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Nigerian agri-tech startup Farmcrowdy’s impact platform CrowdyVest has launched a bus-hailing service

Nigerian agricultural crowdfunding startup Farmcrowdy, through its general investment platform CrowdyVest, has launched bus-hailing service PlentyWaka.  Formed in 2016, the Farmcrowdy platform connects small scale farmers across Nigeria with access to finance sourced from individuals and corporates via its online platform, and has so far empowered over 25,000 farmers across 14 states. The company has been in the process of reorganising recently, bundling its sister companies Farmgate Africa and Agricsquare into a bigger Farmcrowdy in July, and spinning out CrowdyVest, an investment platform created to deploy crowdsourced capital into agriculture, transportation and beyond. See related posts: Villgro Kenya Awards $60,000 to East African HealthTech Startups CrowdyVest has now launched PlentyWaka, a bus-hailing service that already...

Profile: Tom Guest

Tom has over 10 years of financial market experience, and oversees Noble Capital’s Origination and Structuring efforts, splitting his time between the UK and Africa. He travels widely to develop new business and help manage transactions through to financial close, with a particular interest in the food, agri and energy value chains. Prior to joining Noble, he was a core member of the senior management team that grew a UK-based FCA-regulated structured commodity trading platform from start-up to a multi-million dollar business. Tom has worked extensively across South East Asia, the Middle East and North Africa. Tom has a First Class degree (BA & MA) in Classics and Arabic...

Profile: Patrick Burnell

Partick Burnell has about 25 years of experience at top-tier investment banks and inter-dealer brokers in London and Asia, Patrick has developed deep and widespread investor relations which give Noble Capital unrivaled penetration into the global investor audience. Key Work Experience Prior to joining Noble Capital, he set-up and ran the sub-Saharan Africa desk for the world’s largest inder-dealer broker, TP ICAP, as well as running other high-profile divisions such as structured credit derivatives within the group. Patrick previously held high-profile positions at top-flight investment banks such as JP Morgan, Nomura and RBS. Educational Background Patrick is a graduate of Cass Business School with a BSc in...

Egyptian email service provider Pravica raises $500k from investors including 500 Startups

Cairo-based Pravica, an email service provider (ESP) that utilises blockchain technology, has closed a pre-seed funding round of US$500,000 to help build its customer base, grow its team and add to its product. Pravica, which was known as Dmails until it rebranded in March, was founded in April of last year by Mohamed Hussein Abdou, who had noticed emails oftene lacked data security. He successfully developed an innovative platform based on blockchain technology which guarantees the highest security standards for corporates communicating via emails and other communication tools. Other related articles: Egypt central bank plans $50mn to $100 mn fintech fund Pravica is now poised for growth after securing...

Ghanaian retail-tech startup Sumundi raises funding from GreenTec Capital

Ghanaian startup Sumundi, which has developed an innovative digital retail management platform designed to help retailers manage, grow, and sustain their businesses, has secured funding from GreenTec Capital to help it expand operations. Founded in 2018, Sumundi has developed a retail management platform, available online and offline, that helps store owners record sales, generate receipts, and track inventory, allowing them to keep track of what is going on in their shop in real-time.  The easy-to-use point of sale (PoS) software and inventory management software makes it easy for small shops and retailers to adopt technology into their businesses, benefitting from inventory management, accounting, e-commerce, fulfilment, and logistics services. Read other...

African Countries Get $3-Million COVID-19 From Afreximbank

The African Export-Import Bank (Afreximbank) has announced a $3-million grant to complement continental efforts to combat the COVID-19 pandemic. Afreximbank President Prof. Benedict Oramah,who made the announcement in Cairo, said that the grant was in response to a request by African heads of state, through the auspices of the African Union Chair Person, Cyril Ramaphosa, President of South Africa, for the mobilisation of resources to address the pandemic. Read other related articles: African Startups Secure $350 Million In Funding In Q1, 2020 He said that a significant proportion of the grant would go to the COVID-19 Special Fund set up by the African Union (AU) as well as to...

Made In Africa Inc. Gets $190 Million to Acquire Vlisco Group

Made In Africa Inc. has received $190 Million term sheet facility from the African Export-Import Bank (Afriexim Bank) to finance the company’s acquisition of African Fabric Holdings BV, Netherlands, also known as Vlisco Group. The facility, broken into two tranches, will also be used to provide working capital to Vlisco group following the acquisition. Kanayo Awani, Managing Director of Afreximbank’s Intra-African Trade Initiative, signed on behalf of the Bank while Kojo Annan, Chairman and Founder of MIA, signed for the company during a ceremony held on the sidelines of the Creative Africa Exchange Weekend (CAX WKND) taking place in Kigali. Other related articles: Kenya Catalytic Jobs Fund Vlisco Group...

Profile: Abiodun Oshodi

Who is Abiodun Oshodi? Abiodun Oshodi is the Managing Director of ILF Engineers Nigeria and responsible for ILF Consulting Engineers GmbH’s Sub-Sahara operations. With over 20 years’ experience managing various engineering projects; Abiodun has for 3 years been running the Nigerian and Sub-Saharan business of an international design engineering outfit with presence in over 40 countries. What are Abiodun Oshodi passions? His passion for the industrialization of Nigeria and the West Africa region gets him up every day. ILF has been in operation in Nigeria for over 39 years. Abiodun's background Born in Lagos Nigeria, Abiodun holds a Master’s Degree in Mechanical Engineering from the University of Lagos....

Investor Partech Raises $100M For Its Third Global Seed Fund To Invest In A Post-Covid Future

Venture Capital firm and previous investor in African startups such as Kudi, Terrapay, Gebeya, etc. Partech has announced the final closing of its latest Seed Fund, Partech Entrepreneur III, at $100M, investing in post-COVID trends in health, work, commerce, finance, mobility and computing. The VC said despite the lockdown, the Fund is actively investing in Europe, US and Asia to support seed-stage startups in the reboot of what our personal and professional lives will look like in years ahead. Here Is What You Need To Know With the Partech Entrepreneur III Fund, Partech is now one of the largest seed investors around the globe, with its seed funds exceeding $300M in total and topping...

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