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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...

Shift Fund reopens applications for funding

 Enygma Ventures’ subfund Shift, has opened for the second round of funding for entrepreneurs and innovators in Africa who either have existing businesses or new business ideas. Successful graduates will then receive a $25 000 pre-seed equity investment. The Shift Fund launched in April this year and has been founded through a partnership between Enygma Ventures and Startup Circles. The new fund was founded in a response to the impact of the current Covid-19 pandemic and focuses on entrepreneurs and innovators in Southern Africa who are passionate about creating new solutions that address challenges facing Africa both during and after the pandemic.   Jacob Dusek, Enygma Ventures Cofounder explains why they have decided...

UGANDA: AfDB grants US$ 6.5 million for Kayunga Water Supply Project

The Ugandan government has recently obtained a loan of 6.5 million dollars (24 billion Ugandan shillings) from the African Development Bank (AfDB). The funds will enable the Ugandan engineering company Vambeco to construct a drinking water pipeline and other facilities in Busaana sub-county, Kayunga district in Uganda. 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 (24 billion Ugandan shillings) to implement the second phase of the project launched in 2018. It concerns the construction of a drinking water pipeline in Busaana locality, Kayunga district in...

Daily Digest Wednesday, 5 August 2020

Founders Factory Africa launches Hatch community for entrepreneurs Founders Factory Africa has launched Hatch, a network of African entrepreneurs, technologists and visionaries committed to transforming the startup ecosystem across the continent. Read more Funding In Southern Africa Microsoft SA invests R40-million in SA agriculture sector Microsoft South Africa has announced an investment of up to R40-million in South Africa’s agriculture sector, which is one of the country’s critical industries driving growth and job creation. Read more Funding In West Africa Nigerian transport startup Plentywaka raises $300k to launch in Abuja  Plentywaka, the transport startup, has raised a $300,000 pre-seed investment led by EMFATO, Microtraction, and Niche Capital. The innovative startup will use the investment to...

Founders Factory Africa launches Hatch community for entrepreneurs

Founders Factory Africa has launched Hatch, a network of African entrepreneurs, technologists and visionaries committed to transforming the startup ecosystem across the continent. Founders Factory, which originally launched in London in 2015 and has already built 70 startups, launched African operations in Johannesburg in 2018, from where it has already invested in a host of companies, most recently in March. The venture development company is committed to helping to ensure that African founders are provided with the support and expertise needed to scale their startups in the current competitive landscape, and with that in mind has launched the Hatch community. Hatch members will receive access to a host of exclusive...

Ghanaian tech-based management consultancy Africa Foresight Group raises $700k funding

The Ghana-based Africa Foresight Group (AFG), which has developed a platform offering access to the largest network of freelance management consultants on the continent, has raised a seed funding round worth over US$700,000. Founded in 2016, AFG allows leading companies, investment funds and development partners to hire teams to make the right strategic decisions and achieve sustainable success, utilising an online platform and machine learning to build an entirely new model for consulting in Africa. The startup’s proprietary technology platform matches teams with open project opportunities, manages performance data, and supports the invoicing and payments process, amongst others. AFG has more than 100 consultants – “foresighters” – in its...

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