Daily Digest

Daily Digest Wednesday, 16 June 2021

Funding In Eastern Africa

Kenya e-commerce startup, Sky.Garden, bags $4mn in series A funding round

This adds to the initial $1.2 million seed round raised by Sky.Garden in 2018. An easy-to-use online marketplace allows informal traders and SMEs to establish businesses and sell their products. Read more

Uganda’s Fintech Startup, Ensibuuko, Secures US$1mn Seed funding round

The goal is to scale rural banking infrastructure and digital financial services to millions of customers in Sub-Saharan Africa, with Ensibuuko also gaining access to FCA Investments’ technical resources and a global network of partners. Read more

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PayWay Ethiopia secures a 6-figure grant from Li-Way

PayWay Ethiopia will create an agency network that should facilitate the payment across Addis Ababa, creating jobs in the process. Other implementing partners are Awash Bank, SNV Li-Way, and iceaddis. Read more

Funding In Western Africa

Senegalese Foodtech Startup, Mburu, Secures $450k From WIC Capital For Operational Expansion

Investment in Mburu is the fourth made by WIC Capital and involved the support of the General Delegation for Rapid Entrepreneurship of Women and Youth. Read more

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