Daily Digest Friday, 28 August 2020

Latest News
Dr. Akinwumi Adesina re-elected as President of the African Development Bank Group
The election took place on the final day of the 2020 Annual Meetings of the African Development Bank Group, which was held virtually for the first time in the Bank’s history. Read more
Funding In Africa
SparkMeter Closes $12M in Series A Financing
The round was led by Clean Energy Ventures and Breakthrough Energy Ventures, alongside Goodwell Investments, in partnership with Alitheia Capital, Total Energy Ventures, and other notable investors. Read more
Funding In East Africa
Kenya’s Safaricom Spark Fund Launches A New $4.9 Million Fund For Local Startups.
In 2020, Safaricom allocated an additional $5 million to the fund to invest up to $500, 000 into tech-enabled start-ups that are strategically aligned with Safaricom’s purpose. Read more
Call For Applications & Other Web- Events
“Building in Africa”- Webinar
This Friday, August 28th, for the 8th episode of “Building in Africa” Techcabal is interviewing, Carina Rumberger, CEO, Beyonic. It’s the second in their series of interviews about exits and acquisitions in African tech titled How big deals get done. Read more