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Daily Digest Tuesday 18 August 2020

Funding In East Africa

Kenyan Digital HR Manager WorkPay Raises $2.1 Million Seed Capital to Drive Growth

Kenyan startup WorkPay, a digital human resource management (HRM) and payroll solution provider, has amassed $2.1 million in seed funding to accelerate its development. Read more

Kenya’s Savanna Circuit Tech Banks US$100,000 Grand Prize at Cisco Global Problem Solver Challenge 2020

Savanna Circuit Tech, an AgriTech startup that develops a solar chilling in-transit system for dairy farmers was awarded the grand prize of US$100,000 at the Cisco Global Problem Solver Challenge 2020. Read more

Funding In North Africa

Egypt: Etisalat Misr to inject $283mln in the telecom market in 2020

Etisalat Misr, a subsidiary of Emirati group Etisalat, says it will pump a total of EGP4.5 billion ($283 million) into the Egyptian telecom market throughout this year. Read More

Call For Entries And Other Web-Events

Write for Innovation: FITC Invites Young Africans to Participate in Essay Challenge

Tagged “Youth Connect Essay Challenge”, the Competition seeks to promote creative talents and spur innovative thinking among young people in Africa. It focuses on the theme, “Accelerating Growth and Development in Africa: The Role of Technology and Innovation”.  Read more

Agritech Startups In Kenya Can Get Up To $100k In Funding From FoodTech Africa’s New Accelerator Program

Kenyan women and youth in agribusiness are set to receive up to $100k each in funding to upscale their business, from FoodTech Africa, at a time when the coronavirus pandemic has slowed down the country’s economic activities with thousands being rendered jobless. 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

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.

Check out Yassine’s profile here

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