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Daily Digest Thursday, 29 October 2020

Funding In Africa Digital Banking Platform, Fundall Raises $150,000 In Pre-Seed Funding As part of an upgrade to what was like a Beta phase where it directly served about 10,000 members and about 200 million in deposits, Fundall is directing the investment largely into the acquisition of a Microfinance Bank, as part of steps to further strengthen its operational framework and license to surpass both regulations and customer service expectations. Read more Opinion Corner Tips That Could Save Your Small Businesses [Opinion] As exciting and fulfilling as it is, financial risks and challenges are part of doing business. But any company can fail by making financial errors when...

Digital Banking Platform, Fundall Raises $150,000 In Pre-Seed Funding

As the Fintech industry continues to rethink how Nigerians manage money and transact funds, Fundall — one of its latest startups and direct challenger to “digital banks” like Kuda and Alat — has announced a pre-seed investment of $150,000 (One hundred and fifty thousand dollars) led by Black Knight Capital, a pre-seed and seed stage angel investment outfit. Read also: Mobile Money key To Africa’s Growth, But Bad Tax Policies Ruin It – By Bassim Haidar As part of an upgrade to what was like a Beta phase where it directly served about 10,000 members and about 200 million in deposits, Fundall is directing the investment largely into the...

Daily Digest Wednesday, 28 October 2020

Funding In West Africa Cameroonian Gaming Startup Kiro’o Games Raises $342k Via Crowdfunding To Invade Smartphone Games Market Building on the success of “Aurion’s Heritage of Kori-Odan”, which in 2016 became the very first video game made in Cameroon, Cameroonian startup Kiro’o Games has announced it has raised $342k as part of a fundraising campaign it launched in 2019. Read more Funding In South Africa Local Healthtech Startup Secures R10-million Funding As a Connected Care Platform offering virtual medical consultations, Udok will be utilising the funding to expand its offering across the country and further its partnership with Clicks Pharmacies. Read more Call For Application & Other Web-Events Agritech Startups In Africa Invited To Apply To...

Local Healthtech Startup Secures R10-million Funding

South African-founded and based healthtech startup, Udok has raised R10-million in a seed round of funding from FinX Capital, a local venture capital firm.  As a Connected Care Platform offering virtual medical consultations, Udok will be utilising the funding to expand its offering across the country and further its partnership with Clicks Pharmacies.  The startup reports that the funding will enable locals to access an Udok virtual practice at nearly 200 Clicks Pharmacies across the country.  Read also: Uganda Approves US$575m Tullow Stake Sale To Total  Dr Petrus van Niekerk, founder, and CEO of Udok comments on the partnership with Clicks stores and how it will enhance access to medical care...

Cameroonian Gaming Startup Kiro’o Games Raises $342k Via Crowdfunding To Invade Smartphone Games Market

Building on the success of “Aurion’s Heritage of Kori-Odan”, which in 2016 became the very first video game made in Cameroon, Cameroonian startup Kiro’o Games has announced it has raised $342k as part of a fundraising campaign it launched in 2019. Buoyed by the funding, the startup has announced the launch of its very first game on PlayStore. Read also: Cape Town Launches An Innovation Challenge For Entrepreneurs “We have delivered ‘Early Access’ our game (…), which allows any player to experience the life of a high official of the Imaginary Republic of Mboa in a comic fashion. It is the first time in world history that the life of...

Daily Digest Tuesday, 27 October 2020

Funding in Central Africa Assala Energy To Invest US$24M In Modernizing Gabon’s Gamba Export Infrastructure The large-scale modernization project provides for the construction, installation and engineering works of a brand new, offshore single point mooring buoy. Read more Funding In East Africa Uganda Approves US$575m Tullow Stake Sale To Total The beleaguered oil explorer has been waiting since 2017 to close its divestment in the Lake Albert Development Project, an effort repeatedly hindered by tax disagreements with Uganda government. Read more Call For Application & Other Web-Events Cape Town Launches An Innovation Challenge For Entrepreneurs Titled, Re:solve, the challenge aims to empower and encourage entrepreneurs and SMEs to create innovative solutions to current...

Assala Energy To Invest US$24M In Modernizing Gabon’s Gamba Export Infrastructure

GABON – Assala Gabon, a subsidiary of UK-based operator Assala Energy, has announced that it will spend US$24 million to modernize Gabon’s Gamba export infrastructure in the south of the country. The Gamba export buoy is crucial to the Gabonese economy, as 30% of the country’s crude oil exports passes through it. The large-scale modernization project provides for the construction, installation and engineering works of a brand new, offshore single point mooring buoy. A full inspection carried out in 2019 revealed that the previous buoy, installed over ten years ago, needed a thorough overhaul. Read also: Efficiency For Access Fund Gives US$3.7m To Solar Related Technologies In Africa “Despite the global economic...

Uganda Approves US$575m Tullow Stake Sale To Total

UGANDA – Tullow Oil has received an approval from the Ugandan government for the sale of a $575 million stake in an oil project to Total. The beleaguered oil explorer has been waiting since 2017 to close its divestment in the Lake Albert Development Project, an effort repeatedly hindered by tax disagreements with Uganda government. Read also: Kenyan Bus Management Startup Data Integrated Secures Funding Via Bond Issuance From Toyota Tsusho As it sought relief from lenders this year to avoid blowing through debt covenants, securing proceeds from the sale became key to restoring stability. “The government of Uganda and the Ugandan Revenue Authority have executed a binding tax agreement,” Tullow said...

The Power & Electricity World Africa 2020

Innovation, Investment, Infrastructure - Energy For The People A free-to-attend virtual conference and exhibition for the entire energy community 4 - 6 November 2020 | Online, Live 08:30 (GMT+2) | Coming to you live, wherever you are Read also: Enabling Growth In The Digital Economy: Lessons For And From South Africa [Opinion] Browse the Power & Electricity World Africa Virtual agenda More than 250 speakers. Over 120 hours of premium content.Check out the Power & Electricity World Africa Virtual agenda now. SEE AGENDA VIEW FULL SPEAKER LIST REGISTER FOR FREE GetFundedAfrica’s mission is to uplift people and economies in Africa through entrepreneurship; helping companies find funding, grow, create jobs and solve society’s greatest challenges GFA Attract, GFA Weekly...

Cape Town Launches An Innovation Challenge For Entrepreneurs

The Craft and Design Institute (CDI), a non-profit company, and the City of Cape Town have partnered to launch a new challenge for entrepreneurs. Titled, Re:solve, the challenge aims to empower and encourage entrepreneurs and SMEs to create innovative solutions to current issues faced in transport, hygiene, food security, education, medical care, retail, and micro-enterprises.  Read also: Toyota’s Mobility 54 Fund Will Invest $45 Million In African Startups In 2021 James Vos, Mayoral Committee Member for Economic Opportunities and Asset Management of the City of Cape Town explains that the project plans to tap into the creative potential of Capetonians.   “The goal is to unlock new products and solutions...

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