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Investment Tag

6 Factors Standing In The Way Of Expanding Your Business

If you have been running a small business for a while now, the chances are good that you are itching to expand your horizons and see your establishment grow to reach its full potential. The question is, how can you overcome the obstacles that are currently standing in your way?  Below, you will find a list of some of the most common factors that prevent so many business owners from embracing the opportunity for business growth, as well as some advice on how to side-step these challenges with relative ease.  A lack of resources Perhaps you do not have access to the technology necessary to take the next steps towards...

How Investors Can Go About Remote Due Diligence In A Pandemic World

“When written in Chinese, the word crisis is composed of two characters. One represents danger and the other represents opportunity.” It is a famous quote attributed to John F. Kennedy, and while not true, it’s a great conversation opener. Undeniably, a crisis presents opportunities; we now have seen for months one unfolding across the global economic landscape with Covid-19. Between factories reimagining global supply chains and tech companies — from fintech to health tech — re-evaluating growth strategies and business models, all conventional ways to work have been put through the grinder; we’re seeing the emergence of a new normal. The pandemic has affected the financial sector as well. Fund...

TLcom Makes First Investment In African Healthtech As Kenya’s Ilara Health Raises $3.75m Series A Funding

Barely 2 months after receiving $1.1m in grant funding from the Bill & Melinda Gates Foundation, one of Africa’s most active investors, TLcom Capital has finally found faith in an African healthtech startup through Ilara Health, the Kenyan-based healthtech startup focused on bringing essential, affordable and life-saving diagnostics to African consumers. The startup has announced it has secured $3.75 million in Series A funding to enable it expand its diagnostic reach across Africa and to accelerate the development of its integrated patient health management platform. “This funding round allows us to significantly grow our on-the-ground presence and invest resources into our technology capabilities. In just one...

Infrastructure Credit Guarantee InfraCredit Secures US$27m Equity Investment From InfraCo Africa

NIGERIA – InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has completed an approximately US$27m equity investment into InfraCredit, a specialised local currency infrastructure credit guarantee institution based in Lagos, Nigeria. InfraCo Africa’s equity investment, made through its dedicated investment vehicle, makes InfraCo Africa an equivalent shareholder alongside the Nigeria Sovereign Investment Authority (NSIA) and Africa Finance Corporation. Read also: A New $4 Million Fund Launched For Off-grid Companies In Kenya By AECF Gilles Vaes, CEO of InfraCo Africa, and Claire Jarratt, CIO of InfraCo Africa, will join InfraCredit’s Board of Directors. “Our equity investment in InfraCredit marks the first major transaction of our dedicated investment vehicle, InfraCo...

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...

Naspers Foundry Invests In The Food Service Industry, With Stake In Food Supply Network

Naspers Foundry, the venture capital subsidiary of the South African group Naspers, has concluded its third deal with an undisclosed investment in Food Supply Network (FSN), a food systems integrator. The subsidiary was launched in October 2018 with a fund of 1.4 billion rand ($85.2 million) and has already invested in two projects for a total of 130 million rand. “We’re extremely excited about our partnership with Naspers Foundry. Naspers brings unparalleled global experience, marketplace expertise, and extensive networks to the table. Their capabilities complement our own, as well as those of our existing partners at Venturen, who also participated in this round. Naspers shares our...

VALR raises R57-million to advance cryptocurrency adoption

VALR, one of South Africa’s leading cryptocurrency exchange, announced today that it has raised R57-million (US$3.4-million) to advance the adoption of cryptocurrencies. The Series A equity round of funding was led by 100x Ventures, (the investment arm of 100x Group who are behind cryptocurrency derivatives trading platform BitMEX), with participation from 4DiCapital, and FNB CEO Michael Jordan and US-based company Bittrex. VALR has raised R57-million in funding Founded in 2018, VALR was established to bridge the gap between the traditional financial system and the new world of cryptocurrencies. In June 2019, VALR launched bitcoin-rand trading and has since grown to become one of South Africa’s leading bitcoin trading...

Zambian fintech startup receives $1-million investment

Lupiya, a Zambian based microfinance startup has received an investment of $1-million from Enygma Ventures, a US venture capital (VC) fund. Founded in 2015, Lupiya is an online marketplace for microloans. It is a branch-less, innovative digital microfinance platform that leverages technology to make the process of borrowing simpler and easier so that people and businesses located across the country even in rural, remote areas can access financial services. Lupiya has recieved an investement of $1-million from Enygma Ventures Loans are tailored to either personal, business, or for women. The investment will enable Lupiya to further its goals in fostering financial inclusion through its service offered, with a focus...

Africa attracted $338mln in private equity investments in June 2020

 Companies operating in Africa raised a total of $337.7 million in private equity investments in June 2020, we learned. This does not include the asset management subsidiary of Investec (Ninety One) and the $597 million fund launched by the South African Ethos Private Equity. The largest fundraising over the period was the 131.7 million made by Sanlam for its three funds targeting South African companies affected by covid-19. It was followed by the $90 million raised by the fourth AfricInvest fund for Africa thanks to contributions from Proparco, the International Finance Corporation, and Development Finance Corporation. While many African countries have followed the international movement by reopening their economies, investors...

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