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African Development Bank donates $2M towards the fight against COVID-19 in Africa

The bank stated that the fund was a grant and that it was donated as a response to the WHO’s international appeal, and that it will be used by the WHO to help make member countries in Africa to quickly prevent, detect, manage, and contain cases on the continent. The development focused bank said that the fund was just one of the AfDB’s many interventions that they put in place to help member countries on the continent manage the pandemic. Read more from source article: https://techeconomy.ng/2020/04/african-development-bank-donates-2m-towards-the-fight-against-covid-19-in-africa/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

Renewvia Energy partners with DPI

US solar developer Renewvia Energy Corporation has teamed up with Singapore-based renewable energy investor Dream Projects Incubators (DPI) to develop solar micro-grids in Kenya and Nigeria. On 17 March, the two companies announced the formation of a special purpose entity to capitalise large portfolios of solar micro-grid projects in sub-Saharan Africa. The first ten projects have received capital support from the French Development Bank and the World Bank, according to the partners. Read more from source article: https://www.africa-energy.com/article/renewvia-energy-partners-dpi Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

Côte d’Ivoire: $57.3m in electrification contracts

CI-Energies on 20 March awarded seven contracts to electrify 350 locations in Côte d’Ivoire. The contracts are being financed by the French Development Agency. Morocco’s Fabrilec, part of MMK group, and Ivorian consultancy SNE were awarded the $4.67m Lot 1 contract to electrify 42 localities in Gbêkê region as well as the $8.03m Lot 3 contract to connect 37 locations in Iffou region, 14 in Mé, four in Abidjan and one in Sud-Comoé. Read more from source article: https://www.africa-energy.com/article/c%C3%B4te-d%E2%80%99ivoire-573m-electrification-contracts Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

Kenyan fintech Pezesha wins catapulter award at LHoFT

Kenyan fintech startup Pezesha earlier this month took house the Finest Catapulter Award on the conclusion of the Catapult: Inclusion Africa fintech bootcamp hosted by The Luxembourg Home of Monetary Know-how (LHoFT). Pezesha, a micro lending market, was based in 2016 by Hilda Moraa. Read more from source article: https://fintechzoom.com/fintech-news-fintech-news/kenyan-fintech-pezesha-wins-best-catapulter-award-at-lhoft/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

Egypt central bank plans $50mn to $100 mn fintech fund

Central Bank of Egypt (CBE) is set to establish ~$58 million fund (EGP 1 billion) to invest in FinTech startups of the country, CBE’s Sub Governor for Payment Systems and Information. “Egypt has the success factors that qualify it to pioneer in the financial technology industry, including the huge demand for financial services, strong banking sector, telecommunications companies, electronic payment companies, insurance companies, regulatory institutions, incubators, business accelerators, investors, and small and medium-sized enterprises (SMEs) financiers,” said the CBE executive. Read more from source article: https://www.menabytes.com/cbe-fintech-fund/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

Seedstars Summit 2020 to Happen Online on Same Dates (31 March to 3 April)

Given the growing concerns around the COVID-19 outbreak in Europe, the Seedstars Summit has been redesigned and brought fully online to ensure everyone’s safety. The Online Seedstars Summit 2020 will happen on the same dates (31 March to 3 April) and will be completely free and open to everyone! A free, international, online event about entrepreneurship in emerging markets. Follow the latest trends in impact innovation by joining live sessions happening already this April. Read more from source article: https://www.techcityng.com/seedstars-summit-2020-online-same-dates-31-march-to-3-april/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

Mohamed Okasha to launch $25 million fintech fund

In a conversation with MENAbytes, Mohamed who’s considered one of the key figures of the Egyptian fintech ecosystem has revealed that he is launching a $25 million fintech fund that Fawry has committed to anchor. He also said that he is launching the fund with a team of seasoned investment experts, without sharing further details. The fund will invest in Egyptian fintech startups across different stages. Read more from source article: https://www.menabytes.com/mohamed-oaksha-steps-down-fintech-fund/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

9 Innovative Startups From Uganda Worth Following

Asaak is a FinTech startup providing world-class financial services to farmers and small businesses through their mobile phones. Founded in 2016 by Kaivan K. Sattar and Titus Opesen, the startup provides mobile lending services to small businesses that need a capital injection to help them grow. In 2018, the startup raised US$1.5 million from Resolute Ventures, 500 Startups, Social Capital, Catalyst Fund and other four investors. Read more from source article: https://founder360mag.com/9-innovative-startups-from-uganda-worth-following/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

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