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Daily Digest Monday 9 November 2020

Funding In Africa

African Trade Insurance Agency (ATI) Supports $67m Solar Plant In Malawi

Nkhotakota Solar Power Plant, backed by an international consortium, is expected to set a regional standard and considerably reduce the country’s energy deficit; This is the 2nd renewable energy project supported by ATI’s Regional Liquidity Support Facility (RLSF), designed to cover the late-payment risks of publicly owned power utilities. Read More

Funding In North Africa

Brantu, An Egyptian Fashion E-Commerce Platform Raises Series A Investment

Launched by Mohamed Rizk and Fredrik Granström last year, Brantu is an online business-to-consumer (B2C) marketplace selling clothing, bags, accessories and footwear. The startup was founded with the mission of connecting local and global fashion brands to Egyptian consumers.  Read More

Egypt Logistics Startup ILLA Receives $500 000 In Funding

Egypt-based logistics startup ILLA, has received a reported $500 000 in funding from Averroes VC, AUC Angels, and a group of local and regional strategic angel investors with follow-on funding from Flat6Labs Cairo. Read More

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Funding In Southern Africa

R26-million Investment Raised For Stellenbosch University Spinout Companies

Innovus, Stellenbosch University’s (SU) technology transfer team, has announced five new spinout companies that launched during the Covid-19 lockdown. The tech transfer team raised an investment of R26-million for SU spinout companies that are currently operating virtually. Read More

Opinion Corner

Five Things Entrepreneurs Should Know Before Approaching A VC For Funding [Opinion]

One of the biggest mistakes entrepreneurs make is assuming that all VCs are the same. But a firm that primarily invests in eCommerce startups might not be interested in your agri-tech venture. Read More

Call For Applications & Other Web-Events

Nigerian Startups Apply For Startup North East Virtual Incubation Programme

The Startup North-East Virtual Incubation Programme, designed to assist Nigerian entrepreneurs in building their technology-based startup that solves challenges associated with aid distribution and data management in North East Nigeria has opened for applications. 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

Guest Contribution, GFA Attract & Application Portal For Funding

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Guest Contribution: Disruptive Digital Solutions Is Rewiring The DNA Of Banking

Imagine a bank whose customers can tap on a wearable device to make a payment, regularly receive updates on changes they could make to their investment portfolio through AI-generated insights. Read more

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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One thing I always tell myself and made my philosophy is to admit when I need help and I always find somebody to help. It’s crucial to admit it when you are wrong and never make the same mistake again.

— Nkemdilim Begho, Future Software Resources Limited, Nigeria.

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