BusinessDaily DigestFundingNews

Daily Digest Wed, Apr. 22, 2020

Introducing Co – investment deals in Africa

Global consulting firm, McKinsey says the total value of co-investment deals has grown to US$104 billion since 2012. Typical venture funds secure commitments from external investors (LPs), find portfolio companies to invest in and hire investment bankers to manage the fund. This funding method is not very common in Africa, however Future Africa Fund, an investment arm of Future Africa founded by Iyin Aboyeji, Chuba Ezekwesili, Olabinjo Adeniran and Adenike Sheriff in 2019 is testing the co-investment model. Read more

Funding in Southern Africa

Alexander Forbes divests insurance activity in Namibia

(Ecofin Agency) – Alexander Forbes Namibia Holdings (AF Namibia Holdings), 75% owned by the South African financial services group Alexander Forbes, announced it is selling all the shares it holds in its subsidiary Alexander Forbes Insurance Company Namibia (AFI Namibia). Read more……

Funding in West Africa

Kuda launches fund to combat COVID 19

Kuda, a Nigerian fintech startup has launched a COVID-19 fund to help buy and distribute food and other essentials to people badly affected by the economic impacts of the pandemic in Lagos. Read more…..

Funding in East Africa

Nairobi to the headquarters of M-Pesa after acquisition from Vodafone.

Nairobi is set to host the African headquarters of M-Pesa, putting the Kenyan capital at a vantage position to oversee penetration of the money transfer and payments platform across the continent. Read more…….

Funding in North Africa

Dirsuptech, the Egyptian fintech fund founded by Fawry’s former MD invests in Khazna & Brimore

Disruptech, the recently established Egypt-focused $25 million fintech fund founded by Fawry’s co-founder and former managing director Mohamed Okasha, and ‘leading finance guru’ Malek Sultan, has made its first two investments, it told MENAbytes today. Read more…..

Get Funded Africa is a technology-based, business information platform operated by Afriscaper Research & Consulting Limited with a mission to reduce barriers to funding for African businesses. GFA matches investor ready, African & African-Diaspora owned companies with global investors, leveraging market research, industry data and news aggregation

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If you would want to get in touch with our team to discuss about funding for your project or business. Send us an email – mary@getfundedafrica.com.

Nichole Manhire

Is the productive executive for the media department at GetFundedAfrica

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