- 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…
- GetFundedAfrica hosted its first cohort incubation program for 2023 called the harmattan cohort. However, there will be other cohort programs within the year. It was a virtual orientation meeting, aimed at providing all the prospective startups in the harmattan cohort for 2023 with the organization…
- Egypt-based fintech Hollydesk, an expense management platform has raised $1 million in venture debt financing from unknown investors to help small and medium-sized businesses (SMBs) in the country manage and track their daily expenses. The funding will be used to expand Hollydesk’s offerings and…
- Cellulant has appointed Ibrahim Gbolahan Aminu as General Manager for Cellulant in Nigeria to manage and oversee the day-to-day operations and provide leadership as Cellulant expands coverage for Tingg, Cellulant’s Digital Payments platform, across Nigeria. Ibrahim is a business manager with…
- JP Morgan, America’s and the world’s largest bank by market capitalization which is headquartered in New York, now has a regional office in Nairobi, Kenya. This move further underscores the African ambitions of the American banking giant as it is now present in Nigeria, Egypt, South Africa, and…
- Dr. Jaishree Naidoo was in charge of pediatric radiology at a South African hospital in 2014 when she had a moment of epiphany after coming across a news story on the usage of AI recognition patterns in distinguishing animals. As a radiologist with 20 years of experience, Naidoo was already…
- Abler Nordic, is the new name of the Nordic Microfinance Initiative, a public-private partnership investing in companies in Sub-Saharan Africa and Asia supporting low-income households with financial services. The new name was launched locally at an event in Nairobi on February 21 by Managing…
- MSI, a world leader in gaming, content creation, business & productivity, and AIoT solutions in over 120 countries has partnered with Egypt’s fintech ‘Fawry’ to facilitate payment for businesses and consumers. Through this partnership, ‘MSI’ aims to provide exclusively discounted business…
- South Africa is set to host the first Africa Digital Finance Summit from the 24th to the 26th of May 2023 at the Sandston convention centre. The three-day event is themed: “The Future of Finance in Africa: Ourpathway to a new Africa.” The Summit will incorporate a thought-leadership conference…
- A female-focused accelerator program is a start-up accelerator that specifically targets and supports female entrepreneurs and their ventures. It provides resources, mentorship, and networking opportunities to help female entrepreneurs grow and scale their businesses. The aim of such programs is…
- GetFundedAfrica in collaboration with Build Ventures Africa is pleased to announce the “Peo Investment Readiness Program”. The Peo Investment Readiness Program is designed to help develop the startup ecosystem in Botswana from the ground up. This provides a venture development platform for the…
- Starlink, the satellite-based internet company founded by billionaire Elon Musk, has begun its operations in Rwanda. It was launched at Kigali Convention Center (KCC) on February 22. According to reports, the hardware is initially planned to cost Rwf572,000, increasing the total cost of the package…
- The AfricaGoGreen Fund (AGGF) has closed its second fundraising round at $47 million from the International Finance Corporation (IFC), the African Development Bank (AfDB), the Nordic Development Fund (NDF), and the Sustainable Energy Fund for Africa (SEFA) The funding will enable AGGF to finance…
- Planet42 to use funds for South Africa and Mexico Expansion Rent-to-buy firm said the Mexican market similar to South Africa Naspers Ltd., an early investor in China’s Tencent and still its largest shareholder, is backing rent-to-buy car firm Planet42 in a $100 million debt and equity fund-raising…
- Dillali, the innovative financial record-keeping platform, today announced the successful completion of a bridge round of funding. The round was supported by investors: Raw Ventures, Lemonade Stand, and DF Syndicate. This new investment will help Dillali expand its technical team and partner with…
- The HR payroll market across the world is expected to record a compound annual growth rate (CAGR) of 9.2% reaching a $14.31 billion valuation by the close of this decade, buoyed by the increased demand for payroll and other HR solutions. In emerging markets, the growing awareness of HR payroll tech…
- Innovation and capital are two essential factors that play a critical role in driving economic growth and development in Africa. The continent has immense potential, and with the right investments in innovation, Africa can achieve its full potential and become a global economic powerhouse. Africa…
- Know Your Customer (KYC) technology and Consumer Analytics company, QoreID has announced the appointment of Diana Aba Yorke as its new Country Manager in Ghana. Diana brings a wealth of experience and knowledge to her new role having worked in various industries including financial services,…
- Flance, an employee benefits company serving Africa’s gig economy, has announced a collaboration with leading ride-hailing platform Bolt that provides Bolt drivers in Nigeria with access to discounted healthcare plans. Through this collaboration, Bolt driver-partners can take advantage of Flance’s…
- The Baobab Network, a Nairobi-based accelerator that invests in early-stage tech companies across Africa, has announced its latest cohort of five investees, each of which secures US$50,000 in funding. The Baobab Network has been accelerating startups with capacity building and fundraising since…