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South African Tech Startup Raises R2.2-Million

purchase Lyrica LetMeIn.to, a local tech startup that has created an innovative software-based access management service, has secured R2.2-million in funding from an undisclosed impact investor.  The funding will be used to expand and scale up the startup’s current visitor and access management platform. Read also: Mozambique Startup Secures $1.5-million The seed fund reportedly provides capital and support to value-aligned entrepreneurs which create businesses that have a positive social impact on society.  LetMeIn.to  Founded in 2020, the tech startup offers advanced access and visitor management solutions aimed at large organisations who might have multiple locations. Earlier this year, in the wake of the pandemic, the startup developed CoronaFighter, a chatbot and web-enabled app...

Incubator Ogooué Labs Obtains $456k Funding From Cofina To Support Startups In Gabon

To support entrepreneurship in Gabon, the African Financial Company (Cofina) has granted a fund of CFAF 250 million ($456k) to Ogooué Labs. Aimed at small and very small businesses in their development phase, this funding aims to support the StartX 241 program initiated by the incubator. Read also: Nine Startups Get $ 1 Million From Future Africa Fund The objective of the program is to accelerate the industrial scale-up and distribution of startup products from French-speaking countries to new markets. This fund will enable Ogooué Labs to create 10 startups, and to train, through its training center in digital professions and leadership School 241, 20 Gabonese entrepreneurs in...

First Bank Launches ATM Without Physical Interactions Fast Track ATM

NIGERIA – First Bank of Nigeria Limited, a premier commercial bank, has launched the FastTrack ATM, a Next Generation ATM and first of its kind in Africa, designed to promote financial activities on the ATM devoid of any form of physical interaction with the machine. The introduction of the FastTrack ATM which is done in partnership with Inlaks enables customers carry out cash withdrawals without having to touch the interface of the ATM. Read also: Sarwa Capital Closed Its Inaugural Sukuk Issuance Of US$ 159.84m, The First In Egypt With the FastTrack ATM, widely referred to as Touchless Solution, the customer carries out the transaction by using his or...

Daily Digest Monday 30, November 2020

Funding In Africa Nine Startups Get $ 1 Million From Future Africa Fund The Fund was opened to co-investors and members began being admitted in June, and in less than six months Future Africa has built a community of over 125 angel investors from all over the world. Read more Funding In Southern Africa Mozambique Startup Secures $1.5-million The funding will be utilsied to assist Chicoa Fish Farm in developing and growing its existing business model inclusive of the processing and distribution of frozen tilapia products. Read more Latest News Sarwa Capital Closed Its Inaugural Sukuk Issuance Of US$ 159.84m, The First In Egypt The issuance is a Shariah compliant 7-year Mudarabah Sukuk...

New VC Fund Launches For SA Entrepreneurs To Expand Into Europe

A new VC fund, The Portugal Gateway Growth Fund will offer South African entrepreneurs and startups the opportunity to access the European market by providing funding and more. Addressing the main challenge that hinders South African startups and entrepreneurs from accessing the European network, the new VC fund aims to provide more than a foot in the door to this large market which is filled with abundant opportunities.   The Portugal Gateway Growth Fund aims to provide resources that will benefit SA businesses and entrepreneurs and drive businesses into the Eurozone.  Read also: 5G Consumer Market To Reach $31 Trillion By 2030 In an official press release, Gavin Goldblatt, managing partner at the...

Mozambique Startup Secures $1.5-million

Mozambique-based startup, Chicoa Fish Farm, has secured $1.5-million in Series A funding from Goodwell Investments. The funding will be utilsied to assist Chicoa Fish Farm in developing and growing its existing business model inclusive of the processing and distribution of frozen tilapia products. The much-needed funding will be used to include local-small scale fish farmers within the startup’s model, extend product facilities, and towards the installation of a new processing plant.  Read also: Zimbabwean Businessman Adam Molai Just Launched A $1 Million VC Fund For African Startups Dhanyal Davidson, Senior Investment Associate at Goodwell Investments explains that the partnership between Goodwell and Chicoa Fish Farm will develop the aquaculture sector in...

Nine Startups Get $ 1 Million From Future Africa Fund

The startup seed fund established as a collaboration between Andela and Flutterwave co-founder Iyinoluwa Aboyeji has announced it made nine investments totaling US$1 million in the third quarter of the year, taking its portfolio to 28 companies. Under the auspices of Future Africa Fund which was launched in April 2020. The Fund was opened to co-investors and members began being admitted in June, and in less than six months Future Africa has built a community of over 125 angel investors from all over the world.  The first deal presented to the Future Africa Collective was oversubscribed by 28 per cent within 72 hours, and the second deal was...

Sarwa Capital Closed Its Inaugural Sukuk Issuance Of US$ 159.84m, The First In Egypt

EGYPT – Sarwa Capital for consumer and structured financial services has successfully closed its inaugural Sukuk issuance by Sarwa Sukuk, a subsidiary of Sarwa Capital, of EGP2.5 billion (US$ 159.84m), as Egypt seeks to attract a new segment of investments. The issuance is a Shariah compliant 7-year Mudarabah Sukuk and received a high credit rating of A- by the Middle East Ratings and Investors Service (MERIS). This issue is the first transaction of its kind and the largest Sukuk issuance in Egypt. Read also: Africa-Focused Travel Tech Startup Raises Six-Figure Seed Funding The proceeds will be used for further expansion of Contact Credit and its affiliate companies. This transaction comes...

Profile: Efemini Awosika

Personal Bio  Efemini's Educational background summary: BSc Finance - University of Lagos; MSc. Analysis Design & Management of Information Systems - London School of Economics. A certified procurement professional - Certified Supply Chain Professional & MCIPS (Chartered Institute of Procurement & Supply), MBA Mastering Contracts Management. After 14 years work experience developing tenders & awarding oil & gas contracts, our Guest Contributor set-up Efemini Academy to share knowledge through video based online courses. Efemini is also an Executive Director of Robert & John Ltd, an innovative research & development company that uses technology to solve social problems. Robert & John's core products target the education & health (to...

GFA Attract Interview With Efemini Awosika And Nichole (Entrepreneur Edition)

In this Episode of GFA Attract, we interviewed Efemini Awosika who is the C.K.O (Chief Knowledge Officer) of Robert & John, and CEO - Efemini Academy. She has worked professionally for several years, educated on different continents, obtained a number of degrees, and now operates as an entrepreneur. The story behind Efemini AcademyWhere both Robert & John, and Efemini Academy will be in the next 5yearsWhat she considers as the challenges facing online learning development & education on the African continentThe outlook for online education in Africa Click here to watch her interview What do you think are the challenges facing online learning development & education...

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