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Quick Base’s Unique Approach To Enterprise Grade Low/No-Code Solutions

Description 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”. Yet only 31% of companies are adopting this approach.[1] Using the traditional, IT-led grand-scale transformation IT and business leaders have created a solid tech foundation and are making some progress, but…  Core customizations are too rigid, expensive, and slow, relying on hard-to-find specialty resources. Point solution sprawl creates extra work, hundreds of data islands, and mounting expenses. And more DIY tools, like error-prone spreadsheets and no-code tools, make data invisible to employees who need it...

Egypt Ventures To Expand Investments By $3.95mln Over 2020

Egypt Ventures, a government-seeded investment firm, has provided investments of EGP 257m since it was set up, and is working to expand in the coming period, according to the company’s CEO and Founder Ahmed Gomaa. Gomaa said that the company’s upcoming expansion will take place to provide more support for emerging Egyptian companies, with increased investments of EGP 62m in 2020. Set up in 2017, Egypt Ventures is an investment firm seeded by Egypt’s Ministry of International Cooperation and the Saudi Fund for Development. The firm supports and invests in startups in a diverse range of sectors across Egypt, with a blended finance model that directs capital into...

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. An investment of approximately $60million will be required over a 5-year period. Read Also: Egypt Logistics Startup ILLA Receives $500 000 In Funding This will be funded by both international and local Namibian sources through CI2 and NIDIF, pending investment approvals. Kelp Blue will seek the necessary Namibian regulatory approvals and will liaise closely with local authorities. Kelp Blue will cultivate giant kelp in nutrient-rich waters 3-10 kilometres off the coast of Namibia, near Lüderitz. The seaweed canopy will be sustainably harvested to produce alternative agri-food, bio-stimulant...

Cape Verdean Fintech Startup Makeba Raises $2.8m Through Crowdfunding

Makeba, an Africa-focused fintech startup in Africa that combines point-of-sale payments and money transfer into mobile applications exceeded its minimum-raise goal, bringing in more than $300,000 in its latest round of crowdfunding via the WeFunder platform. The pre-money valuation of the company is $30 million, and interested individuals can invest in the company for as little as $240 through the crowdfunding platform, according to a release. So far, 246 investors have invested $2,862,500 million in debt and equity, giving it the go-ahead to deploy in its first test market of Cape Verde, Africa. Makeba: Easier payments and remittances for emerging markets | Wefunder Makeba has also entered into a partnership...

Daily Digest Monday 9 November 2020

Funding In Africa African Trade Insurance Agency (ATI) Supports $67m Solar Plant In Malawi Nkhotakota Solar Power Plant, backed by an international consortium, is expected to set a regional standard and considerably reduce the country’s energy deficit; This is the 2nd renewable energy project supported by ATI’s Regional Liquidity Support Facility (RLSF), designed to cover the late-payment risks of publicly owned power utilities. Read More Funding In North Africa Brantu, An Egyptian Fashion E-Commerce Platform Raises Series A Investment Launched by Mohamed Rizk and Fredrik Granström last year, Brantu is an online business-to-consumer (B2C) marketplace selling clothing, bags, accessories and footwear. The startup was founded with the mission...

R26-million Investment Raised For Stellenbosch University Spinout Companies

Innovus, Stellenbosch University’s (SU) technology transfer team, has announced five new spinout companies that launched during the Covid-19 lockdown. The tech transfer team raised an investment of R26-million for SU spinout companies that are currently operating virtually.  The University of Stellenbosch Enterprises announces five new spinout companies created during Covid-19 The five new companies that were established are BioCODE, Phagoflux, Susento, Biotikum, and Immobazyme. These companies are examples of scientific breakthroughs that will become commercially available and provide innovations to society to assist with elements of healthcare.  Five new spinouts launched in lockdown 1.BioCODE™  BioCODE is a two-in-one nanosensor that identifies disease risk in patients at an early stage, for example;...

Nigerian Startups Apply For Startup North East Virtual Incubation Programme

The Startup North-East Virtual Incubation Programme, designed to assist Nigerian entrepreneurs in building their technology-based startup that solves challenges associated with aid distribution and data management in North East Nigeria has opened for applications.  Virtual Incubation Programme applications close 2 December 2020 Taking place over four-months, the entrepreneurship programme aims to rebuild the North East Nigerian region by uplifting tech startups that address the existing gaps in aid distribution and data management.  Successful applicants will be provided with additional support to put their product to market and deploy their applications by government and donor initiatives in the region.  Startup solutions To be considered for the programme, applying startups must focus...

Egypt Logistics Startup ILLA Receives $500 000 In Funding

Egypt-based logistics startup ILLA, has received a reported $500 000 in funding from Averroes VC, AUC Angels, and a group of local and regional strategic angel investors with follow-on funding from Flat6Labs Cairo.  The secured funding will be utilised to expand ILLA’s local market reach and explore its product reach to operate in regional markets.  Delivery logistics marketplace ILLA receives funding to expand the local market In an official press release, Mariam Kamel, Manager at AUC Angels, who invested in ILLA praises the ILLA team, commenting on the current shifts taking place in the logistics technology industry, adding that ILLA has a unique innovation that will grow the market. “The ailing...

Five Things Entrepreneurs Should Know Before Approaching A VC For Funding [Opinion]

As any South African venture capitalist (VC) will tell you, just keeping up with all the emails from entrepreneurs asking for funding can be a full-time job in and of itself. Unfortunately, even if we reply to every email, we have to turn down most of those applications.  Philani Sangweni provides valuable tips on what to consider before approaching VC firms  That isn’t because South Africa is short on entrepreneurial talent. It isn’t. I firmly believe that, with the right support, our entrepreneurs can transform the country and free it from its economic malaise.  The truth is, most of those rejections happen because the entrepreneur in question has...

Brantu, An Egyptian Fashion E-Commerce Platform Raises Series A Investment

Egypt-based fashion e-commerce platform Brantu has raised a seven-figure Series A round from Sawari Ventures. Launched by Mohamed Rizk and Fredrik Granström last year, Brantu is an online business-to-consumer (B2C) marketplace selling clothing, bags, accessories and footwear. The startup was founded with the mission of connecting local and global fashion brands to Egyptian consumers.  In its first year of operations, Brantu managed to acquire over 20,000 customers. The platform currently has an assortment offered exclusively for women sourced from 70 brands.  "We are changing the Egyptian consumer habit of buying fashion online. Before Brantu fashion, consumers bought through international/cross-border websites, facing the issues of long delivery times and...

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