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West Africa Tag

Ghana’s Ecommerce Startup Seven Inc. Just Promised To Invest $10m In Ghanaian Startups

Seven Inc., a Ghanaian ecommerce startup has a big ambition: to invest $10m in startups in Ghana. According to Vincent Djokoto, Managing Director of the startup, Seven Inc. has already entered into partnership with another local and Ghana-based tech, design and logistics firm to bring that ambition into fruition.  Read also: A Bank In Every Pocket Click here to find out more! “Seven has recently entered quite an exciting phase as a startup,” he tells the Business and Financial Times newspaper. “We’ve partnered with a local tech firm and are confident of a fully-functioning life-changing app within the first quarter of 2021,” he further said, adding that: “We’re looking to...

Kaspersky Extends Reach to West Africa

Kaspersky has partnered with Pan-African distributor company, First Distribution, to expand its security software portfolio into West Africa. First Distribution currently distributes Kaspersky in Southern Africa and East Africa. The addition of the new territory means it now covers the full region for non-Francophone sub-Saharan Africa. Kaspersky is a global cybersecurity company founded in 1997. Kaspersky’s deep threat intelligence and security expertise is said to be constantly transforming into security solutions and services to protect businesses, critical infrastructure, governments and consumers around the globe. The company’s comprehensive security portfolio includes leading endpoint protection and a number of specialised security solutions and services to fight sophisticated and evolving digital...

Daily Digest, Wednesday 1 July 2020

GFA Weekly Round-Up [Podcast] June22-25 The GetFundedAfrica team is proud to launch the very first episode of the GFA weekly round up segment. About The GFA Weekly Round up Nichole and Adebola (Founder) discuss the funding activity recorded on the GFA platform and deep dive into the blockchain industry in Africa. Listen To The Podcast Here Funding In West Africa Ghana Board Celebrate $200M Disbursement Of Loan To Boost Cocoa Productivity Ghana Cocoa Board (COCOBOD) and lenders have welcomed the first disbursement of $200 million of a syndicated loan facility to boost cocoa productivity in the world’s second-largest producer. Read more Funding In Southern Africa South Africa’s Mama Money Expands...

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

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...

Daily Digest Friday, 22 May 2020

Funding In West Africa Kenyan Agritech Startup Apollo Agriculture Raises $6m Series A To further Scale Its Business Apollo Agriculture, the Kenyan agri-tech startup has secured a US$6 million Series A funding round to continue rapidly scaling by partnering with more farmers, expanding its product offerings, and growing its team. Read more...

Daily Digest Thursday, 21 May 2020

Funding In West Africa Tomato Jos Raises €3.9M in Series A Funding Tomato Jos, a Kaduna, Nigeria-based agro-processing company focused on the local production of high-quality tomato paste for the African market, raised €3.9m in Series A funding. Read more Groupfarma Boost Food Security In Nigeria, Cultivates 2,500 Hectares Of Premium Rice In order to drive food security in Nigeria, an agricultural technology company, Groupfarma, a brand owned by Timesellers Limited, is cultivating a total of 2,500 hectares of premium rice in Ogun State. Read more...

Novastar Ventures fund closes at $108m for investments in East, West African startups

The Novastar Ventures Africa Fund II has held its final close at US$108 million, which will be used to back breakthrough businesses in both East and West Africa. With offices in Nairobi and Lagos, Novastar is one of the largest platforms dedicated to financing early and growth stage businesses in Africa. The firm backs startups that address proven demand for basic goods and services with innovative business models. The company’s first fund of US$80 million, together with a US$12.5 million co-investment facility, backed 15 companies and continues to invest follow-on capital into the successful businesses in its portfolio.  Other Articles: 6 Rising FinTech Startups from East African Worth Following NVAF II...

Nestlé provides over USD 3.4 million for COVID-19 relief in Central and West Africa

Nestlé is supporting more than 850,000 vulnerable people in Central and West Africa as part of a USD 3.4 million effort to help countries in the region fight COVID-19. At a time when hunger is a growing concern the company is donating nutritious food and beverages to 170,000 families, corresponding to 850,000 people, across the region in Angola, Burkina Faso, Cameron, Gabon, Mali, Niger and Nigeria. Nestlé is also contributing masks and other personal protective equipment (PPE) to keep frontline health workers safe. The company is also donating medical equipment to hospitals in Burkina Faso, Côte d’Ivoire, Ghana and Senegal. Additionally, in Burkina Faso, it will...

Guest Writer: Engineering Opportunities In West Africa – An Overview

Introduction Engineering, like art gets its beauty from taking an idea on paper to physical reality or proffering solutions to a teething problem. In the grand scheme of any development, design engineering accounts for approximately less than 5% percent of capital costs, which unfortunately makes it an unattractive venture for most investors. In the past, engineering firms got developed out of necessity rather than invention. Today, however, the word is – INNOVATION. How instant, how simple and then how affordable – solutions can be provided in a world of disruption. Sector Scenario The major constraint in developing a sustainable business model is finding and deciding on which niche area...