- Nigerian fintech start-up Owoafara Inc has received investment funding from ShEquity, an Africa-wide impact investment firm. While the exact amount has not been disclosed, it is described as a “key milestone” for the gender-lens investment firm. The Mauritius-based ShEquity provides smart…
- In Zimbabwe, InfraCo Africa, an investment company of the Private Infrastructure Development Group (PIDG), has signed a US$2 million (Z$723.8 billion) deal to deploy 400 electric vehicles from the start-up Mobility for Africa in rural areas. The vehicles, called “hambas” (go ahead, in the local…
- Egypt-based technology start-up Sideup has raised $1.2 million in funding that will help the company expand its operations into Saudi Arabia. Various global and regional investors took part in this new funding round, including Launch Africa VC, 500 Global, Riyadh Angels, Alex Angels, Al Tuwaijri…
- Boomplay, which claims to be Africa’s largest music streaming platform, has partnered with France-based Hip Hop and Soul radio station Generations Radio to launch the ‘Top Africa Charts show’ to promote African music and spotlight African artists. The music streaming platform says that the…
- In line with its mission to uplift people and economies in Africa through a robust start-up ecosystem, GetFundedAfrica has joined forces with Wentors to support its commitment to encouraging female-led start-ups across Africa and the Middle East. Wentors is a social enterprise dedicated to enabling…
- 645 Ventures has announced the closing of two new funds totaling $347M: Its $194M Fund IV and $153M Select Fund I. These new funds allow 645 Ventures to continue partnering with early-stage founders building iconic businesses that transform industries and shape our future. The funds also allow 645…
- Africa’s beauty and personal care market is growing accelerated by its growing young and fashion conscious population, increasing spending power, and urbanization. The market’s potential has in recent years attracted major brands, with Fenty Beauty by Rihanna and LVMH being the latest entrants.…
- Seedstars Group co-founder and Seedstars Capital managing partner Michael Weber and Seedstars Capital partner Benjamin Langer told TechCrunch in an email that “Seedstars’ mission is to impact people’s lives in emerging markets through technology and entrepreneurship.” Over the past decade, it has…
- Last year, the beauty industry in Nigeria was valued at a little over a trillion naira. It is a huge industry that keeps going from strength to strength. And bringing the exhibition to Lagos, Nigeria was one way to support that growth.
The post The Beauty West Africa Exhibition 2022: A Gathering of…
- As a business owner, you understand that your customers are the reason for your business. That is why it is critical to keep your customers in mind at all times. The demands of your customers should be at the forefront of your business. This will not only drive more sales but also build customer…
- The Anzisha Prize, Africa’s premier entrepreneurship initiative for young people between the ages of 15 and 22, today announced the next cohort of 30 leading young entrepreneurs that will join its three-year Venture Building Program. Launched in 2011, the Anzisha Prize is a partnership between the…
- Catch up on the latest Funding News across Africa. Watch an all new episode of #GFAROUNDUP with Nichole Manhire. In this week’s Episode of GFA ROUND-UP, Nichole Manhire and Axara discussed five African Startups that received Funding in recent times. They gave full details on the following: The…
- US-based venture capital firm 500 Global is set to open an office in Egypt and has recently partnered with Information Technology Industry Development Agency (ITIDA) to launch a range of investment and startup-focused support programmes. 500 Global has appointed Amal Enan, based in Cairo, as a…
- Africa Data Centres, a business of Cassava Technologies, a pan-African technology group, has announced that it is building its first data centre in Kigali, Rwanda. The data centre will have 2MW of IT load and be purpose-built to meet growing demand in the region. “It is an exciting time for Africa…
- The Milken Institute and the Motsepe Foundation have launched the Milken-Motsepe Prize in Green Energy, a $2 million or R33.8 million prize competition to reward entrepreneurs and innovators working to address one of the most pressing and immediate challenges of our time—access to green, renewable…
- Announcing the winners in Lagos on Wednesday, November 30 at the Grand Finale of the keenly contested Challenge that saw well over 600 entries, the Country Director, Rufus Idris said the newly introduced annual challenge in Nigeria serves as a springboard for identifying outstanding young agritech…
- Badili, a Kenya-based smartphone re-commerce startup, has raised $2.1 million in a pre-seed funding round which had The Venture Catalysts, V&R Africa, Grenfell holdings, SOSV, and angel investors from Kenya, Nigeria, South Africa and India in participation. Founded early this year by Rishabh…
