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GFA Daily Digest Mon, Mar. 16, 2020

East Africa Ethiopian reforms attract investor interest Africa EWB Canada launches $24m Africa-focused tech venture fund North Africa 3rd North Africa Renewable Energy Summit West Africa What’s fueling the rapid hotel growth in West Africa? Our previous weekend articles are here: 1) https://getfundedafrica.com/2020/03/14/gfa-weekend-feature-funding-fintech-in-africa/ and here: 2) https://getfundedafrica.com/2020/02/22/gfa-weekend-feature-how-to-raise-funds-for-an-african-hotel/ GetFundedAfrica curates funding news across Africa and emerging markets. Subscribe & check out our March 2020 preview and events here: https://getfundedafrica.com/2020/02/29/gfa-march-2020-preview/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

What’s fueling the rapid hotel growth in West Africa?

Today, Africa is seen as one of the most promising regions for hotel developers. Aside from small chains and independents, four global hotel groups dominate signings and openings on the continent. Over the last four rolling quarters, as of September 2019, Accor, Hilton, Marriott International and Radisson Hotel Group have opened 2,800 rooms and signed deals for 6,600 rooms. Across Africa, hotel development remains important in most advanced economies, such as Morocco and South Africa; and projects are multiplying in East Africa, especially in Ethiopia, Kenya, Tanzania and Uganda. In an interview, Philippe Doizelet, managing partner for hotels at Horwath HTL, a hospitality consultant, identified...

3rd North Africa Renewable Energy Summit

Organized by PEAK Events, NARES has successful gather more than 350 industry leaders and 40+ speakers over the last two years. North Africa, as the suitable location for Solar PV and CSP growing and the high potential for wind energy, has been attracting more and more renewables players. It is no doubt an indispensable and potential market that deserves your attention and exploration. The 3rd North Africa Renewable Energy Summit will take place in Casablanca, Morocco during June 4-5, 2020. Focusing on Morocco, Tunisia, Algeria & Egypt, NARES 2020 will update you the latest policy, news and projects in this region, helping you to network with key Developers, EPCs, Financers, Suppliers, etc. Read more from...

EWB Canada launches $24m Africa-focused tech venture fund

Non-profit Engineers Without Borders (EWB) Canada has announced the launch of Hummingbird Impact, a US$24 million fund that will back the most promising and impactful tech ventures across Africa.  A registered charity that invests in people and ideas to tackle the most crucial causes of poverty and inequality, EWB Canada said Hummingbird Impact would provide early institutional capital and portfolio support to for-profit and impact-driven African tech ventures.  Read more from source article: https://disrupt-africa.com/2020/03/ewb-canada-launches-24m-africa-focused-tech-venture-fund/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

Ethiopian reforms attract investor interest

Since Ethiopian Prime Minister Abiy Ahmed took power in April 2018, his government has sent an unambiguous message: It needs more private sector investment to drive growth and create jobs. The government’s growth strategy calls for structural reforms designed to strengthen the private sector, boost competition, and increase investment – an approach that is accelerating the end of Ethiopia’s long reliance on state-led economic development. The government plans to privatise the state-owned telecommunications company, Ethio Telecom, offering up to 49% ownership to outside investors. The government also plans to offer two new licences that will allow new players, including foreign investors, to enter the market. Read...

GFA Daily Digest Thur, Mar. 12, 2020

East Africa AHUB East Fintech Event North Africa Egyptian fintech Khazna lands seed investment Southern Africa Newtown Partners & Imperial Logistics Launch $20m Vc Fund For Logistics Startups Africa Africa Singapore Business Forum 2020 Our previous weekend articles are here: 1) https://getfundedafrica.com/2020/02/28/30403/ and here: 2) https://getfundedafrica.com/2020/02/22/gfa-weekend-feature-how-to-raise-funds-for-an-african-hotel/ GetFundedAfrica curates funding news across Africa and emerging markets. Subscribe & check out our March 2020 preview and events here: https://getfundedafrica.com/2020/02/29/gfa-march-2020-preview/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

AfDB Directors Visit Cameroon With $3bn Project Portfolio

A delegation of African Development Bank Executive Directors, have concluded a week-long fact-finding mission to Cameroon to investigate where investment is most needed. During their visit, they met with the country’s Prime Minister and other senior officials. The mission began on 2 March 2020 in the capital, Yaoundé where the Executive Directors held consultations with stakeholders, including private sector operators and development partners. They also toured Bank-financed projects. Read more from source article: https://www.nigeriaelectricityhub.com/2020/03/11/afdb-directors-visit-cameroon-with-3bn-project-portfolio/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

African fintech startups to benefit from $203m Accion Quona Inclusion Fund

Quona Capital, a venture firm focused on financial inclusion in emerging markets, has announced the final close of the Accion Quona Inclusion Fund at US$203 million in commitments from an array of leading investors. Quona Capital, which has supported more than 20 financial technology companies expanding access for underserved consumers and small businesses in Latin America, South and Southeast Asia, and Sub-Saharan Africa, has a strategic relationship with Accion,a global non-profit focused on microfinance and fintech impact investing.  Together, the two organisations have launched the Accion Quona Inclusion Fund, which has just closed at US$203 million, significantly exceeding its $150 million target. Investors include global asset managers and insurance companies, investment and commercial banks, as well...

Homzmart furniture marketplace founded raises $1.3 million seed funding

Cairo-based furniture marketplace Homzmart has raised $1.3 million in a seed round, the startup told MENAbytes today. The investment which according to our data is one of the largest seed round raised by an Egyptian startup came from China’s MSA Capital, Oman Technology Fund (OTF), and Choueiri Group’s investment arm Equitrust. 500 Startups and some other strategic investors also joined the round. Founded late last year by Mahmoud Ibrahim and Ibrahim Mohamed, Homzmart is an ecommerce marketplace that connects furniture manufacturers and vendors with customers, selling furniture online. The platform showcases different designs to help customers personalize their ideas and vision for their home, and bring it to reality, a feature the founders see as an important part...

[APPLY] Facebook tables $3million for community leaders across SSA under Community Accelerator programme

In line with its mission to give people the power to build community around the world and its commitment to supporting the community leaders who drive change, Facebook is announcing the launch of the Community Accelerator programme which will be available in the following countries across SSA: South Africa, Kenya and Nigeria.  An evolution of the Facebook Community Leadership Programme (FCLP), this six-month accelerator programme provides training, mentorship and funding to help community leaders grow their communities. Up to $3 million in total will be awarded to 80 programme participants worldwide. Read more from source article: https://techeconomy.ng/2020/03/apply-facebook-tables-3million-for-community-leaders-across-ssa-under-community-accelerator-programme/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...