- Africa Data Centres, a business of Cassava Technologies group, just announced that it has signed a 20-year Power Purchase Agreement (PPA) with DPA Southern Africa Pty Ltd (DPA SA), a joint company of Distributed Power Africa and the French utility company, EDF. Under the terms of the agreement, DPA…
- Nigerian fintech startup, FairMoney, has acquired PayForce, a CrowdForce subsidiary, in a deal that will see CrowdForce CEO, Oluwatomi Ayorinde, join FairMoney to head its payments business unit. The acquisition of the merchant payment services that serve small businesses will also see CrowdForce…
- Understanding and managing the needs and expectations of your customers is critical to building and maintaining a successful business. When you meet and exceed their expectations, they are more likely to become loyal customers, recommend your products or services to others, and leave positive…
- Flat6Labs is amongst the most active VCs in Africa, having invested in over a hundred startups to date, across the Middle East and North Africa (MENA) region. And now, after 11 years, the Egypt-based seed-stage accelerator is expanding its operations to East and West Africa. This move will be…
- Villgro Africa has set its eyes on launching an Incubator-Fund Platform in partnership with Jaza Rift Fund, with a target fund size of $30 million, aimed at supporting startups graduating from the incubator. This decision is informed by reports that estimate Africa’s healthcare market will be worth…
- Dream VC has launched the 2023 cohort of its VC and investor training programme. The programme is for those interested in working with VC firms or learning to become an investor tagged ‘Launch into VC (LIVC)’ which will run for three months — June 2023 to August — while the ‘Investor Accelerator’…
- Naspers, Africa’s most valuable tech company by market capitalization, has winded down the operations of its R1.4 billion (≈$100 million) South Africa-focused venture capital fund Naspers Foundry, according to BusinessDay. According to the report, the firm, which is taking this approach as venture…
- Flat6Labs, the MENA region’s leading seed investor, has officially announced the launch of its StartMashreq entrepreneurship program. The regional program is being implemented over a two-year period in partnership with the International Finance Corporation (IFC), a member of the World Bank Group,…
- South Africa is facing an education crisis of massive proportions. The matric pass rate is dangerously low, only 6% of adults aged 25-34 have benefitted from tertiary education, nearly half of the in-service teachers are set to retire before 2030, and the country faces an alarmingly high…
- What unfolded in the African venture capital space in the week of Feb. 27.
The post <strong>VC Trends Watch: Feb. 27 – Mar. 03, 2023</strong> appeared first on GetFundedAfrica Media.
- Andela, the global network for remote technical talent, has acquired Qualified, the leading technical skills assessment platform to identify, qualify, and certify top engineers. Andela’s global talent community will also expand with the addition of more than 3.6M engineering users via Codewars, an…
- The Board of Absa Bank Kenya Plc has appointed Abdi Mohamed as the new Managing Director and CEO of Absa Kenya, subject to regulatory approvals. “This decision follows a rigorous recruitment process conducted between October 2022 and February 2023,” the board announced. Abdi is a Kenyan with…
- Absa Bank Kenya PLC and the eco.business Fund, an impact fund, has announced a Ksh1.26 billion (USD 10 million) partnership for the bank to on-lend to domestic and export businesses participating in the country’s agricultural value chains. The funding line is expected to improve resource efficiency…
- Google has marked International Women’s Day by unveiling three new initiatives to empower women entrepreneurs in Africa and equip them with the tools needed to succeed. The company announced 15 startups for the inaugural Google for Startups Accelerator Africa: Women Founders Cohort. It has also…
- In recent years, Kenya has emerged as one of the most vibrant and dynamic startup and business ecosystems in Africa. With a population of over 50 million people, a growing middle class, and a young and tech-savvy population, the country is well-positioned to become a hub for innovation and…
- Nairobi-based fintech company PesaPal has partnered with Airtel Mobile Commerce Uganda Limited (AMCUL) and PesaPal Uganda to provide payment solutions through Airtel Money. PesaPal is among East Africa’s oldest fintech companies that have created payment solutions that enable businesses to collect…
- The Microsoft Africa Development Centre (ADC) and Microsoft Leap have announced the launch of an inaugural workshop intentionally designed for university lecturers, proficient in leading technology-focused courses. Under this program, university lecturers will be provided with an opportunity to…
