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GFA Daily Digest Wednesday, 16 December 2020

http://demo2.goodvibeswebsitedesign.co.uk/wp-json/wp/v2/posts/1239 Funding In Western Africa Oolu, Senegal’s Solar Pay-As-You-Go Distributor, Raises $8.5M To Expand Energy Access In West Africa Oolu’s mission is to provide affordable energy access to rural and peri-urban customers in West Africa. Since its inception in 2015, the company has sold over 60,000 solar home systems to customers in the region. Read more Funding In Eastern Africa TLcom Makes First Investment In African Healthtech As Kenya’s Ilara Health Raises $3.75m Series A Funding The startup has announced it has secured $3.75 million in Series A funding to enable it expand its diagnostic reach across Africa and to accelerate the development of its integrated patient health management platform. Read...

TLcom Makes First Investment In African Healthtech As Kenya’s Ilara Health Raises $3.75m Series A Funding

Barely 2 months after receiving $1.1m in grant funding from the Bill & Melinda Gates Foundation, one of Africa’s most active investors, TLcom Capital has finally found faith in an African healthtech startup through Ilara Health, the Kenyan-based healthtech startup focused on bringing essential, affordable and life-saving diagnostics to African consumers. The startup has announced it has secured $3.75 million in Series A funding to enable it expand its diagnostic reach across Africa and to accelerate the development of its integrated patient health management platform. “This funding round allows us to significantly grow our on-the-ground presence and invest resources into our technology capabilities. In just one...

Oolu, Senegal’s Solar Pay-As-You-Go Distributor, Raises $8.5M To Expand Energy Access In West Africa

Oolu, a solar distributor in West Africa, has closed a $8.5 million Series B investment round led by independent renewable energy developer RP Global. Additional participating investors included Persistent Energy Capital, Shell-seeded impact investor All On, Gaia Impact Fund, and DPI Energy Ventures. Oolu’s mission is to provide affordable energy access to rural and peri-urban customers in West Africa. Since its inception in 2015, the company has sold over 60,000 solar home systems to customers in the region. In addition to a large distribution and service network, Oolu employs over 250 full-time employees and is run by a Dakar-based management team of whom 50% are women. With...

GFA Daily Digest Tuesday, 15 December 2020

Funding In Western Africa Fintech Startup Blueloop Has Secured US$77k Pre-Seed Funding In The Last Few Months Blueloop, a Nigerian fintech startup, has taken on US$77,000 in pre-seed funding from Hustle Fund VC, Pioneer, Mozilla, and some angel investors this year as it builds Flux, a mobile app for crypto-based cross-border payments. Read more Funding In Emerging Markets Tony Elumelu Foundation, EU To invest €20 Million Into Women-Owned Startups Across Africa The partnership will disburse €20 million in financial and technical support for women-owned businesses, across all 54 African countries, in addition to providing increased access to market linkages, supply chains and venture capital investments. Read more Click here to find...

Fintech Startup Blueloop Has Secured US$77k Pre-Seed Funding In The Last Few Months

NIGERIA – Blueloop, a Nigerian fintech startup, has taken on US$77,000 in pre-seed funding from Hustle Fund VC, Pioneer, Mozilla, and some angel investors this year as it builds Flux, a mobile app for crypto-based cross-border payments. Founded by Ben Eluan, Osezele Orukpe and Israel Akintunde, Blueloop is the company behind Flux, a mobile payments app for cross-border payments using cryptocurrencies. Using Flux, individuals and businesses can send and receive money from anywhere in the world, instantly convert it into cash, and spend it locally from their Flux Wallets. Read also: AfricInvest Invests In South African Agritech Startup Aerobotics In Its $16.5m Series B Round Flux works like a...

SA Fintech Launches Prepaid Virtual Card For SMEs

A digital payment fintech, PayCentral, has partnered with Mastercard to launch a secure online platform DigiCentral. The online platform provides SMEs with a cost-effective digital payment solution that allows business owners to pay incentives, rewards, gifting, corporate expenses, and employee salaries via a prepaid virtual card. Read also: AfricInvest Invests In South African Agritech Startup Aerobotics In Its $16.5m Series B Round In an official press release, Veenash Parbhoo founder of PayCentral explains that DigiCentral is targeted at SA SMEs to offer the virtual card as an alternative payment solution. “A large part of our focus in South Africa is directed toward SMEs. We find that owners of smaller businesses need...

Amazon Comes To North Africa, Launches Payment Services

Global ecommerce company Amazon has arrived North Africa fully and in a ground-breaking way. The trillion dollar company has announced the launch of Amazon Payment Services (APS) in the MENA zone (Middle East and North Africa). Apart from payments, this is a major boost to its ecommerce platform in the region. “Today’s launch marks another key milestone in Amazon’s promise to build the future of digital payments in the region, empowering businesses to provide user-friendly payment experience for their end-users… Amazon Payment Services is a natural next step in our journey, focusing on four fundamental pillars of trust, convenience, selection and pricing, underpinned by a best-in-class experience...

Daily Digest Monday, 14 December 2020

Funding In Southern Africa AfricInvest Invests In South African Agritech Startup Aerobotics In Its $16.5m Series B Round FMO, the Dutch development bank, and Cathay AfricInvest Innovation, have co-invested in Aerobotics, a South African AgriTech startup developing intelligent tools to the feed the world. Read more Funding In Western Africa Infrastructure Credit Guarantee InfraCredit Secures US$27m Equity Investment From InfraCo Africa InfraCo Africa’s equity investment, made through its dedicated investment vehicle, makes InfraCo Africa an equivalent shareholder alongside the Nigeria Sovereign Investment Authority (NSIA) and Africa Finance Corporation. Read more Opinion Corner How The Launch Of Three New VAT Tools Will Assist SMEs The newly developed tools aim to transform how SMEs manage...

Infrastructure Credit Guarantee InfraCredit Secures US$27m Equity Investment From InfraCo Africa

NIGERIA – InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has completed an approximately US$27m equity investment into InfraCredit, a specialised local currency infrastructure credit guarantee institution based in Lagos, Nigeria. InfraCo Africa’s equity investment, made through its dedicated investment vehicle, makes InfraCo Africa an equivalent shareholder alongside the Nigeria Sovereign Investment Authority (NSIA) and Africa Finance Corporation. Read also: A New $4 Million Fund Launched For Off-grid Companies In Kenya By AECF Gilles Vaes, CEO of InfraCo Africa, and Claire Jarratt, CIO of InfraCo Africa, will join InfraCredit’s Board of Directors. “Our equity investment in InfraCredit marks the first major transaction of our dedicated investment vehicle, InfraCo...

AfricInvest Invests In South African Agritech Startup Aerobotics In Its $16.5m Series B Round

FMO, the Dutch development bank, and Cathay AfricInvest Innovation, have co-invested in Aerobotics, a South African AgriTech startup developing intelligent tools to the feed the world. “Aerobotics is happy to partner with FMO Ventures and Cathay Africinvest Innovation to better serve our customers. Our strong relationship, coupled with this latest financial investment, will ensure that we continue to grow agriculture sustainably together. We are a proudly South African business and are proving that Africa can not only compete in technology innovation, but lead at the highest level,” James Paterson, Co-founder & CEO at Aerobotics, said.  Read also: Cameroonian Media Startup StarNews Mobile Raises Funds From Investisseurs &...

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