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[Apply] Ghana Tech Lab calls for applications for its Africa AI Accelerator

neurontin street value Ghana Tech Lab (GTL) is calling for applicants to apply to take part in the first cohort if its Africa AI Accelerator programme. The six month acceleration programme — run in partnership with GIZ and IBM — aims to promote local innovations in the field of artificial intelligence, machine learning and data usage. The first cohort will support 10 AI startups from Ghana, South Africa, Rwanda, and Uganda. Applications close on 25 June. Ghana Tech Lab’s Africa AI Accelerator will support 10 AI startups from Ghana, South Africa, Rwanda, and Uganda The programme will provide startups with product development and business development support offered both via interactive virtual and physical sessions. The support...

Nigerian startup Jamborow raises $400k for blockchain-based fintech platform

Nigerian startup Jamborow has reportedly raised $400 000 from its shareholders to expand its blockchain-based B2B fintech platform. Tech publication Techmoran reported in an article today that the investment will help the startup to launch in Nigeria and offer its financial services to the unbanked. Next Article: Awief opens nominations for its 2020 awards The company — founded by Moses Onitilo, John Kamara, and Olusegun George in 2018 — is set to close a seed funding round in coming weeks to launch into new markets, the publication said. The $400k investment will help Jamorow to offer its financial services to the unbanked in Nigeria Techmoran quoted Onitilo as saying that the startup had conducted...

Nigerian farmer financing platform Crop2Cash

Farmers, especially smallholder farmers, have always had trouble accessing financing, and therefore purchasing resources, as banks are wary of fund mismanagement. Nigerian startup Crop2Cash is addressing this by making formal financing a transparent process while providing much-needed capital to responsible farmers. Founded in 2018 by Michael Ogundare, Seyi Alabi and Emem Essien, Crop2Cash has built a channel that enables payments both to farmers and by farmers. Banks and other formal lenders are able to sign in to the platform, find groups of vetted farmers that are ready to receive credit for a season, and fund them directly. Banks can manage the portfolio of loans directly on the platform, and...

Jahez successfully closes US$36M Series A funding round, led by Impact46 in Saudi Arabia

Jahez, a food delivery platform offering a full logistics solution has raised US$36M USD Series A funding, led by reputed investor, Impact46. - Jahez utilizes technology to streamline its online food delivery management software. The platform automates the inbound order flow through a single point, given by Jahez, and provides last-mile delivery service.- They have processed more than 20 million orders for leading household brands and the company is on its way to exceeding a billion riyal of orders value in 2020 sourced from over 12,000 points of sales across KSA.- Jahez aims to use this funding to invest in building differentiated offerings, plugging the white spaces in the ecosystem, expanding in new verticals...

Daily Digest Wednesday, 3 June 2020

Funding In North Africa Orange Egypt launches seed support venture for entrepreneurs, tech start-ups Orange Egypt has announced the launch of a challenge for digital solutions and services in Egypt and the Middle East, under the sponsorship of Orange Group.Read more Funding In East Africa Ugandan Businesses Get $139 million From The EU Countries and organizations in Europe under their aegis of Team Europe have announced their intention to provide 125 million euros (about 518 billion shillings) in loans to help Ugandan small and medium-sized businesses recover from the impact of the coronavirus. Read more Funding In Southern Africa LionPride Agility Fund invests in SA healthtech BusyMed SA healthtech startup BusyMed has raised an undisclosed...

Ugandan Businesses Get $139 million From The EU

Countries and organizations in Europe under their aegis of Team Europe have announced their intention to provide 125 million euros (about 518 billion shillings) in loans to help Ugandan small and medium-sized businesses recover from the impact of the coronavirus. “We are planning a package to provide access to credit to small and medium-sized enterprises in the sectors most affected by the crisis. This package will also encourage new partnerships between Ugandan and European entrepreneurs,” Team Europe said in a statement. The details Support for small businesses will go through local banks. The timetable for companies to start making money is not yet clear. In the same statement, Team Europe...

LionPride Agility Fund invests in SA healthtech BusyMed

SA healthtech startup BusyMed has raised an undisclosed amount of investment from the R500-million LionPride Agility Fund. Neither the investor nor the startup disclosed the investment amount. BusyMed was founded in April last year by Port Elizabeth based entrepreneur Mphati Jezile The startup aims to connect consumers directly to pharmacies via a digital platform, giving them access to online consultations, as well as product and medication purchases with fast home delivery. The platform allows pharmacies to provide real-time stock information, access performance data on best-selling items, manage inventory more effectively and leverage off existing pharmacy and third-party delivery solutions. BusyMed which connects consumers directly to pharmacies via a digital platform has...

Orange Egypt launches seed support venture for entrepreneurs, tech start-ups

Orange Egypt has announced the launch of a challenge for digital solutions and services in Egypt and the Middle East, under the sponsorship of Orange Group. The challenge aims to support entrepreneurs and tech-driven start-ups during the ongoing coronavirus (COVID-19) crisis. Many start-ups are currently experiencing difficulty accessing finance, due to the low number of active investors. It is particularly seed investments that have seen a decline due to the global pandemic. The Orange Ventures MEA Seed Challenge is open to seed stage start-ups in Cameroon, Ivory Coast, Egypt, Jordan, Morocco, Senegal and Tunisia. Orange Ventures plans to invest a total of €500,000 in the MEA start-up ecosystem...

[APPLY] The GoGettaz Agripreneur Prize

The GoGettaz Agripreneur Prize aims to find Africa’s brightest young agrifood entrepreneurs. We are searching for agribusinesses that bring technology, innovation, and passion to the agriculture and food industries. Agrifood entrepreneurship is the biggest opportunity in Africa today. Before the global coronavirus pandemic, we liked to say agribusiness is a trillion-dollar opportunity. Now, everyone on the planet understands that agribusiness truly is a critical industry. YOU could win one of two US$50,000 cash prizes that will help you change your world and transform the agri-food business in Africa. We need strong agriculture and food businesses to get us through the pandemic and grow our communities and economies when it’s...

Daily Digest Tuesday, 2 June 2020

Funding In Africa DHL Expands Footnote in Africa, Acquires Stake in Link Commerce In preparation for the scramble for the budding Africa retail logistics market, global logistics firm DHL  has acquired a minority stake in Link Commerce, a turn-key e-commerce company that grew out of MallforAfrica.com — a Nigerian digital-retail startup. Read more Funding In Other Emerging Markets GoBear Accelerates Its Transformation To Become Asia's Leading Financial Services Platform With US$17M Fundraised Led by Adrian Chng, CEO, GoBear provides an alternative data powered financial services platform for insurance, banking and lending products. Read more Call For Applications [APPLY] UNECA COVID-19 Innovation Challenge The Innovation Challenge 2020 of the Forum seeks...

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