- The beneficiaries of the seed funding include Ayilara Assurance Oluchi, CEO of OnePad Reusable Pad, Nigeria; Lamin Ceesay, CEO of Karakunku Farm, the Gambia; Aminu Moses Rex, CEO Delfak Nigeria Ltd; Claude Albert Moghomaye, CEO, Bertec, Cameroon; Michael Osumune, CEO, Moon Innovations, Nigeria…
- The Board of Directors of the African Development Fund have approved a grant of $6.12 million to help strengthen public finance governance in low-income African countries. The funding is for Phase 2 of the Regional Institutional Support Project in Public Finance Governance (RISPFG) which will be…
- 4Di Capital, a South African early-stage venture capital firm, announced today the second closing of its new US$ 25 million seed fund, created in partnership with DotExe Ventures in Mauritius, with an undisclosed raise from Mauritian conglomerate, IBL Group, through its investment vehicle, IBL Link…
- Investors are searching for a solid investment that offers a healthy ROI in a reasonable time frame, as well as a founding team that is confident in its ability to achieve its objectives. Many factors influence that decision, but the choice to invest ultimately comes down to the capacity to profit…
- Orda Africa has secured a $3.4 million seed round which was co-led by Quona Capital and FinTech Collective with participation from Far Out Ventures and Outside VC, angel investors Doneci Kone and Julian Shapiro, and follow-on investment from Norrsken Foundation, Lofty Inc Capital and Enza Capital.…
- African youth are today’s as well as future leaders, and African start-ups are brimming with young founders whose innovative and fresh solutions are daily transforming the continent for good. Or sometimes disruptive it for the better too.
The post 3 Reasons to Invest in Africa-based Start-ups…
- Ejara, a Cameroonian fintech startup has raised $8 million in Series A investment led by London-based venture capital firm Anthemis alongside crypto-focused fund Dragonfly Capital with follow-on investors from Mercy Corps Ventures, Coinshares Ventures and Lateral Capital and new investors such as…
- The Facility for Energy Inclusion (FEI), administered by Lion’s Head, has provided Solarise Africa with a $33.4 million facility, the largest C&I debt raise in Africa to date, to enable the company to strengthen its position in Kenya’s solar industry and expand throughout Africa. FEI will…
- Step 5. Review the Stages of Development Many ask how to create blockchain applications. We won’t place all the code here — who would like that? In case you’re interested, rest assured to contact us and will write a detailed guide with code samples. For now, briefly about stages. 1. Installation…
- Revio, a South African fintech startup that provides software-as-a-service (SaaS) businesses with subscription billing and payments, has secured US$1.1 million in a seed investment round led by SpeedInvest and joined by RaliCap Ventures, The Fund, and Two Culture Capital and several angel investors…
- Blockchain & cryptocurrencies have been a buzzword in the tech space, with over 1 trillion dollars in the volume of cryptocurrencies and an NFT that sold for about 68 million dollars. What Is Blockchain? Blockchain is a connection of blocks in a chain-like manner. It is correct but doesn’t make…
- Female-led Nigerian fintech startup, Pivo, has closed a $2 million seed round that included participation from Precursor Ventures, Vested World, Y Combinator, FoundersX, and Mercy Corp Ventures. Founded in July 2021 by Nkiru Amadi-Emina and Ijeoma Akwiwu, Pivo provides financial services – credit…
- The African music industry has grown in leaps and bounds over the past few years due to a variety of factors, including collaborations with local and international artists, music streaming, and social media. However, only a select number of artists are enjoying this success, and many talented…
- Djamo, an Ivorian fintech startup has just raised $14 million in funding from the famed accelerator, as well as from three lead investors — Enza Capital, Oikocredit and Partech Africa — and other participating investors, including Janngo Capital, P1 Ventures, Axian and Launch Africa. Founded by…
- Peter Maila will join FMO starting December 1st, the Dutch entrepreneurial development bank, as Co-Chief Investment Officer (Co-CIO). He will do so alongside current CIO Huib-Jan de Ruijter. Together they will be responsible for FMO’s investment activities whereby Peter will focus on Impact &…
- KaiOS Technologies, the developer of KaiOS, the leading mobile operating system for smart feature phones, which has previously been backed by strategic investors like Google and TCL, has picked up $3.4 million from Finnfund, an impact investor out of Finland. This investment will further strengthen…
- Camouflage? Definitely. Those imperfections must be covered, hidden, blotted out, etc. Acne, scars, discolorations, birthmarks et al; they all have to be sheathed because they hinder the path to perfection on a woman's face.
