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Daily Digest Tuesday, 16 June 2020

guessingly Funding In West Africa Ghanaian govt approves $9mln to support nearly 5,000 startups Nearly 5,000 tech startups in Ghana will receive between 5,000 and 50,000 cedis from the government to develop their activities. The financing, which bears an interest rate of 10%, is part of the third phase of the government program to support about 26,000 businesses in the country. Read More ABC Fund to finance the expansion of agribusiness Dragon Farming in Ghana Agri-Business Capital Fund (ABC Fund), a fund that targets companies in the agro-industrial value chain in developing countries, will support the expansion of soybean processing company Dragon Farming Limited in Ghana. Read more Funding In North...

Cartier Women’s Initiative Regional Award 2021 for Women Entrepreneurs (Up to US$ 100,000 grant and more)

Deadline: July 31, 2020 The call for applications for the 2021 edition of the Cartier Women’s Initiative Regional Award is now open! The Cartier Women’s Initiative is looking for women-run and women-owned impact-driven businesses from across the world. If you are – or someone you know is – a female founder doing outstanding work tackling their planet’s most pressing problems, they want to hear from you! About The Cartier Women’s Initiative is an annual international entrepreneurship program that aims to drive change by empowering women impact entrepreneurs. Founded in 2006, the program is open to women-run and women-owned businesses from any country and sector that aim to have a strong and...

Top African Startup Web Events

All about cryptocurrency Throughout the month of June, Bitcoin peer-to-peer marketplace, Paxful, will be hosting a series of free, virtual sessions to teach viewers more about the cryptocurrency sector. This week’s sessions are Back to basics (16 June) and Bitcoin and Paxful 101 (18 June). Date: 16 June and 18 June, both 5pm Location: YouTube Build your online platform In this OnlineX Gathering webinar, Josh Jaffe, creative director at Brand Infusion, and Dylan Berger, project manager and copywriter at Brand Infusion look at how you can build your own website. If you are one of the first 300 people to register, you will receive a free Chat Marshall voucher valued at R2000. Download GetFundedAfrica's e-Guide...

ABC Fund to finance the expansion of agribusiness Dragon Farming in Ghana

Agri-Business Capital Fund (ABC Fund), a fund that targets companies in the agro-industrial value chain in developing countries, will support the expansion of soybean processing company Dragon Farming Limited in Ghana. ABC will provide €800,000 and technical assistance to the company, which markets finished soybean processing products to companies involved in animal care and nutrition. Download GetFundedAfrica's e-Guide to fundraising for start-up's Here While animal feed production on the continent grew by 5% in 2019, Dragon Farming expects this upward trend to continue over the next few years. The Ghanaian agribusiness company, which wants to strengthen its position in this sector, plans to increase its production level, reduce...

Egyptian on-demand medicine delivery platform Chefaa nets pre-Series A investment

Egyptian on-demand medicine delivery platform Chefaa has raised a pre-Series A investment round from US venture capital fund and accelerator 500 Startups, Saudi Arabian fund Vision Ventures, Womena and a number of other investors. The startup was founded 2017 by Dr Rasha Rady and Doaa Aref The platform allows patients to order prescriptions and other products from pharmacies. The deal was announced by tech publication Menabytes in an article yesterday. The startup did not disclose the exact size of the investment, other than to say that it was a seven-figure dollar investment. Download GetFundedAfrica's e-Guide to fundraising for start-up's Here On-demand medicine delivery platformChefaa was founded in 2017 by Dr Rasha Rady and Doaa...

Ghanaian govt approves $9mln to support nearly 5,000 startups

Nearly 5,000 tech startups in Ghana will receive between 5,000 and 50,000 cedis from the government to develop their activities. The financing, which bears an interest rate of 10%, is part of the third phase of the government program to support about 26,000 businesses in the country. The government approves a total of 50 million cedis (about $8.6 million) for this phase and the businesses qualified for this program will also benefit from technical assistance in the form of advice, mentoring, and coaching. Download GetFundedAfrica's e-Guide to fundraising for start-up's Here Since its launch in 2017 by the Ghanaian President, Nana Akufo Addo, the presidential business support program has...

Daily Digest Monday, 15 June 2020

Funding In Africa Nigerian health startup Mobihealth, four others win Sanofi AfricaTech challenge 2020 Sanofi, a biopharmaceutical company, has announced five winners in the finals of AfricaTech Healthcare Challenges 2020. Read more The 100MEs by 2021” Programme for Africa’s MSME’s Launched Efforts to pool African resources, capabilities, financing, market access and technology, to help achieve a continental response to MSMEs has been launched with the collaboration of AUDA-NEPAD (the African Union Development Agency) and Ecobank Group as both agreed to commit resources to Africa’s Micro Small and Medium Enterprises (MSMEs). Read more Funding In Southern Africa South African Startup LifeCheq Raises Funding From VC Firm Futuregrowth South Africa’s Futuregrowth Asset...

The 100MEs by 2021” Programme for Africa’s MSME’s Launched

Efforts to pool African resources, capabilities, financing, market access and technology, to help achieve a continental response to MSMEs has been launched with the collaboration of AUDA-NEPAD (the African Union Development Agency) and Ecobank Group as both agreed to commit resources to Africa’s Micro Small and Medium Enterprises (MSMEs). The second virtual workshop facilitated by McKinsey over the weekend provided an opportunity to reaffirm the importance of sustaining market access and strengthening capabilities for MSMEs. During the session, high level representatives from the African Union Commission, regional development banks, development financial institutions, international organisations and commercial banks from the continent, agreed to put in place...

South African Startup LifeCheq Raises Funding From VC Firm Futuregrowth

South Africa’s Futuregrowth Asset Management through the Futuregrowth Development Equity Fund (DEF) has invested in LifeCheq, a digitised holistic personal finance business that aims to make expert advice accessible to professionals and entrepreneurs who are currently not served well by the existing financial advice industry. The business has two target markets, mainly individuals for their personal use; and employers, who are interested in offering their employees a financial wellness programme. These potential markets give it diverse sources of revenue and expand the reach of the business across a variety of individuals and company employee bases, says the company. Download GetFundedAfrica's e-Guide to fundraising for start-up's Here Futuregrowth notes that LifeCheq’s competitive edge...

Kenyan Solar Startup d.light Secures $65 Million Debt Funding From Solar Frontier Capital

Solar Frontier Capital Limited and solar energy startup d.light, a leading global innovator of solar energy products, have jointly announced the establishment of a KSh6.5 billion ($65 million)financing vehicle to be known as Brighter Life Kenya 1 (BLKI) Limited. The off-balance sheet financing vehicle is dedicated to acquiring pay-as-you-go solar home system accounts receivables from d.light’s Kenyan subsidiary to provide the company with flexible, working capital to finance its continued growth.BLK1 is expected to finance the provision of improved energy access to 1.2 million people in Kenya, coming on the heels of d.light celebrating its 100 millionth customer. Download GetFundedAfrica's e-Guide to fundraising for start-up's Here Part of BLK1...

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