BusinessDaily DigestFundingNews

Daily Digest Wednesday, 22 July 2020

Funding In Africa

African Development Bank set to join landmark $20 billion Mozambique LNG financing

The African Development Bank has concluded its bid to co-finance the construction of Mozambique’s integrated Liquefied Natural Gas (LNG) plant by signing a senior loan of $400 million for the transformational project. Read more

Funding In Southern Africa

Giraffe secures funding from Unicef innovation fund

Founded in 2015, Giraffe is a South African mobile job matching platform that aims to reduce unemployment in emerging markets by enabling job seekers to easily create CV via cellphone for free. In addition, the platform allows users to connect with relevant job opportunities available in their area. Read more

VALR raises R57-million to advance cryptocurrency adoption

The Series A equity round of funding was led by 100x Ventures, (the investment arm of 100x Group who are behind cryptocurrency derivatives trading platform BitMEX), with participation from 4DiCapital, and FNB CEO Michael Jordan and US-based company Bittrex. Read more

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Call For Applications & Other Events

Inviting African Startups for the NINJA Business Plan Competition in Response to COVID19

The Japan International Cooperation Agency (JICA) that coordinates official development assistance for the Japanese government in developing countries, has announced the launch of the NINJA Business Plan Competition for businesses emerging during the COVID-19 outbreak. NINJA is short for Next Innovation with Japan. 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

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Entrepreneurs and businessmen alike have a crucial and pivotal role in the unemployment and collective required economic output crisis in Africa. Securing investment and funding to facilitate growth and economic impetus thus lies heavily in the minds of businessmen. The challenges of creating the right business plan, a realistic budget to gain traction and identifying adequate potential investors can sometimes be such a daunting process, and creates an avenue to be blindsided without proper guidance, representation or advice. Read more

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