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GFA Daily Digest Monday, 1 February 2021

Latest News

Knife Capital Establishes Another 12J Venture Capital Fund

Titled KNF Ventures II, it maintains the same investment mandate as the first fund and aims to accelerate the growth of local startups and SMEs and to generate returns for entrepreneurial-focused investors. Read more

Google Expands Kenya’s Accelerator Program, Donates $5m To Startups

Also on the table is a new $10 million ( KES 11 billion) grant package from the company which includes $3 million to support small businesses, $5 million for Kenyan startups and $2 million for charity. Read more

South Africa Has Opened A New Local Tourism Equity Fund worth R1.2-billion

Valued at R1.2-billion, the fund will offer debt finance and grant funding towards large capital investment projects in the local tourism industry. Read more


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Opinion Corner

The role of technology in unlocking trade value in East Africa

The latest data – and the region’s continued focus on transforming its key industries, sectors and infrastructure through technology – is giving me hope that the economic outlook is brightening. Read more

Even in the face of immense challenges, Africa has real opportunities for investors

According to the World Bank, the pandemic and its associated lockdowns saw the continent experience its first recession in 25 years. Read more

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