BusinessDaily DigestFundingNews

Daily Digest Wednesday, 7 October 2020

Funding In Africa

Africa’s Mobile industry contribution to GDP to expand to US$184Bn by 2024- GSMA

The GSMA further noted that that as of 2019, 477 million people in Sub-Saharan Africa subscribed to mobile services, accounting for 45% of the population. Read more

Funding In South Africa

Axia Corporation up its stake in automotive spares distributor Transerv

The acquisition, effective January 1, 2020 was done through the group’s wholly owned subsidiary domiciled in Mauritius, Excalibur Mauritius Limited for a purchase consideration of US$900,000. Read more

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Funding In East Africa

Kenya’s Mabati Rolling Mills commissions new manufacturing plant

MRM’s SAFBUILD brings to the market a new way of building quality steel framed buildings using their custom designed Proprietary Software. Read more

Funding In West Africa

Dangote Sugar lists additional shares in Nigerian Bourse

The additional shares were necessitated by the recent merger between the sugar refinery with Savannah Sugar Company Limited and was in line with the resolution passed at a Court-Ordered meeting of members of Dangote Sugar Refinery Plc in July. 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

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

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For larger amounts (Above $50,000)
we organize syndicated funding rounds of up to $500,000.
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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

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