Daily Digest Tuesday, 6 October 2020

Four South African Business Incubators That Support SMEs
The Innovation Hub (TIH) has worked to support new and innovative digital businesses through their business incubators. Through these incubators, TIH has provided a business mentorship, opportunities for seed funding, commercialisation, and market access for participating startups and SMEs. Read more
Funding In Southern Africa
SA SME, Lumkani Wins Prestigious Humanitarian Award And €1-million
South African SME, Lumkani, has taken top honours in the EIC Horizon Prize for Affordable High-Tech for Humanitarian Aid and has received a whopping €1 000 000 in prize money. Read More
Sasol To Sell Part Of Lake Charles Business To LyondellBasell For $2bn
Chemicals and energy group Sasol has entered into a $2billion agreement to sell part of its Lake Charles business in Louisiana in United States to multinational chemicals group LyondellBasell. Read More
Funding In North Africa
Egyptian Private Equity Fund LCP Fund II Raises US$140m In Funding Round Led By EIB
LCP FUND II COÖPERATIEF U.A., a generalist private equity fund targeting primarily growth capital investments in SMEs and mid-market companies in Egypt, has raised US$140 million at the first closing of its investment round. Read More
Call For Entries & Other Web-Events
Webinar: How Big Deals Get Done
This Friday, October 9th, for the 9th episode of “Building in Africa”, we are interviewing Isis Nyong’o Madison, CEO of BlissGroup, a pan-African omnichannel e-commerce and community platform for parenting content and baby care products Book Your Spot Here
Top Startup Web Events In South Africa This Week
The events this week will surely be able to entrepreneurs new insight on not only how to begin their startup but also how to make their business grow from strength to strength. See More Here
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
GFA Attract, GFA Weekly Recap & Application Portal For Funding
GFA Weekly Round- up Podcast
In this week’s weekly round up podcast, Nichole discussed about the funding activity between September 28- October 2
Listen Here
GFA Attract Interview
Victor Boyle-Komolafe, the co-founder of Garbage In, Value Out (GIVO), a system that automates and digitises the collection, processing, and sale of recyclable materials. Watch Here
Apply For Funding
GetFundedAfrica provides equity capital from $1,000 to $50,000.
For larger amounts (Above $50,000)
we organize syndicated funding rounds of up to $500,000.
Apply Here
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“Entrepreneurs have to learn the power of networking and the value of mentorship, as these are the things that most entrepreneurs take for granted. And also they must know that opportunities will not come to them; they have to go out there and create them by knocking on corporate doors with proposals. Personally, I am where I am because of a business mentor who changed the way I see things.”
– Anda Maqanda, founder of AM Group in South Africa