The post <strong>The GetFundedAfrica Poll Series: Why Women Wear…
- Ramani, a Tanzanian software-as-a-service (SaaS) startup, has received a $32 million Series A debt and equity round headed by Flexcap Ventures and Jared Schreiber, the founder and CEO of Infoscout, as well as undisclosed debt investors. The funds will be used to expand the startup’s network of…
- The beauty industry in Africa is still an unexplored market since there are several areas such as cosmetics, hair care, scents, skincare, and many more with growth potential. Because Africa is the second most populous continent in the world, the beauty industry is predicted to be worth £10 billion…
- Liquid C2, a business of Cassava Technologies, a pan-African technology group, opened the doors of its first Cyber Security Fusion Centre (CSFC) in Nairobi, Kenya, making this the second centre of its kind in Africa. “Kenyan businesses have seen increased digital adoption, and the country’s…
- Autochek, the automotive technology company making car ownership more accessible and affordable across Africa, has announced the launch of Autochek Financial Services, a new arm of the business that will focus on providing a range of vehicle financing solutions for consumers and businesses across…
- Social impact investment firm Goodwell Investments has launched its EUR150 million (US$154 million) uMunthu II fund, aimed at igniting the growth of inclusive businesses in the region. The firm provides early-stage equity to high growth, high impact businesses. With teams in Kenya, Nigeria, South…
- Paystack, the Nigerian-born fintech company acquired by Stripe, has secured a payment service provider license from the Central Bank of Kenya (CBK), enabling it to facilitate payments and optimise merchant experience for Kenyan businesses. This development follows the company’s expansion into Kenya…
- Nigerian fintech start-up Grey has raised $2 million in seed funding. This allows the business to further simplify sending and receiving foreign payments in African markets via free virtual, international bank accounts. “Grey was founded in 2021 to empower people to live a location-independent…
- Being a business mentor is a wonderful thing, and you are making the right decision by wanting to do it. However, to have the ideal mentoring experience, you should carefully consider what you want and clearly define your goals. As well as being rewarding, mentoring others can help you develop…
- As part of its annual Black Friday promotion, mass retailer Game becomes the first retailer of its kind in SA to join the metaverse – through a Game-branded Roblox game. The game, which is unlike anything consumers have seen from the retailer before, launches on 21 November, and will allow gamers…
- The Africa’s Business Heroes (ABH) Prize Competition, a philanthropic initiative sponsored by the Jack Ma Foundation and Alibaba Philanthropy, announced this year’s winners during a hybrid Grand Finale held in Johannesburg, South Africa that was live broadcasted to a global audience. Elia Timotheo…
- Many founders can relate to his words. Think of the fast pace of the start-up industry. The making-it-up-as-you-go system. The need to get better, grow bigger, impact wider, etc. All of these define the moments on the way down.
The post <strong>6 Key Roles in Every Start-up</strong>…
- Leta, a Kenyan B2B supply chain and logistics SaaS provider launched last year to optimize fleet management, is looking for growth opportunities in West Africa, even as it scales operations in its existing five markets. Leta’s proprietary route and load optimization technology is designed to boost…
- Microsoft and GetFundedAfrica hosted a first-of-its-kind corporate innovation enterprise and match-making event for startups and corporate organizations in Nigeria on the 16th of November 2022. It was an exclusive, invitation-only event aimed at encouraging cooperation and innovation between…
- Morocco-based edtech Smartprof, has received a $110,000 pre-seed investment from UM6P Ventures, Plug and Play, alongside other investment angels. Using the new funding, Smartprof intends to extend its footprint in Morocco and West Africa, and hire further developers to improve the product’s quality…
- When Uganda’s very first satellite was launched into space last week on Nov. 7, Bonny Omara, the lead engineer on the satellite development team, was filled with emotion. “I was watching it on TV, together with my Honourable Minister for Science, Technology and Innovation,” he says. “It was really…
- In this week’s Episode of GFA ROUND-UP, Nichole Manhire and Josephine discussed five African Startups that received Funding in recent times. They gave full details on the following: The amount of investment made The Location of each StartUp Their Business Model Future Prediction of the industry.…
