KILIMO FRESH WINS $50,000 EQUITY INVESTMENT AT MEST AFRICA CHALLENGE VIRTUAL FINALS
Tanzanian start-up Kilimo Fresh, a digital distributor of fresh produce to hotels, restaurants, supermarkets, institutions, wholesalers, and export markets has been named the winner of the MEST Africa Challenge, winning US$50,000 in equity investment.
Start-ups from Ethiopia, Kenya, Ivory Coast, Rwanda, Ghana, Tanzania, Senegal, Nigeria and South Africa were selected to take part in the MEST Africa Challenge, run by Pan-African training programme, seed fund, incubator, and hub MEST Africa.
After two months of amazing pitches from Africa’s best tech startups, and an intense finale, it’s official. The winner of the 2020 #MESTAfricaChallenge, $50,000 in funding and a spot in one of @MESTAfrica‘s incubators is @kilimo_fresh.
Congratulations and welcome to @MESTAfrica pic.twitter.com/i4bpDXCFxD— MEST Africa (@MESTAfrica) August 12, 2020
The challenge, which last year had three winners, offered the winning company US$50,000 in equity investment, plus access to Microsoft support, coaching, and a continent-wide network of start-up hubs.
After a virtual pitch event held today on August 12th, Tanzania’s Kilimo Fresh was named the winner. The start-up is developing digital farming solutions, and will now benefit from MEST support and funding.
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In this episode of GFA-Attract, GetFundedAfrica’s Co-Founder, Debo Omololu discusses with Yassine Oussaifi, a Tunis-based Venture Capital Partner at AfricInvest Group. AfricInvest has $1.5 billion in funds under management and is one of Africa’s largest venture capital firms. Yassine loves water sports and basketball and tries to relax at beach locations.