- MFS Africa has partnered with Western Union to enable individuals and businesses across the continent to receive money from over 200 countries. The partnership will enable funds to be sent from countries worldwide to mobile wallets across Africa through the organization’s licensed payment rails.…
- Happy International Women’s Day to all the women out there, especially female founders. It’s tough enough being a woman, whether single or married, working or stay-at-home, mother or childfree. Adding the role of a female founder into that mix signals another to the many balls women juggle to…
- Camco-managed Renewable Energy Performance Platform (REPP), Proparco, and E3 Capital have each decided to invest USD500k in Nuru, bridging a financing gap to bolster the company’s USD 25 million Series B equity fundraising. The residual funds will be invested by an impressive consortium of…
- Egypt has joined Africa Finance Corporation, the continent’s leading infrastructure solutions provider, as the first North African sovereign shareholder, further diversifying AFC’s expanding equity investor base. An AFC Member State, Egypt’s equity commitment and its imminent representation on the…
- EchoVC, a Lagos-based venture capital firm focusing on investing in underrepresented founders and underserved markets, has created EchoVC Chain, an $8 million “pilot” blockchain-focused seed fund. EchoVC, whose objective is to be “the Sequoia Capital for undervalued entrepreneurs and markets,” has…
- Motsumi-Garrido replaces Tractor’s former Sales Director Lizelle McConnell, who immigrated to the United Kingdom at the beginning of 2023. Motsumi-Garrido is to lead Tractor’s sales team and will be based at the media owner’s Johannesburg office. Tractor Media Holdings’ new Sales Director, Mali…
- The Nest Innovation Technology Park has partnered with Campus Innovation Circles (CIC) to launch The Nestlings Playbook; its pioneer program designed to address the challenges faced by founders across universities in Nigeria. The Nestlings Playbook is specifically tailored to provide the…
- Endeavor Nigeria has announced the appointment of the Chief Transformation Officer of Seven-Up Bottling Company and co-founder of W Motors, Sari El-Khalil to its board of directors. In a release, the company described El-Khalil as a business leader and an entrepreneur with over 14 years of…
- The ZEP-RE Innovation Hub has announced its interest in supporting scalable startups in creating new markets and optimizing efficiency, as the first insurtech incubator in Rwanda. They are calling on all startups who are interested in entering the insurtech industry to onboard new corporate…
- Adiwale Partners and Investisseurs & Partenaires (I&P) acquired a minority stake in VoltaCars Rental Service (VRS), a Ghana-based vehicle leasing company. Adiwale acquired VRS through its maiden Adiwale Fund I, which reached a EUR60m final close in 2021 and targets growth capital…
- In line with its commitment to digital transformation and support to black-founded startups, search engine giant, Google has announced applications for the third cohort of the Black Founders Fund for Startups opened in Africa and Europe. This year, Google has committed $4 million to support…
- Identifying a profitable niche market is a crucial step for entrepreneurs who are starting a new business. A niche market is a specific subset of a larger market with unique needs and preferences. Knowing your customer is the core of any successful venture since it influences your content,…
- Leading fintech-as-a-service provider, ImaliPay, has signed a major deal with 3rd Party e-commerce fulfilment solution Renda on the 1st of March 2023. The partnership will support businesses across Africa by simplifying and streamlining the process of order fulfilment for Enterprise and Medium-…
- FairMoney, a leading digital bank in Nigeria, has launched an improved version of its mobile banking app home page. The revamped app with a refined and contemporary look will give users a better experience while enhancing seamless transactions. The updated app boasts of a new home page interface…
- Zimbabwean blockchain startup, Flex ID and South African WhatsApp-based remittance platform, Uhuru Wallet, have announced the launch of an ‘integrated digital identity and remittance platform’ targeting millions of Zimbabwean immigrants residing in South Africa. The two startups termed this as the…
- They might not be as exclusive or as lofty-sounding as the unicorn, but they certainly have their uses and advantages in the start-up landscape.
The post Cockroaches, Donkeys, Unicorns: The (cool) Animal Kingdom in the Start-up Ecosystem appeared first on GetFundedAfrica Media.
