Funding In West Africa
IFC invests $100 million in Zenith Bank to support SMEs amid COVID-19
International Finance Corporation (IFC), a member of the World Bank Group, today announced an investment of up to $100 million in Nigeria’s Zenith Bank Plc to help it increase support to clients and companies whose cash flows have been disrupted by challenges caused by the COVID-19 pandemic. Read more
Nigerian e-health startup First Medtrade launches online medical market
Nigerian e-health tech startup First Medtrade has launched its online medical market to supply essential medical consumables to hospitals and other health facilities across Nigeria. Read more
Funding In East Africa
How Tanzanian agri-tech startup East Africa Fruits plans to scale after $3.1m Series A round
Tanzanian agri-tech startup East Africa Fruits hopes to with more than 10,000 farmers and 15,000 businesses, and expand into new verticals, after raising US$3.1m Series A funding last month. Read more
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Call For Applications
Africa Netpreneur Prize teams up with Ashesi, Dalberg, Janngo, RiseUp, ALU for 2020 Pitch
The Jack Ma Foundation’s Africa Netpreneur Prize Initiative (ANPI) has teamed up with the African Leadership Group, Ashesi, Dalberg, Janngo, and RiseUp as its anchor partners for the second edition of Africa’s Business Heroes prize competition (ABH). 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“
GFA’s must read weekend feature entitled Making Finance Work For Agriculture in Africa [Part 1] highlights Agriculture as a Wealth Creator in Africa, and explains how Unlocking Agriculture Value Chains could affect African economies. Read more
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