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Founder Institute and Semicolon Team Up to Support Early-Stage Founders with Technical Resources

The Founder Institute, the world’s largest pre-seed accelerator program, and Semicolon, an organisation turning Africa’s vibrant youth population into an army of technologists – software developers, enterprise architects, project managers, etc., are announcing a local partnership to further connect early-stage startups with technical resources. As part of this partnership, the two organizations are announcing a mutual partnership to collaborate and work with aspiring software engineers and entrepreneurs in the tech ecosystem through Founder Institute program and Semicolon’s Techpreneurship program in Lagos, Nigeria. “A country’s greatest investment is in its people and we must do what we can at all times to drive it—drive them.” - Semicolon Founder...

Africa Bank 4.0 Summit

Africa Bank 4.0 Summit brings together the haut monde of Africa’s financial sector to address solutions around transforming Africa’s digital financial services roadmap keeping view how the 4th Industrial Revolution makes an impact. This must attend summit focuses on how financial services providers can capitalize on new technology to bring more value-added services to the mass market customer segment, what are the opportunities in collaborating with third party disruptors to enhance the customer value chain, and how to ensure a safe and secured experience. The impressive growth in financial inclusion in Sub-Saharan Africa over the last few years has been driven primarily by mobile money and...

The Africa Energy Forum

The Africa Energy Forum is the global investment conference & exhibition for Africa’s energy, infrastructure & industrial sectors. aef 2020 arrives in Barcelona, Spain from 30th June - 3rd July 2020.Under the overarching theme “Investment & Impact,” the Africa Energy Forum’s 2020 programme will put sustainable development and the impact of power projects under the spotlight. The Forum brings together decision-makers in Africa's energy sector to form partnerships, identify opportunities and collectively move the industry forward. aef has a loyal following of credible players working in the power space, and a track record of delivering a valuable networking experience. Read more from source article: https://www.africa-energy-forum.com/?utm_medium=Banner&utm_source=MediaPartnerWeb&utm_campaign=AEF20_AfricaCapitalDigest Click here to...

Cameroon: International business fair FIAC postponed to October 2020, provided the coronavirus pandemic ends in July

The coronavirus pandemic raging in Cameroon since March 2020 could last for another 3 months. This estimate was made in a recent background note published by The International Business and Trade Fair of Douala (FIAC). The note, based its estimate on the opinion of experts who foresee the end of the pandemic in July 2020. Therefore, the FIAC indicates, the Fiac-PmExchange previously planned to be held on April 4-19, 2020 is postponed to October 17-November 1, 2020.    Before the note, the Ministry of Commerce had already published, on March 18, 2020, a press release informing about the postponement of the event organized by the Cameroonian government, via Fondation Inter-progress, and E-Cam’s PmExchange. The...

Cameroon: Agribusiness unit Sodecoton receives XAF64.3 bln from the IDB to better support cotton producers

On April 7, 2020, Cameroon’s Minister of Economy Alamine Ousmane Mey signed a XAF64.3 billion funding agreement with the International Islamic Trade Finance Corporation (ITFC), an autonomous entity within the Islamic Development Bank (IDB).   The fund is destined to state-owned agribusiness unit Sodecoton, which supervises over 250,000 cotton producers in the Northern region.   According to the terms of the agreement, those funds will be used to purchase inputs and cottonseeds, which will be provided to producers. Initially set to XAF13 billion every year, the IDB’s support to Sodecoton was revised upwards during the 2017-2018 cotton season, after arduous negotiations between the fund provider and Cameroon. It is...

Covid-19: Africa’s private equity sector at risk of a slowdown

Private equity firms present or operating in Africa face the risk of a slowdown due to the current coronavirus pandemic. Many companies that partner with private equity funds are also exposed to the negative consequences of the lockdown measures taken by several countries in the region to deal with the pandemic. In South Africa, the Central Bank plans a quantitative easing strategy that will involve buying bonds to bring balance in the financial sector, especially the banking sector. For the time being, the arrangements for supporting investments by private equity firms and funds are not clearly defined. According to data provided by the Crunchbase database, a total...

DGGF Investing in the entrepreneurial ecosystem of Morocco

On 13 March 2020, the Netherlands Embassy in Morocco, in partnership with the Moroccan Center for Innovation and Social Entrepreneurship (MCISE), closed the 2nd edition of the Orange Corners Morocco programme with the award ceremony of the Orange Corners Innovation Fund (OCIF) to the 5 most innovative startups. On this occasion the Azur Innovation Fund (AIF) was launched – an investee of the Dutch Good Growth Fund investing in innovative high-impact start-ups. Furthermore, the results of the Tidjani “Closing the Gap” study were presented. This study focuses on the "missing middle" in the entrepreneurial ecosystem in Morocco. Orange Corners Morocco Orange Corners Morocco is an incubation programme for...

GreenTec Capital Invests in Zambia’s WidEnergy Africa

GreenTec Capital has announced that it has made an undisclosed investment in Zambia-based WidEnergy Africa. WidEnergy is a woman-led Zambian for-profit social enterprise dedicated to women’s empowerment and the expansion of affordable energy access. The company leverages an innovative Pay-As-You-Go model to provide solar-powered homes and appliances. WidEnergy focuses on expanding access to affordable energy through the innovative application of the PAYGO (pay-as-you-go) model, which has a low penetration rate in Southern Africa providing a large market opportunity. The company’s name is an acronym for “Women in Development,” reflecting the company’s goal to engage women as active participants in Africa’s energy transition. Read more from source article: https://www.techawkng.com/2019/06/24/greentec-capital-invests-in-zambias-widenergy-africa/ Click here to subscribe for...

MIT Solve rises to meet health security and pandemic challenge

In the face of the Covid-19 pandemic, MIT Solve launched a new Global Challenge: How can communities around the world prepare for, detect, and respond to emerging pandemics and health security threats? Solve’s mission is to foster innovation, seeking out tech-based social entrepreneurs and helping them scale up their ideas. The new Solve Health Security and Pandemics Challenge is designed to produce both short-term solutions to the impact of the current pandemic as well as longer-term strategies for future crises. “The reason that this pandemic is costing so many lives is that we were unprepared,” says Pooja Wagh ’06, Solve’s director of health community and results measurement....