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Zimbabwe secures $250mln Afreximbank loan

Zimbabwe will borrow $250 million from the African export-import bank -Afreximbank- over three years to meet the State’s urgent needs. According to Bloomberg, which cited sources familiar with the matter, $150 million will be used to buy fuel while the rest of the money will serve for other essential services. This transaction is a boost for an economy that has not only been in recession for decades but is also suffering from the shocks of the coronavirus. The deal has not yet been officially released. As a reminder, the country is facing a scarcity in fuel, food, and foreign currencies to cover import, and the prices of commodities have...

Daily Digest, Thursday 2 July 2020

Daily Digest, Thursday 2 July 2020 Funding In Africa 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. Read more...

Daily Digest, Wednesday 1 July 2020

GFA Weekly Round-Up [Podcast] June22-25 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. Listen To The Podcast Here Funding In West Africa 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. Read more Funding In Southern Africa South Africa’s Mama Money Expands...

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...

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