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GFA Weekend Feature – Funding Opportunities in Agritech: Spotlight on Twiga Foods ($30million)

Introduction As technology and digital platforms continue their strong growth across African businesses, GetFundedAfrica reflects on how potential and existing business owners should bring a larger focus on the enabling requirements to attract funding, and position themselves for 2020 and beyond. The statistics of Africa’s bludgeoning population are all over information media and staring at people during everyday life on the continent. “The Food and Agriculture Organisation (FAO) predicts the size of the agriculture market in Sub-Saharan Africa will grow from US$200 billion in 2015 to US$1 trillion by 2030. This expected five-fold market growth presents very attractive investment return opportunities, especially for investors willing to...

New $100m Nuwa Capital fund to target East African startups

Former Wamda Capital managing partner Khaled Talhouni has launched Nuwa Capital, a new fund to invest in tech startups in the Middle East North Africa (MENA) region, as well as in East Africa, Pakistan and Turkey. The fund was launched on Monday (10 February) at the Step Conference in Dubai by its managing partner, Talhouni. While Talhouni did not reveal how much the fund had raised, tech publication Menabytes said in an that the fund is targeting a first closing of $100-million. The publication said Nuwa Capital’s team is already in talks with various startups and expects to close a few investments in the coming weeks. Read more from source article:...

GFA Daily Digest Fri, Mar. 6, 2020

East Africa New $100m Nuwa Capital fund to target East African startups North Africa Algerian mobility startup temtem launches carpooling in North Africa with KAROS deal Southern Africa Namibian Startups To Get Business Angel Investor Network Early March West Africa CTA awards digital solutions at SARA in Abidjan 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/ ...

Namibian Startups To Get Business Angel Investor Network Early March

Startups in Namibia will soon have a new Business Angel Investor Network to select investors from. In early March, early-stage investors will come together in Windhoek, Namibia  ’s capital to celebrate the launch of the Namibian Business Angel Investor Network (NABAN). The basic concept of angel networks is to bring together high net worth individuals in different markets and have them pool funds and expertise to make investments in early-stage companies.  Read more from source article: https://afrikanheroes.com/2020/02/22/namibian-startups-to-get-business-angel-investor-network-early-march/ ...

CTA awards digital solutions at SARA in Abidjan

The Salon International de l’Agriculture et des Ressources Animales (SARA) – the international exhibition of agriculture and animal resources – is one of the biggest agricultural events in West Africa. The competition was open to young entrepreneurs aged between 21 and 40 years old. Nineteen start-ups were selected to take part in the final stage of the competition. All participants in the competition will be put forward for the Challenge of 1,000 which will be held at the 2020 Africa-France Summit in Bordeaux, France, on 4-6 June 2020. Read more from source article: https://www.cta.int/en/blog/all/article/cta-awards-digital-solutions-at-sara-in-abidjan-sid0341dfaf8-dcd4-4a19-b1a7-1a07022e7d72 Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/...

Algerian mobility startup temtem launches carpooling in North Africa with KAROS deal

Algerian mobility startup temtem is bringing car-pooling to the North Africa region via a partnership with French company Karos. Founded in 2017 by Kamel Haddar and backed to the tune of US$4 million in VC funding last year, temtem assists its 500,000 customers with its ride-sharing service. It is now rolling out a car-pooling service in partnership with Karos, the French leader in home-to-work car-pooling. The company is expanding internationally for the first time by teaming up with temtem. Read more from source article: https://disrupt-africa.com/2020/03/algerian-mobility-startup-temtem-launches-carpooling-in-north-africa-with-karos-deal/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

Japan’s Project NINJA Aims To Support 50 Pre-Seed/Seed-Stage Startups In Ethiopia & Others

The Japan International Cooperation Agency (JICA), the agency that coordinates official development assistance for the Japanese government in developing countries, has announced the launch of a project aimed at strengthening startup ecosystems in emerging markets. NINJA, as the project is called, is short for Next Innovation with Japan. It is a startup support project that will be developed and implemented in about 5 pilot countries, including Ethiopia. Project NINJA will be focused on propping up innovative startups through business competition and incubation/acceleration programs in the targeted countries, as well as business matching support and policy advocation. Read more from source article: https://weetracker.com/2020/03/03/japan-launches-project-ninja-for-startups/ Click here to subscribe for...

Egypt’s Garment IO lands $450k seed investment for clothing factory smart device

Egyptian startup Garment IO has landed $450 000 in seed funding from Egypt Ventures and 500 Startups via its 500 Falcons fund. The startup, which was founded in 2017 by Mahmoud Saba and Ahmed Nounou (pictured above, left to right, respectively), offers a “plug and play” garment manufacturing management solution. Read more from source article: https://ventureburn.com/2020/02/egyptian-startup-garment-io-450k/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

Cote D’Ivoire startup Afrikrea lands €1m investment

Ivorian tech startup Afrikrea has secured €1-million in investment from its existing investor Saviu, a French venture builder and venture capital (VC) fund, as well as French angel fund Id4 Ventures. This, according to an article last week by Jeune Afrique, a French-language pan-African publication. Afrikrea claims to be the leading “Made of Africa” fashion, art and handicraft online marketplace. The marketplace has processed more than $4-million in sales across 101 countries and supports merchants from all over the world. Read more from source article: https://ventureburn.com/2020/02/afrikrea-ivory-coast-e1m-investment/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

African Fintech Startup JUMO Closes Biggest Round Of 2020 So Far With Fresh $55Million

South African-born fintech startup, JUMO, has secured USD 55 Mn in its latest funding round. More than one year after causing quakes with a USD 52 Mn funding round and then following that up with an additional USD 12.5 Mn just three months later, JUMO has announced the closure of another massive funding round. This time, the startup has bagged a fresh USD 55 Mn which it says is for expansion into new markets and to launch new products in Africa and Asia.  Read more from source article: https://weetracker.com/2020/02/26/jumo-raises-usd-55-mn/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...