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The African Union Launches Youth Innovation Challenge on Democracy & Governance

The African Union (AU) has launched the “Democracy and Governance in Africa- Youth Innovation Challenge”, to identify, capacitate and recognize youth working on digital or non-digital innovations in Africa. The African Union says it’s looking for structural ideas that can prevent conflict through addressing issues of democracy deficit, lack of good governance and work to promote human rights practices. The innovation challenge targets youth innovators, innovation hubs and incubation centres across the continent led by the youth. The challenge seeks ideas or innovations that have been implemented and/or tested with a level of success and impact, and open for prospects of improvement, replication or scale up at national, regional or...

Ghana Board Celebrate $200M Disbursement Of Loan To Boost Cocoa Productivity

Ghana Cocoa Board (COCOBOD) and lenders have welcomed the first disbursement of $200 million of a syndicated loan facility to boost cocoa productivity in the world’s second-largest producer. The occasion was marked by a ceremony held in Accra, Ghana on Tuesday 23 June, followed online by hundreds of observers across the globe. In attendance were COCOBOD and government representatives and participating lenders, which included development finance institutions: the African Development Bank (https://www.AfDB.org/), the Japan International Cooperation Agency (JICA), the Development Bank of Southern Africa and Cassa Depositi e Prestiti Spa. Commercial lenders were represented by Credit Suisse AG, and the Industrial and Commercial Bank of China, London...

One World Media Coronavirus Reporting Award 2020 for Journalists and Filmmakers

Deadline: July 30, 2020 Applications are open for the One World Media Coronavirus Reporting Award 2020. This award is launched in response to the exceptional work of journalists and filmmakers covering the impact of the COVID-19 pandemic in developing countries. COVID-19 is a global story like few others. We’re connected by a shared crisis that presents us all with new ways of living and seeing the world. One World Media wants to champion stories that show what is happening beyond our borders and spotlight international perspectives on the pandemic. They’re looking for stories that show us the potential solutions, the urgent needs and the surprising implications of COVID-19 around...

South Africa’s Mama Money Expands Global Reach With Western Union

Western Union and Mama Money, a rapidly growing international money transfer company, have joined forces to enable the customers of the South African fintech startup, to send money to their loved ones around the world via Western Union’s Global Network. This collaboration will gear Mama Money’s more than 500,000 customers in South Africa to send money from their smartphones for a payout into billions of bank accounts in over 100 countries around the world or in cash at Western Union Agent locations across more than 200 countries and territories. Customers can pay for transactions within the Mama Money app via direct transfers from their bank accounts or through a vast...

Fintech MFS Africa acquires digital payments provider Beyonic

Johannesburg-based fintech firm MFS Africa announced today that it has acquired Beyonic, a digital payments management provider of business services for SMEs, fintechs, and social impact entities across Africa. MFS Africa – which claims to be Africa’s largest digital payments hub – connects more than 200 million mobile wallets on the continent through one API. The company was founded in 2009 by CEO Dare Okoudjou Beyonic focusses on domestic payments and collections coupled with secure front-end business functionality. MFS Africa said in a statement today that the deal, which is subject to regulatory approval by the Fair Competition Commission in Tanzania, will provide the growing micro, small, and medium enterprise segment across Africa...

Zimbabwean tech enthusiast wins grant at international drone competition

Our loyal readers would have come across the name Tawanda Chihambakwe by now. The drone professional absolutely loves drones and has been behind a number of cool initiatives locally including a drone racing community a few years ago. Most recently Chihambakwe also wanted to help disinfect Harare’s CBD using drones but the City Council made sure that wouldn’t happen – but anyway that’s a story for another day… Right now we talk about how, Chihambakwe won a US$15 000 grant earlier this year in We Robotic’s Unusual Solutions competition. The challenge he participated in was to figure out how drones and data can be used ethically to solve local problems. Tawanda set out to...

GFA Weekly Round-Up [Podcast] June22-25

https://soundcloud.com/get-fundedafrica/gfa-round-up-june-25 The GetFundedAfrica team is proud to launch the very first episode of the GFA weekly round up segment. About The GFA Weekly Round up Nichole and Adebola (Founder) discuss the funding activity recorded on the GFA platform and deep dive into the blockchain industry in Africa. Follow us on soundcloud and sign up to out daily digest to get all the latest updates “GetFundedAfrica is a technology-based, business information platform operated by Afriscaper Research & Consulting Limited with a mission to reduce barriers to funding for African businesses. GFA matches investor ready, African & African-Diaspora owned companies with global investors, leveraging market research, industry data and...

Daily Digest Tuesday, 30 June 2020

Funding In East Africa Safaricom gets Sh1.5bn for police cameras deal The Treasury has paid Safaricom  Sh1.5 billion after the giant telco threatened to disconnect a security and surveillance system it built on behalf of the National Police Service, parliamentary records reveal Read more Funding In Africa Proparco Invests USD 30 Mn In AfricInvest’s Pan-African SME Fund Proparco—a subsidiary of Agence Française de Développement (AFD) focused on private sector development—has picked up a stake in AfricInvest’s pan-African fund dedicated to Small and Medium Enterprises (SMEs). Read more Funding In West Africa Nigerian micro-investment portal Trove nets new funding, from angel networks Nigerian micro-investment platform Trove has secured further funding, this time from three...

Web Events Happening In Africa

Go-to-market strategies for startups Join this virtual AWS Startup Garage webinar to hear from industry leaders who have successfully defined and acquired their target customers, deployed tactical launch plans, and adapted to challenging situations. Date: 30 June, 2pm Location: AWS Activate Product development and validation LaunchLab and Stellenbosch Network will host Anton Pretorius of Sologix as he talks on the business philosophy for growth, “Focus – Fuel – Fight”. Date: 1 July, 1pm to 2pmLocation: Quicket The Sun Exchange’s Abe Cambridge WorkInProgress (WIP), an Absa innovation lab, will be hosting a webinar series titled Wise-Up Wednesday Sessions, featuring the real-life successes and lockdown challenges of South African small and medium enterprises. First up, this week is Abe Cambridge,...

Nigerian micro-investment portal Trove nets new funding, from angel networks

Nigerian micro-investment platform Trove has secured further funding, this time from three local angel networks. Trove’s app enables users to invest in bonds and stocks in Nigeria and in the US. The startup was founded in 2018 by Oluwatomi Solanke, Opeyemi Olanipekun, Osita Akagu and Desayo Aisegiri. Trove secured its latest investment from Lagos Angel Network (LAN), SSE Angel Network (SSEAN), and Diaspora Angel Network (DAN), tech publication Disrupt Africa reported in an article earlier this month. Nigerian startup Trove’s app enables users to invest in bonds and stocks in Nigeria and in the US It comes after the startup announced in May last year that it had received an investment from Ventures Platform to scale its operations...