Funding In East Africa
Rwandan food distribution company GET IT clinches investment from US investor VestedWorld
According to a report by Africa Private Equity News, GET IT is one of the largest distributors of fresh produce and dry goods in Rwanda and the East Africa region, supplying most of the leading hotels and restaurants. Read more
Funding In North Africa
Egypt’s Furniture Startup Drowzy Secures Six-figure Funding From UAE Angel Investor
A ‘strategic’ angel investor from the United Arab Emirates has made a six-figure investment in Cairo-based direct-to-consumer (D2) furniture and home accessories startup Drowzy, the startup said in a statement without disclosing the exact size of investment. Read more
Morocco’s Central Guarantee Fund (CCG) Sets Up Exceptional Additional Financing In Support Of Startups
In order to assist startups in this difficult time, the Caisse Centrale de Garantie (CCG), which manages the Innov Invest fund, has set up exceptional additional financing for the benefit of startups. Read more
Funding In West Africa
The Gambia, Sierra Leone, Liberia and Ghana Receives Grants for Covid-19
As the spread of Covid-19 across Africa grows, there are concerns that the continent may suffer great economic losses unless interventions aimed at mitigating impacts of the pandemic are launched across the board. Read more
With $328 million funding, Nigeria approves Internet fibre extension to Northern Nigeria
The project, tagged the National Information Communications Technology Infrastructure Backbone, NICTIB II, aims to improve broadband infrastructure in the Northern parts of Nigeria. Read more
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Emerging Opportunities In Growth Sectors Amid Covid-19 Crises
With the Covid-19 pandemic pushing the global economy (Nigeria inclusive) to record decline, creativity and innovation in goods and services have become very imperative and necessary, perhaps the competitive advantage factor. Opportunities for productivity and economic optimization abound in sectors like healthcare, agriculture and food, manufacturing, ICT amongst others. Read more
