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GFA Attract Interview With Mostafa Khaled Abdel Akher (Entrepreneur Edition)

In this episode of GFA Attract (Entrepreneur edition) we interviewed, Mr. Mostafa who graduated from the German University in Cairo in 2013, where he received a B.A degree in Management Technology with double core majors in Economics and Innovation. Mostafa now works with Makwa. An Egyptian startup focused on innovation, Makwa aims to offer convenience in the dry clean & laundry sector, through the application of digital technology. Click Here to read Mostafa Khaled Abdel Akher's Bio In this episode you will learn about: How Makwa works How Makwa determined its business model What significantly made the company stand out to investors, and gain their confidence...

Profile: Mostafa Khaled Abdel Akher

Personal Bio  I graduated from the German University in Cairo in 2013, where I received a BA degree in Management Technology with double core majors in Economics and Innovation. After completing my military service in 2014, I started working as a junior project manager for an Egyptian NGO called Resalet Nour Ala Nour while simultaneously working as a project manager for the Egyptian Social Fund for Development for a period of one year. After spending 4 years at RNAN and reaching the position of head of development projects in a span of 2 years, I decided to join ALEXBANK as a CSR and Sustainable Development officer before switching...

Daily Digest Friday, 11 December 2020

Funding In Western Africa Cameroonian Media Startup StarNews Mobile Raises Funds From Investisseurs & Partenaires The startup has announced investments from Africa-focused investor Investisseurs & Partenaires ( I & P) as well as from the California-based international accelerator Expert DOJO. The investment will enable the startup to build local teams in Abidjan, Douala, Johannesburg and Lagos. Read more Latest News A New $4 Million Fund Launched For Off-grid Companies In Kenya By AECF Africa Enterprise Challenge Fund (AECF) has launched a $4 million financing programme aimed at unlocking new markets for clean energy as well as accelerating access to clean energy for 87,000 unserved and underserved households in Kenya. Read...

Nairobi-Based Startup OkHi Launches In Nigeria

A smart addressing startup, based in Nairobi OkHi, has partnered with Africa’s largest banking platform,  Interswitch to launch in Africa’s largest market, Nigeria.  The partnership aims to assist OkHi’s objective which is to provide 195-million Nigerians with access to a physical address. This will in turn lead to accelerating the eCommerce sector and ensuring financial inclusion. The launch in Nigeria will reportedly save the economy $2-billion a year and accelerate innovation across the economy. Read also: Egyptian Fintech Startup Zeal Rewards Secures Six-Figure Seed Funding OkHi is a smart addressing startup. Smart addressing systems allow people to attach a phone number, email address, and their account details to make convenient payments without...

A New $4 Million Fund Launched For Off-grid Companies In Kenya By AECF

Off-grid energy startups in Kenya have a new fund to pitch. Africa Enterprise Challenge Fund (AECF) has launched a $4 million financing programme aimed at unlocking new markets for clean energy as well as accelerating access to clean energy for 87,000 unserved and underserved households in Kenya. “Off-grid energy sector continues to require investment if we are to make notable progress in improving access to affordable and clean energy. We are excited to be launching the REACT RBF programme through which we seek to provide results-based incentives for companies that are increasing access for unserved and underserved communities,” said Victoria Sabula, chief executive officer of AECF.  Read...

Cameroonian Media Startup StarNews Mobile Raises Funds From Investisseurs & Partenaires

Media startups in Africa are increasingly getting the attention of VCs too! Following recent investments in Space In Africa, Stears, and Wee Media, investors have again gone for StarNews Mobile, the Cameroon-headquartered pan-African mobile content platform. The startup has announced investments from Africa-focused investor Investisseurs & Partenaires ( I & P) as well as from the California-based international accelerator Expert DOJO. The investment will enable the startup to build local teams in Abidjan, Douala, Johannesburg and Lagos. Read also: Five Tips For SMMEs To Overcome The Pandemic “Despite the generalization of smartphones and increasing access on the mobile internet, value-added service offers are not very ‘Africanized’ and even when...

Daily Digest Thursday, 10 December 2020

Latest News MFS Africa Partners With Xoom To Offer Mobile Money Transfers In Africa MFS Africa will connect Xoom to its digital payments hub, the largest in Africa, allowing the company’s customers in the UK, Europe and North America to send money to people in Cameroon, Ghana, Rwanda, Uganda, Zambia, and Zimbabwe – with plans to include more countries on the continent in 2021. Read more Facebook Launches Africa’s First Online Community City Guide Facebook says that since early this year, it has added more than 1.5 million people to a group related to the city of Johannesburg. The guide compiles “the best tips and recommendations to some of...

Facebook Launches Africa’s First Online Community City Guide

South Africans especially dwellers and visitors to Johannesburg will be availed of the JoziPlug – Facebook’s first Community City Guide on the African continent. The initiative which was compiled and co-created by local Facebook Groups features unique and inspiring content about the city and is expected to add to the country’s tourism industry. Moreso, JoziPlug is aimed at showcasing Johannesburg’s “hidden attractions to visitors and members of the local community whilst supporting small businesses with their economic recovery” in the wake of the COVID-19 pandemic. Facebook says that since early this year, it has added more than 1.5 million people to a group related to the city of Johannesburg. The guide compiles “the...

MFS Africa Partners With Xoom To Offer Mobile Money Transfers In Africa

AFRICA – MFS Africa, a pan-African fintech platform, has partnered with Xoom, a PayPal service, to offer secure and convenient mobile money transfers to seven countries across Africa. MFS Africa will connect Xoom to its digital payments hub, the largest in Africa, allowing the company’s customers in the UK, Europe and North America to send money to people in Cameroon, Ghana, Rwanda, Uganda, Zambia, and Zimbabwe – with plans to include more countries on the continent in 2021. Xoom already provides money transfers to bank accounts and cash pick-up locations in 160 markets around the world. The partnership will allow Xoom to continue to expand its presence in...

Daily Digest Wednesday, 9 December 2020

Funding In Northern Africa Egypt’s Dsquares Secures New Funding For Expansion Outside Egypt As the most known and strongest Venture Capital in Egypt, they represent the institutional money that comes into a startup. The reason why they focus on Egypt is that most of their experience is in Egypt. However, they do invest in some parts of the Middle East such as UAE and Jordan. Read more Latest News 54Gene Launches Africa’s First Private Lab for Human Genome Sequencing Abasi Ene-Obong, the startup’s CEO, said the lab is powered by Novaseq 6000, a best-in-class sequencing technology solution produced by American biotech company Illumina. Read more Opinion Corner Startups: Go Local First, Or...

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