fund invests in SA healthtech BusyMed

SA healthtech startup BusyMed has raised an undisclosed amount of investment from the R500-million LionPride Agility Fund. Neither the investor nor the startup disclosed the investment amount. BusyMed was founded in April last year by Port Elizabeth based entrepreneur Mphati Jezile The startup aims to connect consumers directly to pharmacies via a digital platform, giving them access to online consultations, as well as product and medication purchases with fast home delivery. The platform allows pharmacies to provide real-time stock information, access performance data on best-selling items, manage inventory more effectively and leverage off existing pharmacy and third-party delivery solutions. BusyMed which connects consumers directly to pharmacies via a digital platform has...

Orange Egypt launches seed support venture for entrepreneurs, tech start-ups

Orange Egypt has announced the launch of a challenge for digital solutions and services in Egypt and the Middle East, under the sponsorship of Orange Group. The challenge aims to support entrepreneurs and tech-driven start-ups during the ongoing coronavirus (COVID-19) crisis. Many start-ups are currently experiencing difficulty accessing finance, due to the low number of active investors. It is particularly seed investments that have seen a decline due to the global pandemic. The Orange Ventures MEA Seed Challenge is open to seed stage start-ups in Cameroon, Ivory Coast, Egypt, Jordan, Morocco, Senegal and Tunisia. Orange Ventures plans to invest a total of €500,000 in the MEA start-up ecosystem...

[APPLY] The GoGettaz Agripreneur Prize

The GoGettaz Agripreneur Prize aims to find Africa’s brightest young agrifood entrepreneurs. We are searching for agribusinesses that bring technology, innovation, and passion to the agriculture and food industries. Agrifood entrepreneurship is the biggest opportunity in Africa today. Before the global coronavirus pandemic, we liked to say agribusiness is a trillion-dollar opportunity. Now, everyone on the planet understands that agribusiness truly is a critical industry. YOU could win one of two US$50,000 cash prizes that will help you change your world and transform the agri-food business in Africa. We need strong agriculture and food businesses to get us through the pandemic and grow our communities and economies when it’s...

Daily Digest Tuesday, 2 June 2020

Funding In Africa DHL Expands Footnote in Africa, Acquires Stake in Link Commerce In preparation for the scramble for the budding Africa retail logistics market, global logistics firm DHL  has acquired a minority stake in Link Commerce, a turn-key e-commerce company that grew out of MallforAfrica.com — a Nigerian digital-retail startup. Read more Funding In Other Emerging Markets GoBear Accelerates Its Transformation To Become Asia's Leading Financial Services Platform With US$17M Fundraised Led by Adrian Chng, CEO, GoBear provides an alternative data powered financial services platform for insurance, banking and lending products. Read more Call For Applications [APPLY] UNECA COVID-19 Innovation Challenge The Innovation Challenge 2020 of the Forum seeks...

Awief opens nominations for its 2020 awards

The Africa Women Innovation and Entrepreneurship Forum (Awief) is calling for nominations for the Awief Awards 2020. The awards, which are to be held in December, aim to honour female founders and entrepreneurs designed to recognise and celebrate their contribution to the growth of Africa’s economy. In a statement last week, the organisation said this year a new award category, the Energy Entrepreneur Award, has been created to recognise excellence in the power, oil and gas, and renewable energy sector. Nominations for the Awief Awards 2020 close on 30 June Said Aweif founder and CEO Irene Ochem: “We have an obligation, now more than ever, to recognise and showcase...

DHL Expands Footnote in Africa, Acquires Stake in Link Commerce

In preparation for the scramble for the budding Africa retail logistics market, global logistics firm DHL  has acquired a minority stake in Link Commerce, a turn-key e-commerce company that grew out of MallforAfrica.com — a Nigerian digital-retail startup. Link Commerce offers a white-label solution for doing online-sales in emerging markets. With their platform, retailers can plug into the company’s e-commerce platform to create a web-based storefront that manages payments and logistics. With the investment one of the world’s largest delivery services looks to build a broader client-base globally using a business built in Africa. “DHL is trying to get their hands more into global e-commerce…across the world and...

GoBear accelerates its transformation to become Asia’s leading financial services platform with US$17M fundraised

GoBear, a Singapore-based financial services platform, raised US$17M in fifth funding. Backers included existing investors Walvis Participaties and Aegon N.V. The company intends to use the funds to accelerate development of its financial services platform. Led by Adrian Chng, CEO, GoBear provides an alternative data powered financial services platform for insurance, banking and lending products. Alternative data – including consumer behaviour and digital footprints – gives the company insights to assess and price risk, work with partners to identify market gaps, and cocreate financial products. Having commenced in Singapore since early 2015, the company is now in 7 markets: Hong Kong SAR, Indonesia, Malaysia, the Philippines, Singapore, Thailand...

[APPLY] UNECA COVID-19 Innovation Challenge

Introduction to the Forum The novel coronavirus 2019 (COVID-19) threatens to undo the hard-earned health, economic and social development gains that Africa has registered since 2000. COVID-19 has overrun well-resourced healthcare systems of some developed and developing countries and several organizations, including WHO, have issued cautionary statements encouraging African countries to boost their healthcare capabilities to meeting the impending surge in infections. Africa traditionally depends on external supplies of medical equipment, diagnostic reagents and tools, protective gear and medicines. With a global scramble for limited medical supplies, Africa may have to turn inwards. The continent may need to leverage the limited technology and innovation capabilities, harness and...