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GFA Daily Digest Thur, Feb. 27, 2020

East Africa Ethiopian-based edtech startup, Gebeya, closes $2 million seed funding to scale up services North Africa Egyptian last-mile delivery startup Bosta raises seven-figure Series A from European parcel delivery giant DPD group Southern Africa Namibia to get funds to boost solar power from CDC West Africa Ecobank Group announces 2020 edition of fintech challenge - Togo Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

Ecobank Group announces 2020 edition of fintech challenge – Togo

Ecobank Group, the pan-African banking group, is inviting African fintech entrepreneurs to enter the 3rd edition of  the Ecobank Fintech Challenge. The Fintech Challenge  gives African start-ups the opportunity to promote their fintech solutions, and potentially  partner with Ecobank to roll-out  their solutions across Ecobank’s 33 markets in Africa as well as France. All Finalists will be inducted as Ecobank Fintech Fellows, participate in a business boot camp followed by an Awards and Innovation Fair at the headquarters of the Ecobank Goup in Lomé, Togo in June 2020. https://ecobankfintech.com/ Read more from source article: https://www.africanews.com/2020/02/20/ecobank-group-announces-2020-edition-of-fintech-challenge// Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

Namibia to get CDC funds to boost solar power

Namibia is set to receive a capital investment, which is part of a 10 million U.S. dollars fund to help the country boost its solar power, an official said on Friday. The funding by the CDC group, a United Kingdom government-owned financial institution, will be available to both Namibia and South Africa. Read more from source article: https://www.newsghana.com.gh/namibia-to-get-funds-to-boost-solar-power/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

Egyptian last-mile delivery startup Bosta raises seven-figure Series A

Cairo-based last-mile delivery startup Bosta has raised seven-figure (USD) Series A from the European parcel delivery giant DPDgorup, it announced in a statement to MENAbytes today, without disclosing the exact size of the investment. Egyptian payments company Fawry that went public last year and had invested in Bosta in late 2017 also participated in the round. Read more from source article: https://www.menabytes.com/bosta-series-a/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

Ethiopian-based edtech startup, Gebeya, closes $2 million seed funding to scale up services

Gebeya, an edtech and online software outsourcing marketplace company, announced today that it closed a $2 million seed round investment. This round was co-led by Partech Africa and Orange Digital Ventures, with Consonance Investment Managers also taking part. Read more from source article: https://techpoint.africa/2020/02/06/gebeya-raises-2m/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

GFA Daily Digest Wed, Feb. 26, 2020

East Africa Kenyan AgriTech Startups Secure $856,000 in Funding North Africa Algerian Ride-hailing Startup TemTem Secures US$4M in Series A Round Southern Africa Mauritius-based transport startup Vite raises pre-seed funding round West Africa Farmcrowdy Officially Acquires Livestock Processor, Best FoodsKudiGo, Ghanaian Fintech Startup Expands Business to Nigeria Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

Mauritius-based transport startup Vite raises pre-seed funding round

Mauritius-based mobility startup Vite has raised a pre-seed funding round from Oui Capital to launch full operations after a highly successful beta testing period. Vite is the first app-based mobility company in Mauritius, which has just concluded a beta testing period that saw more than 6,500 app downloads and 500 completed trips. Read more from source article: https://disrupt-africa.com/2020/01/mauritius-based-transport-startup-vite-raises-pre-seed-funding-round/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

KudiGo, Ghanaian Fintech Startup Expands Business to Nigeria

KudiGo, a Ghanaian owned fintech startup has expanded its services to Nigeria. The expansion was a part of its move to launch into new markets, both in the West and East Africa. Founded in 2018, KudiGo derived its name from a Hausa language meaning Money and Go. And as the name implies, the startup offers a mobile-first business suite that integrates retail, accounting, and payment processing into a single app dubbed KudiGo Storefront. Since inception in 2018, the startup has grown its user base to over 4000 and processed about $2.4 million transactions. Read more from source article: https://www.techgistafrica.com/news/kudigo-ghanaian-fintech-startup-expands-business-to-nigeria/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

Farmcrowdy Officially Acquires Livestock Processor, Best Foods

Farmcrowdy, a Nigerian agritech startup has officially entered into the Nigerian meat market after the acquisition of Best Foods L&P Limited for an undisclosed amount. Best Foods is one of Nigeria’s largest meat processors. The deal which comes after several months of partnership between the companies will see Farmcrowdy possess majority stake in Best Foods. This includes its assets, clients and supply chain across the country. Read more from source article: https://technext.ng/2020/02/06/farmcrowdy-officially-enters-into-the-nigerian-meat-market-with-the-acquisition-of-livestock-processor-best-foods/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

Algerian Ride-hailing Startup TemTem Secures US$4M in Series A Round

TemTem, a ride-hailing Startup based in Algeria has raised US$4 million in a Series A round. The investment which is said to be the largest Series A round in the country was led by Tell Venture Automotive and other undisclosed investors. “Today, TemTem has all cards in hand to become the market leader in the Algerian mobility sector. This new fundraising round confirms TemTem’s competitive position, the relevance of its strategy, and investor confidence in its strong growth potential. With this new capital, TemTem, will launch two new innovative services centred around improving the daily lives of Algerians,” the startup said in a statement to MENAbytes. Read more...