BusinessDaily DigestFundingNews

Daily Digest Tuesday, 28 April 2020

Working from home safely and securely: Cyber security

The coronavirus disease 2019 (COVID-19) has changed nearly every aspect of our daily lives, including how we shop, socialize, exercise and work. With more people working from home now than at any other time in recent history, cybersecurity threats are increasing. The GFA team will play their part in keeping you safe. Read more

Funding in North Africa

Alex Angels launches ~$6 million early-stage fund to back Egyptian startups

Alexandria Angels (more commonly known as Alex Angels), the angel network from Egypt, has launched Alex Angels Fund, a $6.3 million (EGP 100 million) fund to invest in Egyptian startups, it announced today in a statement. Read more

Egyptian food-tech startup Mumm raises pre-Series A funding from Alex Angels

Egyptian food-tech startup Mumm has closed a pre-Series A bridge funding round from Alexandria Angels to maintain its growth during and beyond the COVID-19 crisis. Read more…

Funding in West Africa

Nigerian fintech Okra nets $1m investment from TLcom

Nigerian fintech platform Okra has secured a $1-million pre-seed investment from Nairobi and London based venture capital (VC) firm TLcom Capital.Read more….

Funding in Africa

MPower raises $430k to expand its off-grid energy solutions in Africa

MPower, a Switzerland-based tech4impact venture tackling the challenges of energy access and financial inclusion in Africa has raised $430,000) via British crowdfunding platform Crowdcube to help it upgrade its software, scale-up operations in its current markets and launch into three new markets by the end of the year. Read more…..

Call for Applications

The GSMA Innovation Fund for Mobile Internet Adoption and Digital Inclusion is now open.

Are you a start-up or SME in Sub-Saharan Africa or Asia? Are you helping people get online for the first time using mobile internet?

You could be eligible to apply for an equity-free grant of between £100,000 and £250,000 to scale your innovation over a 15- to 18-month period. 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 –

Nichole Manhire

Is the media and brand manager at GFA News. She works very closely with editors and podcasters that contribute to telling the African business success story. For marketing and advertising send Nichole an email:

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