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News & Updates of Funding, Investment Sources and Opportunities in Africa and Beyond

EU to facilitate financing for small businesses in Africa and the European Neighbourhood

The European Commission makes available €4.2 million under the External Investment Plan to help banks in Africa and the European Neighbourhood to better assist underfinanced sectors such as small businesses, including young entrepreneurs and women. Commissioner for International Cooperation and Development, Neven Mimica, is signing this support agreement today in …

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Ivanka Trump Visits Ethiopia, Promoting a White House Global Economic Program for Women

(ADDIS ABABA, Ethiopia) — Far from the din of Washington, Ivanka Trump toured businesses run by women in Ethiopia on Sunday while promoting a White House global economic program for women. President Donald Trump’s daughter and senior adviser visited a coffee shop and textile company in Addis Ababa. It was …

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Dakar Network Angels launches, makes Coliba its first investment

Dakar Network Angels (DNA) has launched to back tech startups in Francophone Africa, and made Ivory Coast waste collection and management startup Coliba its first portfolio company. Dakar Network Angels is an angel investing group comprised of 31 members across four continents, who are either investment professionals or industry experts willing …

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Bill & Melinda Gates Foundation awards Nigeria’s Medsaf, SA’s Iyeza Health with $10k each

Nigerian startup Medsaf and SA startup Iyeza Health have received $10 000 from the Bill & Melinda Gates Foundation after winning the foundation’s Malaria and Vaccine Delivery challenges, respectively. The prizes were handed out at the sixth Seedstars Summit held last Friday (6 April) in Lausanne, Switzerland. Seedstars is a Swiss organisation that assists tech startups in …

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Tony Elumelu Foundation Announces the African Entrepreneurs Who Partake in Its Entrepreneurship Program

The Tony Elumelu Foundation (TEF) has just announced African entrepreneurs who will join its entrepreneurship program. There are 3,050 entrepreneurs who are selected the fifth cohort of the Tony Elumelu Foundation Entrepreneurship Program. On this edition, there were a total of 216,000 applicants submitted to the TEF Entrepreneurship Program. Compared to last …

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South Africa’s President Supports Small Businesses Through a $95 Million Funding

TechInAfrica – South Africa’s President, Cyril Ramaphosa, supports the growth of small businesses through a $95 million funding. The capital fund is invested in Small and Medium Scale Enterprises (SMEs) and startups that are based and operated across the nation. The SME Fund is a part of the CEO Initiative setting …

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