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Daily Digest Wednesday, 29 July 2020

Funding In East Africa

Rwandan food distribution company GET IT clinches investment from US investor VestedWorld

According to a report by Africa Private Equity News, GET IT is one of the largest distributors of fresh produce and dry goods in Rwanda and the East Africa region, supplying most of the leading hotels and restaurants. Read more

Funding In North Africa

Egypt’s Furniture Startup Drowzy Secures Six-figure Funding From UAE Angel Investor

A ‘strategic’ angel investor from the United Arab Emirates has made a six-figure investment in Cairo-based direct-to-consumer (D2) furniture and home accessories startup Drowzy, the startup said in a statement without disclosing the exact size of investment. Read more

Morocco’s Central Guarantee Fund (CCG) Sets Up Exceptional Additional Financing In Support Of Startups

In order to assist startups in this difficult time, the Caisse Centrale de Garantie (CCG), which manages the Innov Invest fund, has set up exceptional additional financing for the benefit of startups. Read more

Funding In West Africa

The Gambia, Sierra Leone, Liberia and Ghana Receives Grants for Covid-19

As the spread of Covid-19 across Africa grows, there are concerns that the continent may suffer great economic losses unless interventions aimed at mitigating impacts of the pandemic are launched across the board. Read more

With $328 million funding, Nigeria approves Internet fibre extension to Northern Nigeria

The project, tagged the National Information Communications Technology Infrastructure Backbone, NICTIB II, aims to improve broadband infrastructure in the Northern parts of Nigeria. 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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Emerging Opportunities In Growth Sectors Amid Covid-19 Crises

With the Covid-19 pandemic pushing the global economy (Nigeria inclusive) to record decline, creativity and innovation in goods and services have become very imperative and necessary, perhaps the competitive advantage factor. Opportunities for productivity and economic optimization abound in sectors like healthcare, agriculture and food, manufacturing, ICT amongst others. Read more

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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