Lorem ipsum proin gravida nibh vel velit auctor aliquetenean idelit sollicitudin, lorem quis bibendum auci elit consequat ipsutis sem.
1-677-124-44227

info@yourbusiness.com

184 Main Collins Street | West victoria 8007

Follow us On Instagram

Lorem ipsum proin gravida nibh vel velit auctor alique tenean sollicitudin, lorem quis.
Top

News

NextProtein closes $11.2m Series A to scale up insect production in Tunisia

NextProtein, a French-Tunisian startup working on new ways to produce insect-based animal feed and fertilizer, has raised €10.2 million ($11.2 million) in Series A funding, the company disclosed . According to AgFunder data, this is the largest early-stage agrifoodtech deal in Tunisia yet. Leading the round were a group of investors drawn together by Blue Oceans Partners, including Telos Impact and RAISE Impact. Further support came from Mirova and Althelia Sustainable Ocean Fund, along with Japan’s Kepple Africa Ventures and Aucfan Incubate Inc (since its founding in 2015, nextProtein has also secured funds from investors including Kima Ventures and angels Khaled Helioui and Cyril Grislain.) Using EU-approved organic waste to raise black soldier fly larvae for animal feedstocks, nextProtein will first target...

New Report Ranks South Africa, Kenya and Rwanda As Africa ’s Top Startup Ecosystems

Although much of Africa ’s fundraising has gone to Nigeria in the past two years, a new report by the India-based global startup data firm, StartupBlink, code-named StartupBlink Ecosystem Rankings Report has ranked South Africa, Kenya and Rwanda as the continent’s top startup ecosystems.  According to the report, globally the US has maintained a substantial ranking gap from all other countries, the big four also includes the UK, Israel, and Canada. The only change that differs from 2019 in the Big 4 is between Israel (3rd) and Canada (4th).According to the report also, the highest placed country new to the top 100 is Taiwan, ranking 30th; an impressive...

Nestlé enters Asian plant-based protein market with $103m China investment

Asia’s plant-based protein space seems to be growing more competitive by the day, with a multitude of startups, investors, and major food corporates announcing plays in the region. Another giant has just thrown its hat in. Nestlé has unveiled plans to build a factory to produce plant-based meat alternatives in Tianjin, China. It’ll be the Swiss food conglomerate’s first such facility in Asia. The announcement is part of a wider CHF 100 million ($103 million) investment that Nestlé is making in the country, which also includes an upgrade to its existing pet food production facility in Tianjin as well as the introduction of new pet food product lines. Read Other:...

African AgTech: Five Takeaways

Africa is home to roughly 17% of the world’s population and is the second most populace continent on earth; the UN estimates that Africa’s share of the world population may grow to as much as 25% by 2050. According to an article on the BBC by Richard Washington, a professor of climate science at the School of Geography and the Environment at Oxford University, Africa is also the continent most vulnerable to the dangers of climate change. But danger also brings opportunity, and my impression is that there is a great deal of opportunity for entrepreneurs and investors in Africa. While some of my take-aways are Africa-specific, I found...

Daily Digest Thursday, 28 May 2020

Funding In East Africa British AgDevCo invests in grain storage bag manufacturing in Tanzania The UK-based AgDevCo, which targets agribusinesses in sub-Saharan Africa, announced it has invested an undisclosed long-term loan in Pee Pee Tanzania Limited, a company that manufactures and distributes grain storage bags. Read more Funding In Southern Africa SA insurtech Inclusivity Solutions nets $1.3m in second tranche of Series-A round [Updated] Cape Town based insurtech startup Inclusivity Solutions has secured a $1.3-million investment in the second tranche of its Series-A round, the startup announced in a. Read more Funding In West Africa Ghanaian startup mPharma raises $17m investment Ghanaian healthtech startup mPharma has reportedly raised a $17-million investment. The Accra...

British AgDevCo invests in grain storage bag manufacturing in Tanzania

The UK-based AgDevCo, which targets agribusinesses in sub-Saharan Africa, announced it has invested an undisclosed long-term loan in Pee Pee Tanzania Limited, a company that manufactures and distributes grain storage bags. Through its first 2020 investment in Africa, AgDevCo wants to build a new grain storage bag manufacturing plant, thus increasing Pee Pee’s production and helping reduce post-harvest grain losses. The Tanzanian company distributes its products in Eastern and Southern Africa, where post-harvest grain losses are valued at $1.6 billion per year or about 13.5% of the overall value of grain production. According to the investor, this situation is mainly due to a lack of storage means. “We...

Ghanaian startup mPharma raises $17m investment

Ghanaian healthtech startup mPharma has reportedly raised a $17-million investment. The Accra based medicine benefits and inventory manager, which was founded in 2013 by Gregory Rockson, Daniel Shoukimas and James Finucane, aims to increase patient access to affordable high quality medications. Quartz Africa announced the raise in an article yesterday, adding that Helena Foulkes, former president of CVS, the largest pharmacy retail chain in the US, had been appointed to the company’s board. The publication said the CDC Group, UK’s development finance arm led the round. Existing investors including former Novartis CEO and chairman Daniel Vasella, Silicon Valley investor Jim Breyer and Dompe Holdings also took part in the investment round. CDC...

SA insurtech Inclusivity Solutions nets $1.3m in second tranche of Series-A round [Updated]

Cape Town based insurtech startup Inclusivity Solutions has secured a $1.3-million investment in the second tranche of its Series-A round, the startup announced in a statement today. Inclusivity Solutions, which was founded in 2015 by CEO Jeremy Leach (pictured above), designs, builds and operates inclusive digital insurance solutions. The current investment came from Goodwell Investments,  SA Umkhathi Wethu Ventures (UW Ventures) in partnership with Allan Gray, and fintech MFS Africa. The latest investment brings the startup’s total Series-A round to $2.6-million The latest investment in Inclusivity Solutions brings the startup’s total Series-A round to $2.6m In the initial announcement of the first tranche, Inclusivity Solutions said it had raised $1.56-million, which if summed with the $1.3-million...

Ride-Hailing Startup, Bolt, Founded By A 19-Year Old Raises $109m To Expand Its African Market

Mobility startups in Africa are in for a rollercoaster ride as a leading player in the African digital mobility sector, Estonia-headquartered Bolt (formerly Taxify) have just raised $109 million to tackle its African market.  The investment came from Naya Capital Management, and brings the startup’s total financing to more than $329 million. Launched in 2013 by Martin and Markus Villig under the name Taxify, Bolt is developing numerous mobility services (VTC, motorcycle taxis and even free-floatting electric scooters), in more than 150 cities in Europe and Africa. Faced with the Covid-19 pandemic and the ensuing containment measures, the startup has stepped up its meal delivery service, Bolt Food, now available in...

Daily Digest Wednesday, 27 May 2020

Funding In Africa Universal Launches Def Jam Africa as Its Latest Big Bet on the Continent Def Jam is going international. A little more than a half a year after launching Def Jam South East Asia, Universal Music Group today announced Def Jam Africa, a new division based in Johannesburg, South Africa, and Lagos, Nigeria, that will focus on "hip-hop, Afrobeats and trap talent in Africa" and report to Universal Music Sub-Saharan Africa & South Africa Managing Director Sipho Dlamini. Read more Funding In East Africa Kenyan e-health startup Access Afya among first to receive funding from MIT Solve as part of $900k round Kenyan healthcare startup Access Afya has become...

Select your currency