This is Arbiterz funding news updates across Africa. It is a weekly news update on funding opportunities for entrepreneurs on the continent, in association with GetFunded Africa (GFA), a data and research firm helping medium and large companies in Africa to raise funds for growth & expansion.
This week, April 25th, 2020, funding news review:
- Venture firm Enygma launches fund for entrepreneurs building solutions for post-pandemic
Enygma has launched a ZAR20 million (US$1 million) fund to support African startups, entrepreneurs, and innovators that are building solutions for the post-pandemic world. The firm is partnering with Startup Circles, an online platform that helps entrepreneurs move from ideation to being investor-ready, to provide seed funding and scholarships to startups that are creating innovative solutions to address problems that may remain in a post-COVID-19 world. You can check out details here
- AFDB-SEFA managed fund grants $760K to set up renewable projects in Africa
The African Development Bank-managed Sustainable Energy Fund for Africa (SEFA), has approved a $760,000 grant to Empower New Energy AS (EmNEW), to develop at least eight small renewable energy projects with capacity ranging from1-10 MW, towards bankability and construction. Read more…
- Seedstars reveals $100m Africa fund has made the first investment
Emerging markets startup competition Seedstars‘ $100-million Africa fund has made its first investment, Seedstars co-founder Pierre-Alain Masson has revealed. Read more….
- Nigerian tech entrepreneurs crowd funding for COVID-19 relief
A host of Nigerian tech entrepreneurs have teamed up to crowdfund a COVID-19 relief fund to help Nigerians in financial difficulties as a result of the pandemic. Read more……
- Africa Netpreneur Prize Initiative (ANPI) is still searching for Africa’s business heroes 2020
This year the Jack Ma Foundation announced it officially launched the second edition of the “Africa’s Business Heroes” (ABH) prize competition with applications now open to African entrepreneurs from all 54 African countries, as well as every sector, age group, and gender. To apply, click here
- Nigerian media startup, Stears raises $600k seed to build Africa’s Bloomberg
Stears, a digital media and information startup, known for providing access to high-quality information in Nigeria. has raised a seed investment of $600,000. Read more….
- Reservoir Capital Corp finalizes acquisition of Olocorp Nigeria for $3million
Reservoir Capital Corp, which has energy assets in emerging markets, completed the acquisition of Olocorp Nigeria Ltd, a Nigerian-based company whose business is to acquire shares in North-South Power. Read more….
- Ugandan investtech startup XENO raises $150k pre-seed funding round
Ugandan online investment advisory startup XENO has raised a US$150,000 pre-seed funding round to power its continued growth. Read more…
- Kuda launches fund to combat COVID 19
Kuda, a Nigerian fintech startup has launched a COVID-19 fund to help buy and distribute food and other essentials to people badly affected by the economic impacts of the pandemic in Lagos. Read more…..
