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Awakening the entrepreneurial spirit of every young African is key to continent’s future, development leaders agree

(AfDB) - The African Development Bank joined a number of development leaders in calling for greater support of youth entrepreneurship during a virtual event organized by the Tony Elumelu Foundation. The webinar was timed to coincide with International Youth Day, which fell on Wednesday 12 August, 2020. “Africa is young, and we need to do whatever it takes to empower our youth because they are the future of the continent,” said the Bank’s Acting Vice President for Agriculture, Human and Social Development, Wambui Gichuri, a featured speaker. “Entrepreneurship is an essential part in addressing Africa’s employment challenge and where we need to put our focus.” The webinar,...

KILIMO FRESH WINS $50,000 EQUITY INVESTMENT AT MEST AFRICA CHALLENGE VIRTUAL FINALS

Tanzanian start-up Kilimo Fresh, a digital distributor of fresh produce to hotels, restaurants, supermarkets, institutions, wholesalers, and export markets has been named the winner of the MEST Africa Challenge, winning US$50,000 in equity investment. Start-ups from Ethiopia, Kenya, Ivory Coast, Rwanda, Ghana, Tanzania, Senegal, Nigeria and South Africa were selected to take part in the MEST Africa Challenge, run by Pan-African training programme, seed fund, incubator, and hub MEST Africa. After two months of amazing pitches from Africa's best tech startups, and an intense finale, it's official. The winner of the 2020 #MESTAfricaChallenge, $50,000 in funding and a spot in one of @MESTAfrica's incubators is @kilimo_fresh.Congratulations and welcome to @MESTAfrica pic.twitter.com/i4bpDXCFxD— MEST Africa (@MESTAfrica) August...

FACEBOOK ACCELERATOR: COMMERCE PROGRAM 2021 FOR INNOVATIVE STARTUPS

Facebook Accelerator: Commerce is a 12-week non-equity program supporting innovative commerce startups who renew shopping experiences for buyers and sellers.  At Facebook, our focus has long been to bring people together and build community. We are committed to the startup ecosystem and believe that by connecting, training, and growing entrepreneurs through our programs, Facebook can empower people to solve relevant, meaningful problems. In this critical time, Facebook is doubling down on commerce and accelerating its work to enable every business to sell online and help people gain inspiration, discover and buy the products they love. Our commerce vision is one unified shopping experience across all Facebook apps. We can’t achieve this...

GFA Attract Episode 6: Interview with Yassine Oussaifi, Venture Capital Partner at AfricInvest Group

https://youtu.be/aVP5khw6ZXQ In this episode of GFA-Attract, GetFundedAfrica's Co-Founder, Debo Omololu discusses with Yassine Oussaifi, a Tunis-based Venture Capital Partner at AfricInvest Group. AfricInvest has $1.5 billion in funds under management and is one of Africa's largest venture capital firms. Yassine loves water sports and basketball and tries to relax at beach locations. In this episode,  you will learn: How Africinvest's size allows it to be one of a handful of African venture capital firms that invests in Europe & North America for the benefit of Africa.Yassine's view on the importance of innovation and why AfricInvest set up its innovation FundYassine's view of the increasing investment in African venture entrepreneurs which...

Daily Digest Friday 14 August 2020

Funding In East Africa Kaspersky Extends Reach to West Africa First Distribution currently distributes Kaspersky in Southern Africa and East Africa. The addition of the new territory means it now covers the full region for non-Francophone sub-Saharan Africa. Read more Funding In Southern Africa Former Springbok Bryan Habana’s app scores big World Cup-winning Springbok star, Bryan Habana, has announced the first two months of traction achieved with his award-winning creative team‘s MatchKit, an innovative platform that gives athletes a ground-breaking solution for commercialising their digital brand. Read more Funding In East Africa Kenyan retail-tech startup MarketForce selected for Y Combinator, banks $150k Launched in 2018, MarketForce enables consumer brands to optimise how they deliver essential goods...

Former Springbok Bryan Habana’s app scores big

World Cup-winning Springbok star, Bryan Habana, has announced the first two months of traction achieved with his award-winning creative team‘s MatchKit, an innovative platform that gives athletes a ground-breaking solution for commercialising their digital brand.  MatchKit has partnered with the  JVW Football Club According to MatchKit, a reported 2.6-million fans have utilised the app within the first six weeks of its launch. The app is currently focused on providing female athletes a platform to commercialise their brands.  A new partnership  In addition to gaining traction, a secondary milestone has been scored as MatchKit has partnered with JVW Football Club, owned by Banyana Banyana Captain, Janine van Wyk.  JVW Football Club focuses on...

Kenyan retail-tech startup MarketForce selected for Y Combinator, banks $150k

Kenyan retail-tech startup MarketForce is the only Sub-Saharan African company selected for the Y Combinator Summer 2020 batch, securing US$150,000 in funding and the inspiration for a new product. Launched in 2018, MarketForce enables consumer brands to optimise how they deliver essential goods and services to retailers and consumers by bridging the information gap in last mile distribution, while maximising efficiency across the sales and distribution value chain.  The startup’s platform leverages mobile devices by enabling field agents to record all customer interactions as they happen in the field, and then aggregates this data and presents it through live web dashboards. In May that MarketForce had raised US$350,000 in seed funding...

Kaspersky Extends Reach to West Africa

Kaspersky has partnered with Pan-African distributor company, First Distribution, to expand its security software portfolio into West Africa. First Distribution currently distributes Kaspersky in Southern Africa and East Africa. The addition of the new territory means it now covers the full region for non-Francophone sub-Saharan Africa. Kaspersky is a global cybersecurity company founded in 1997. Kaspersky’s deep threat intelligence and security expertise is said to be constantly transforming into security solutions and services to protect businesses, critical infrastructure, governments and consumers around the globe. The company’s comprehensive security portfolio includes leading endpoint protection and a number of specialised security solutions and services to fight sophisticated and evolving digital...

Daily Digest Thursday 13 August 2020

Funding In North Africa Moroccan SME’s Get €40 Million Financing Package to Strengthen Resilience Efforts aimed at helping small and medium scale businesses in Morocco to remain afloat is yielding fruits with the €40 million financing package from the European Bank for Reconstruction and Development to support private businesses and trade in Morocco. Funding In Southern Africa Zambian Startup WidEnergy Secures Funding From ShEquity Newly launched women-entrepreneurs-focused fund ShEquity has made its second investment in Zambian cleantech startup WidEnergy, after the fund recently invested in Kenyan AI startup SuperFluid Labs. The amount involved in this round of financing is undisclosed. Read more Call For Applications & Other Web-events Webinar: How Big...

Zambian Startup WidEnergy Secures Funding From ShEquity

Newly launched women-entrepreneurs-focused fund ShEquity has made its second investment in Zambian cleantech startup WidEnergy, after the fund recently invested in Kenyan AI startup SuperFluid Labs. The amount involved in this round of financing is undisclosed.  A Look At WidEnergy WidEnergy is a woman-led for-profit social enterprise which is dedicated to female empowerment and the expansion of affordable energy access. It leverages an innovative pay-as-you-go (PAYG) model to provide solar-powered homes and appliances.The company’s name is an acronym for “Women in Development,” reflecting its goal of engaging women as active participants in Africa’s energy transition.WidEnergy works with 80 female sales agents to distribute renewable energy solutions across Zambia, focusing...

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