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SA edtech startup receives $7-million investment

Vologda Bradley Elliott, the Chief Marketing and Innovation Officer of Valenture provides insight into how the investment will help the edtech startup reach its goals.  The investment will be used towards the high-tech enabled boutique high school campuses in South Africa  “The investment will be used for further global expansion, enhancing the learning experience, and building out additional offerings such as new subjects and exclusive bootcamps like Coding, Design Thinking, Data Science, and more.” In addition, the funding will be used for resources dedicated to the roll-out of the school’s hybrid, tech-enabled, boutique campuses, which combine online learning, in-person guidance by Learning Coaches, and socialising with peers, and additional features...

Helios Investment Partners Eyes South Africa

Helios Investment Partners says it is eying South Africa for opportunities, claiming the current pessimism is “overdone.” “South Africa, notwithstanding the challenges that it is having - both from the human toll of Covid-19 and the economic challenges- paradoxically is becoming more interesting for us,” Tope Lawani (pictured), co-founder and managing partner at Helios, said in an interview with Bloomberg. No detail was provided on the companies Helios is targeting but the firm says it plans investments in fintech, insurance, and the energy sector. According to Tope Lawani, Helios is also considering the possibility of imitating a Ghanaian liquefied natural gas project in South Africa to help...

Sahara Energy Pens $43m LPG Supply Deal in Cote d’Ivoire

Sahara Energy Logistics Holding Limited (a Sahara Group company) and the national oil company of Cote d’Ivoire (Société Nationale d’Opérations Pétrolières de la Cote d’Ivoire ) Petroci Holding), have entered into a Joint Venture Agreement (JVA) to facilitate the construction of a 12,000 Metric Tonnes Liquefied Petroleum Gas (LPG) storage facility to guarantee LPG supply security in the nation. The cost of the project is estimated at $43million and will be executed in two phases, with commissioning scheduled for November 2021 and October 2022 respectively. Read also; Local proptech Company HouseMe Secures Funding Incorporated as SAPET Energy S.A., the joint venture company will handle the construction, operation, and...

Entrepreneurship Is The Most Reliable Way To Build Wealth In Africa, Not Inheritance -The African Wealth Report

In Africa, wealth isn’t inherited but made, says a new report entitled The African Wealth Report, recently released by Africa’s biggest bank Standard Bank. The report found entrepreneurship to be the most common option used by Africans to create wealth. No less than 148 of 265 people surveyed in Ghana, Kenya, Mauritius, Nigeria and South Africa they made their first million dollars and continued to make more thereafter from entrepreneurship. “To draw a more complete picture of the wealth sector in Africa, a total of 265 respondents were surveyed and 75 face-to-face interviews conducted across five key markets — Ghana, Kenya, Mauritius, Nigeria and South Africa — with the estimated...

South African Crypto Startup Luno Acquired By World’s Largest Blockchain Investor

Good news for founders and investors in leading South African cryptocurrency exchange, Luno. Digital Currency Group (DCG), a global enterprise that builds, buys, and invests in blockchain companies, has announced that it has acquired the company, 7 years after it was started. Good news for founders and investors in leading South African cryptocurrency exchange, Luno. Digital Currency Group (DCG), a global enterprise that builds, buys, and invests in blockchain companies, has announced that it has acquired the company, 7 years after it was started. Here Is What You Need To Know Nothing is however changing in the leadership team of the company as Luno’s team will remain intact and Swanepoel will lead acquisition...

Energy Startup Raises $3.3m Series A To Expand Into Malawi, Uganda

African startups are trudging on inspite of the negative impacts of the Covid-19 pandemic on businesses, and many of them are using the opportunities provided by the market disruptions to expand into other markets within the continent. This could be gleaned from the number of successful funding that has taken place since the great lockdown. The latest on the list is South African pay-as-you-go (PAYG) solar energy startup Yellow which is embarking on an expansion drive which will see it berth in Malawi and Uganda. The US$3.3 million Series A funding round it successfully achieved will aid its scaling-up its footprint to over 100,000 customers in Malawi and Uganda. Founded in 2017, Yellow has enabled...

Daily Digest Wednesday, 16 September 2020

Funding In East Africa Energy Startup Raises $3.3m Series A To Expand Into Malawi, Uganda This could be gleaned from the number of successful funding that has taken place since the great lockdown. The latest on the list is South African pay-as-you-go (PAYG) solar energy startup Yellow which is embarking on an expansion drive which will see it berth in Malawi and Uganda. The US$3.3 million Series A funding round it successfully achieved will aid its scaling-up its footprint to over 100,000 customers in Malawi and Uganda. Read more Funding In West Africa Sahara Energy Pens $43m LPG Supply Deal in Cote d’Ivoire Incorporated as SAPET Energy S.A., the joint venture company...

GFA Weekly Round-Up Podcast (September 8- September 12)

Nichole discussed the funding activity recorded on the GFA platform and deep dive into the blockchain industry in Africa. https://soundcloud.com/get-fundedafrica/gfa-weekly-round-up-september-8-12 Follow us on soundcloud and sign up to out daily digest to get all the latest updates GetFundedAfrica’s mission is to uplift people and economies in Africa through entrepreneurship; helping companies find funding, grow, create jobs and solve society’s greatest challenges Follow Us ...

GFA Attract Series (VC Edition): Interview With Rob Eloff, Lateral Capital

In this episode of GFA-Attract, Debo discussed with South African born Rob Eloff the co-Founder&managing partner at Lateral Capital, a mission driven venture fund investing in early stage opportunities in Sub-saharan Africa to bridge the gap between capital and opportunities. https://youtu.be/yMF8WBnSPTc In this episode, you will learn about: Whether private Equity and Venture capital are right for Africa.The answer to the big debate about diversity and opportunities in AfricaHow to understand the rules of the game and, be able to translate them to the local environments.How investor bias is preventing investors from interpreting the market properly and becoming successful.The story behind how Lateral capital was formed.Why Private Equity...

Egyptian Startup Rology Secures $860,000 For Its Platform

Cairo-based healthtech Rology has secured $860,000 in a Pre-Series A round led by HIMangel. The round was also joined by Dubai Angel Investors (DAI), The Asia Africa Investment & Consulting (AAIC) from Japan, and Saudi’s Athaal Group. “For the last three years we saw firsthand how Rology’s services help hospitals offer fast and accurate care to their patients and how it can literally save patients’ lives. We look forward to expanding Rology’s platform to the African and Middle Eastern market where there is a huge need for Rology’s services and ultimately help hospitals offer better care to their patients,” Amr AboDraiaa, the co-founder and CEO Rology,...

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