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Daily Digest Wednesday, 20 May 2020

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

This image has an empty alt attribute; its file name is Dr-Vincent-Nwani.jpeg

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

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