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Daily Digest Friday 7 August 2020

Funding In Africa GAMBIA: JICA grants $15 million for rural water supply In the Gambia, the fourth phase of the Rural Drinking Water Supply Project can begin. On the 27th of July 2020, the government of this West African country signed a financing agreement with Japan through the Japan International Cooperation Agency (JICA). Read More Guidepost, healthtech startup receives investment funding The investment into the innovative telemedicine startup comes at a time where effective digital healthcare solutions for diabetes patients are critical. With the undisclosed investment funding, Guidepost will be able to enhance its service to users and provide safe jobs for nurses and dietitians. Read more South African TV...

South African TV and Film relief fund worth R8.3-million opens

A film and television relief fund worth R8.3-million has been established by Netflix in partnership with the South African Screen Federation (SASFED) and supported by the Independent Producers Organisation (IPO). The fund aims to provide short-term financial relief to ‘below-the-line workers whose livelihoods have been negatively impacted by the Covid-19 pandemic. Many of those impacted are paid hourly wages and work on a project-to-project basis.  Netflix has launched a Covid-19 relief fund worth R8.3-million for the SA TV and film industry In an official statement, Tshikulu Social Investment explains the aim of the fund.  ”We created this COVID-19 Film and Television Relief Fund to provide emergency relief to crew members who are most affected by...

GAMBIA: JICA grants $15 million for rural water supply

The Government of Japan has recently awarded a grant of about $15 million (770 million Gambian Dalasis) to the Gambia through the Japan International Cooperation Agency (JICA). The funds will be used to finance the fourth phase of the Rural Drinking Water Supply Project to be launched in the country in 2019. In the Gambia, the fourth phase of the Rural Drinking Water Supply Project can begin. On the 27th of July 2020, the government of this West African country signed a financing agreement with Japan through the Japan International Cooperation Agency (JICA). The Gambia thus benefits from a grant of about 15 million dollars (770...

AfricaCom 2020 Symposium Day 1

Overview Title: AfricaCom 2020 Symposium Day 1 Date: Tuesday, August 18, 2020 Time: 11:00 AM South Africa Standard Time Duration: 3 hoursSummary Join AfricaCom and Connecting Africa for a special two-day digital symposium that will discuss the most impactful issues driving the continent’s tech and innovation ecosystems. DAY ONE - Session 1 @ 11:00 AM SAST African Telecoms Outlook 2020 This year did not begin the way most people expected it to, so what does the future of the telecoms sector look like in Africa in 2020? In this Connecting Africa online event, local analysts and industry stakeholders will discuss what African operators’ priorities for the year should be and the most significant market trends expected to dominate in...

Guidepost, healthtech startup receives investment funding

Guidepost, a diabetes telemedicine startup has received a joint investment from AlphaCode, the fintech investment of Rand Merchant Investment Holdings, and local investment fund Endeavor. Guidepost has received an undisclosed investment from AlphaCode and Endeavor.  The investment into the innovative telemedicine startup comes at a time where effective digital healthcare solutions for diabetes patients are critical. With the undisclosed investment funding, Guidepost will be able to enhance its service to users and provide safe jobs for nurses and dietitians.  Dominique Collett, Senior Investment Executive at RMI and head of AlphaCode comments on the investment made into Guidepost.  “We believe in the work being done by Guidepost and continually invest in the technical...

THE REGION’S EVENT FOR TELECOMS, MEDIA, BROADCASTING AND TECHNOLOGY LEADERS HAS MOVED ONLINE

14 - 15 September 2020|Virtual Event Showcasing the positive impact of tech to drive East Africa's digital economy. Event Update: We have moved virtual! As we continue to closely monitor global developments alongside those in Kenya and East Africa around the impact of COVID-19, we have taken the decision to move East Africa Com to a fully virtual event for 2020. ABOUT EAST AFRICA COM VIRTUAL This year's East Africa Com has gone virtual. The two-day event will continue to explore the most important topics across the themes of connectivity, digital inclusion, and disruptive technologies, whilst also uncovering the future of the region's tech ecosystem.  In many ways, our virtual events...

Daily Digest Thursday 6 August 2020

Funding In East Africa UGANDA: AfDB grants US$ 6.5 million for Kayunga Water Supply Project The Uganda Strategic Towns Water Supply and Sanitation Project has just received funding from the African Development Bank (AfDB). The financial institution is lending more than 6.5 million dollars Read more IFU and Norfund back safari operator in East Africa IFU and Norfund have jointly provided $9m in debt financing to Asilia Africa, a safari operator in East Africa, to fund the company during the COVID-19 crisis and sustain the impact until the safari tourism is back to normal. Read more Funding In North Africa SMGF gets new investor SEAF Morocco Growth Fund (SMGF), an...

INTERVIEW: ITC Infotech Set to Invest in South Africa

IT services major ITC Infotech is all set to take its long-standing association with South Africa to the next level. The company will soon inaugurate a new global delivery centre in Johannesburg. ITNA’s Jenna Delport had the opportunity to chat to Vishal Kumar, President & Regional Head at ITC Infotech, about the launch of this 10,000 sq ft facility. Here’s what transpired: What inspired the need for ITC Infotech’s delivery centre? ITC Infotech established its presence in South Africa in 2010, and we have steadily expanded our operations across the region. Over the years, we have witnessed firsthand the evolution of South Africa into a very attractive destination for...

IFU and Norfund back safari operator in East Africa

IFU and Norfund have jointly provided $9m in debt financing to Asilia Africa, a safari operator in East Africa, to fund the company during the COVID-19 crisis and sustain the impact until the safari tourism is back to normal. IFU and Norfund have jointly provided $9m in debt financing to Asilia Africa, a safari operator in East Africa, to fund the company during the COVID-19 crisis and sustain the impact until the safari tourism is back to normal. Emil Sierczynski, Senior Investment Manager, IFU, said: “Asilia is a very professional and well-managed safari operator with a high degree of social responsibility and a sustainable approach to tourism,...

SMGF gets new investor

SEAF Morocco Growth Fund (SMGF), an investment fund whose strategy is to invest in seed to early-stage innovative companies with high-growth potential in Morocco, has welcomed ASMA Invest as a new investor. SEAF Morocco Growth Fund (SMGF), an investment fund whose strategy is to invest in seed to early-stage innovative companies with high-growth potential in Morocco, has welcomed ASMA Invest as a new investor. Meriem Zairi, Managing Director of the Fund, said: “Following La Caisse Marocaine des Retraites, we are extremely pleased to welcome a new institutional investor, ASMA Invest, in the final closing of our SMGF Fund.” “The entry of ASMA Invest demonstrates the confidence of leading...

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