Daily Digest Thursday, 7 May 2020
Funding in Southern Africa
Money transfer group Mukuru acquires fintech Zoona’s assets in Malawi
Mukuru, one of the largest international money operators and remittance companies in Africa, has confirmed that it has acquired Zoona’s operational assets in Malawi along with the technology systems that support its Malawian operations. Read more…
Black entrepreneurs stand a chance to win R500k in TechAccel Programme
Johannesburg’s Tshimologong Precinct and IBM have opened applications for their three-month long TechAccel Programme, which aims to assist black tech entrepreneurs. The startup with the winning idea can take home R500 000 in investment. Read more
Funding In West Africa
TIA enters into co-investing agreements with Dazzle, Jozi Angels
The Department of Science and Technology’s Technology Innovation Agency (TIA) has agreed to work with and offer matching funds with two local angel investors, Jozi Angels and Dazzle Angels (SA’s first female-focused angel group). Read more…..
Nigerian Fintech Company Interswitch And Workers Co-Raise $782k For Its COVID-19 Response Fund
At a time when startups and businesses across Africa are considering laying off their staff strength, Nigerian leading financial technology company, Interswitch together with its workers have raised N305 million ($782k) towards the organisation’s COVID-19 response effort. Read more…
Where to invest in Africa in the face of COVID-19: Botho Emerging Markets Group
Back in January, Africa’s economic outlook for the year was bright. African Development Bank projections predicted 3.9% growth in 2020 and 4.1% in 2021. But then, coronavirus upended the global economy. Read more..
What influences angel and VC investments during a pandemic?
From thinking up an idea to making it a business, the entrepreneurial journey is one which is both interesting and challenging. Interesting because there are no set-in-stone guidelines that ensure success, hence, the freedom to explore and take risks while also avoiding mistakes. Read more
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Introducing our latest feature writer, Abiodun Oshodi who recently wrote an insightful article called ” Engineering Opportunities In West Africa – An Overview.”
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