Daily Digest Tuesday 25 August 2020

Latest News

24th August 2020 – GetFundedAfrica Ventures, a social venture on a mission to uplift people and economies in Africa through entrepreneurship, is pleased to announce that it has started accepting applications for equity capital funding from startups across Africa. Read more

Funding In Southern Africa

SA’s billionaire Patrice Motsepe eyes 25% stake in Sanlam Investment

Indeed, Ubuntu-Botho Investments, which is the parent company of Africa Rainbow Capital is already a 14.13% shareholder of Sanlam. Read more

Funding In West & East Africa

German NGO Enpact Launches New Funding Program, To Invest Up To $10,000 Each In Startups In Ghana And Kenya

Enpact has launched a funding program dubbed the Empowering Entrepreneurship Initiative that supports young, innovative businesses with a curated combination of mentoring, workshops, network building and funding. Read more

Ugandan arm of Ciel Healthcare receives $6.5 million from shareholders, including IFC

The Ugandan hospital will also receive $2.5 million from Proparco, Kibo Capital and Ciel Limited, and other shareholders of its parent company. Read more

Funding In North Africa

Startups Without Borders and Facebook partner to help entrepreneurs on the move in MENA

Startups Without Borders, a global platform for refugee and migrant entrepreneurs, has partnered with Facebook to launch ‘Boost with Facebook’ – a training programme to support 1550 entrepreneurs and business owners on the move to recover from the economic downturn of the COVID-19 pandemic. Read more

Funding In Other Developing Countries

Edtech startup Geek Express raises $520K Pre-Series A funding

Geek Express, an Edtech startup based in Beirut and Dubai has successfully closed a $520K Pre-Series A round from National Talents, IM capital, Lebanese angel investor, and DHV partners. This new round brings the total investment raised by the startup to $860K after an angel round closed in early 2019. Read more

GetFundedAfrica’s mission is to uplift people and economies in Africa through entrepreneurship; helping companies find funding, grow, create jobs and solve society’s greatest challenges

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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