- Nestlé Nigeria Plc. has commissioned its third technical training facility at its Flowergate Factory in Ogun State to enhance the capabilities, skills and competence of young people in the country towards accelerating industrialisation for economic growth. The first two facilities are in Agbara,…
- Here’s a condensed rundown of what unfolded last month in the African venture capital investment space.
The post VC Trends Watch: Feb. 6–24, 2023 appeared first on GetFundedAfrica Media.
- Recently, a group of about 120 venture capital firms came together to launch ImpactVC, a Europe-wide initiative aimed at promoting impact investing in venture capital.
The post <strong>VC Trends Watch: Creating ImpactVC</strong> appeared first on GetFundedAfrica Media.
- Eleven startups have been selected for the next stage of the MultiChoice Africa Accelerator, gaining the chance to pitch to prospective investors in Dubai. The MultiChoice Africa Accelerator programme, the brainchild of the MultiChoice Group and part of the MultiChoice Innovation Fund, in…
- Liquid Intelligent Technologies, a business of Cassava Technologies, announced a new collaboration to deliver internet access to 20 million underserved people in Africa by the end of 2025 with Microsoft. Working together through Microsoft’s Airband initiative, the new collaboration will initially…
- South African chemicals and energy company Sasol has announced that it has established Sasol Ventures to advance its decarbonisation and 2050 net zero ambitions through venture capital. The fund will pursue investments in start-up and early-stage technologies that will enable Sasol to meet the need…
- Egyptian fintech startup Copal has partnered with Mastercard to launch a family payments mobile app that brings all family members onto a unified payment platform that is fully managed by parents. Copal, which recently graduated from the Flat6Labs Cairo accelerator programme, claims to be Egypt’s…
- The Board of Directors of Seplat Energy Plc today announces the appointment of Ms Koosum P. Kalyan as an Independent Non-Executive Director of the Company who will be joining the Seplat Board with effect from 28th February 2023. Ms Koosum Kalyan is a South African businesswoman and economist whose…
- The Africa Fintech Summit (AFTS) is set to hold its 9th edition in Washington DC, USA, on April 12, 2023. The summit will bring together top regulators, policymakers, financial and technology industry executives, fintech founders, leading innovators, investors, and government representatives from…
- Serial entrepreneur Marlo Richardson is seeking to educate and help individuals who have an interest in learning how to invest in or acquire businesses and real estate, through her newly-created hedge fund called Business Bullish Investments. Launched in February 2023, the hedge fund enables…
- The European Investment Bank (EIB) and the Eastern and Southern African Trade and Development Bank (TDB) will support a new targeted financing initiative, investment in businesses across Africa that were most impacted by trade and supply chain challenges. EIB, through its new dedicated development…
- GetFundedAfrica, a tech-based marketplace connecting African founders with key players in the start-up ecosystem, is pleased to announce its collaboration with TransNumerik, a Microsoft Partner of the Year 2022 in Cote d’Ivoire and Senegal. Since GetFundedAfrica’s inception from its headquarters in…
- Balaji Group, a textile company based in Nairobi, Kenya has received a $25 million mezzanine debt investment from Norfund and Ethos Mezzanine Partners. Norfund and Ethos Mezzanine Partners 3, a closed-ended specialist credit fund, will inject a total of $25 million (Sh3.15 billion) into the Athi-…
- Africa Centres for Disease Control and Prevention appoints Dr Jean Kaseya as the first director general. Kaseya is a Congolese medical doctor with over two decades of experience in public health, working at both international institutions and the government of the Democratic Republic of Congo. His…
- Ecobank Transnational Incorporated (ETI) has announced the appointment of Ghanaian career banker, Mrs Josephine Anan-Ankomah as the Managing Director, of Ecobank Kenya, following approval from the Central Bank of Kenya. Mrs Anan-Ankomah will also serve as the Regional Executive, Central, Eastern…
- Innovative equity crowdfunding platform GoGetta has listed its first two businesses outside of South Africa. GoGetta is an equity-based crowdfunding platform, that brings quality venture capital opportunities to investors worldwide and gives Africa’s entrepreneurs the platform to raise capital.…
- As markets become increasingly competitive, it’s becoming more crucial than ever for businesses to remain relevant. With new technologies, economic shifts, and changing consumer preferences, businesses must remain agile and adaptable. Remaining relevant means staying up-to-date with the latest…
