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African Cleantech Deals Stand Over Regular VC Funding Like A Familiar Solar Tower

Africa has all the makings of the world’s cleanest economic revolution. By leveraging renewable energy sources to brighten an extensive stretch of urbanization, the continent’s sunshine is not entirely going to waste. Even though the installations so far are less than half of what’s in place in the UK, cleantech is playing a significant role is supporting the region’s double-swelling populace. According to the International Energy Agency, renewables form part of what will make industrialization in Africa a reality, over the next two decades. In a report released last November, the agency predicted a sun-enabled boom in countries across the continent. This forecast could provide hundreds of millions of African homes...

Daily Digest Mon, Apr. 13, 2020

Africa African Development Bank Group approves $10 million equity in Razorite Healthcare Fund for Africa The 10-year deal, approved on 26 February, will resource the Fund to address growing demands for affordable and quality healthcare services in several countries of Sub-Saharan Africa faced lack of  access to low cost, first-class healthcare. RHAF1, to be registered in Mauritius, will provide growth capital to operating healthcare infrastructure facilities which show high potential for growth, as well as build new facilities, where identified as necessary.  East Africa Kenyan Logistics Startup Amitruck Secures Funding From GreenTec Capital Kenyan logistics startup, Amitruck, has secured an undisclosed amount of funding from GreenTec Capital. Amitruck...

LifeBank launches Quip to crowdsource equipment for COVID 19 patients

LifeBank, a healthtech firm delivering blood and other essential medical products has launched QUIP, a national register that makes needed medical equipment to help manage COVID-19. QUIP is a platform for hospitals to list their unused equipment such as respirators, defibrillators, ICU beds to rent them out whenever needed. The open-source platform aims to help hospitals to join hands in preventing further spread of the disease and proper management of those infected. We know that Nigeria will need ventilators, respirators & ICU beds. The firm says the equipment will be made available to Nigeria Centre for Disease Control (NCDC) as well as other state governments. “We believe all hands must...

Kids’ Learning Platform, Play Sense, Raises USD 458 K And Goes Full Edtech

South African children’s education venture, Play Sense, has morphed into a proper edtech startup after securing USD 458 K (ZAR 8.25 Mn) in funding from US-based VC firm, Enygma Ventures. Play Sense launched in Cape Town in 2016 as of 2018, the business had 22 little home-based schools up and running. Responding to demand in Gauteng, the company had also said it would launch its first Play Sense schools there in June 2018. Play Sense was co-founded by Meg Faure and Lara Schoenfeld, and it had set itself apart from other programs as a small home-based school for up to six 2-to-3-year-olds. But in the wake of realities of the COVID-19 pandemic which...

African Development Bank Group approves $10 million equity in Razorite Healthcare Fund for Africa

The Board of Directors of the African Development Bank has approved a $10-million equity investment in Razorite Healthcare Africa Fund 1 (RHAF1) to help improve healthcare infrastructure delivery across the continent. The 10-year deal, approved on 26 February, will resource the Fund to address growing demands for affordable and quality healthcare services in several countries of Sub-Saharan Africa faced lack of  access to low cost, first-class healthcare. RHAF1, to be registered in Mauritius, will provide growth capital to operating healthcare infrastructure facilities which show high potential for growth, as well as build new facilities, where identified as necessary.  To date, there have been over 9,000 cases of...

Kenyan Logistics Startup Secures Funding From GreenTec Capital

Kenyan logistics startup, Amitruck, has secured an undisclosed amount of funding from GreenTec Capital. Amitruck was co-founded by brothers, Mark and Timothy Mwangi in January 2019 as a vehicle-hailing company which connects traders to trucks, pick-ups, and motorcycles for goods delivery. The startup describes itself as “an innovative mobile and web-based trucking logistics platform that brings together cargo owners and transporters for their mutual benefit.” By matching cargo owners with trucking logistics professionals through a digital competitive bidding process, Amitruck is looking to bring trust and transparency into the USD 160 Bn African logistics sector.  Amitruck’s solution cuts out expensive middlemen whilst increasing security as all drivers and vehicles are...

Weekend Feature – Agritech Africa – Emerging Trends

1) Introduction The Agriculture theme for April continues this weekend by looking at Agritech's emerging trends, and the short to medium term future of Agritech and investment potential in Africa. In last weekend’s article, from a funding and investor point of view, we presented data indicating that Agritech, registered just 5.6% from a total pool attributed to African startups that raised $1million and above in funding by 2019. And though Agriculture is largely unexploited, it represents a crucial frontier and platform for growth that remains at a stage of infancy in terms of utilisation on the continent. Up to 2019, significant investments included Grainpulse $11m & Twiga Foods...

Mobiz, SA’s Mailchamp for SMS marketing nets first $1m in a $2m round

Mobiz, a South African SMS marketing engagement platform, has raised $1-million from SA venture capital (VC) firm Kalon Venture Partners, as part of a $2-million pre-Series A round. Mobiz was founded by Greg Chen (pictured above) and Clark Lin in 2014. Read more from source article: https://ventureburn.com/2020/03/sa-mailchimp-for-sms-marketing-mobiz-raises-1-m/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

COVID-19: AfDB lists largest social bond on London Stock Exchange

The African Development Bank (AfDB) has launched and listed the largest social bond on the London Stock Exchange.  The bond, which is tagged “Fight COVID-19’’, is now available through its sustainable Bond Market. The transaction, which is the first bond of the financial institution on the London Stock Exchange, was oversubscribed and attracted $4.6 billion of interest in the book. Read more from source article: https://nairametrics.com/2020/04/06/covid-19-afdb-lists-the-largest-social-bond-on-the-london-stock-exchange/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

Daily Digest Thur, Apr. 9, 2020

Africa GroFin Grants and Funding for Small and Growing Businesses in Africa GroFin Grants and Funding for Small and Growing Businesses in Africa. GroFin is seeking applications for its Small and Growing Business Fund. GroFin is a pioneering development financier specializing in financing and supporting small and growing businesses (SGBs) across Africa and the Middle East. 2. Jack Ma Foundation’s launches $1.5million...