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Daily Digest Friday, 29 May 2020

Funding In Africa

InspiraFarms closes Series B to roll out solar powered cold storage units across Africa

Expanding the cold chain across the African continent is both necessary and hard. A better network of cold storage facilities is necessary to drive down food waste and enable wider access to fresher produce. And it’s difficult due to high installation costs and all sorts of risks, most notably those surrounding intermittent electricity supplies and connectivity in rural areas. Read more

Carry1st Raises $2.5m Seed Funding To Create Unique Gaming Content and Expand User Base in Africa

The round which was led by CRE Venture Capital brings the startup’s total funding to about N1.56 billion ($4M). The company intends to use part of the funds raised to create more unique gaming content for its platform Read more

Funding In North Africa

NextProtein closes $11.2m Series A to scale up insect production in Tunisia

NextProtein, a French-Tunisian startup working on new ways to produce insect-based animal feed and fertilizer, has raised €10.2 million ($11.2 million) in Series A funding, the company disclosed According to AgFunder data, this is the largest early-stage agrifoodtech deal in Tunisia yet. Read more


African AgTech: Five Takeaways

Africa is home to roughly 17% of the world’s population and is the second most populace continent on earth; the UN estimates that Africa’s share of the world population may grow to as much as 25% by 2050. Read more

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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, Martin N. Chukwuezi who recently wrote an insightful article called ”The impact of Covid-19 pandemic on Oil and Gas Projects in Nigeria

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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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