Funding In West Africa
Niger’s govt sets $250mln credit line to support affected businesses
The government of Niger has initiated a financing mechanism to give a helping hand to businesses affected by the coronavirus pandemic. According to authorities, the strategy is based on two lines: one for SMEs (CFA50 billion) and the second for large companies (CFA100 billion), for a total amount of CFA150 billion ($249.6 million). Read more
Funding In Southern Africa
South Africa: Pharmaceutical group Dis-Chem bids $23mln for Baby City
South Africa’s pharmaceutical group Dis-Chem announced it has entered in talks to buy the baby care product retailer Baby City. The group, co-founded in 1978 by Ivan and Lynette Saltzman, proposes to pay R430 million ($23.2 million) for the acquisition. Read more
Funding In North Africa
Tunisia Aims To Support Startups With €66.9 Million Loan Agreement
Tunisia is arguably one of the Africa’s most startup-friendly governments, Tunisia is giving its small and medium enterprises (SMEs) a helping hand with its new approval of a loan agreement from the International Bank for Reconstruction and Development (IBRD). Read more
Egyptian Distance Learning Platform “ALACADEMIA” Launches With EGP 6 Million Seed Capital
As Egypt witnessed a huge wave of digital transformation, Alacademia.com (The Academy) for distance education has been officially launched with $2m of investments, the company announced. Read more
Call For Applications
[Apply] Southern African start-ups have 2weeks to apply for SAIS’s Boost Up 2020 Training
BOOST UP is a three-part startup support programme organised by the Connected Hubs network and the Southern Africa Innovation Support Programme (SAIS 2) in Botswana, Namibia, South Africa, Tanzania, and Zambia. Read more
“GetFundedAfrica 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“
Introducing our latest feature writer, Dr. Vincent Nwani who recently wrote an insightful article called ” BOOSTING FOOD SECURITY IN NIGERIA THROUGH INVESTMENT IN POULTRY PRODUCTION“
If you would like to raise funding for your next big business or project in Africa send us an email on mary@getfundedafrica.com
