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

Tony Elumelu Foundation to open applications for the 2020 TEF Entrepreneurship Programme Jan 1

The Tony Elumelu Foundation(TEF) —Africa’s leading philanthropy dedicated to empowering African entrepreneurs—will begin accepting applications for the 2020 cohort of the TEF Entrepreneurship Programme, on January 1, 2020. Applications are made through TEFConnect, the digital networking hub for the African entrepreneurship ecosystem, created by the Foundation. The TEF Entrepreneurship Programme …

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Seed grant of R50k among prizes on offer at YEEP Africa Ideas & Pitch Challenge bootcamp

The Youth Enterprise Exchange Programme (YEEP) Africa’s YEEP Ideas & Pitch Challenge bootcamp kicks off this Friday (29 November) in Johannesburg. One aspiring entrepreneur stands the chance to take home a R50 000 seed grant. The challenge is organised in partnership with the UN Association of South Africa (UNA_SA), University …

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When African Women are Financially Included, an Entire Continent Wins

The Global Gender Summit, hosted by the African Development Bank (AfDB), and which is currently taking place from Nov. 25 to 27 in Rwanda’s capital, Kigali. Credit: Plasir Muzogeye/IPS by Emmanuel Hitimana (kigali)Tuesday, November 26, 2019Inter Press Service KIGALI, Nov 26 (IPS) – When Rwandan-born and Senegalese-raised entrepreneur and businesswoman …

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AfDB launches funding scheme for women

The 2019 Global Gender Summit, held for the first time on the African continent kicked off with the heavy focus on closing the gender gap. The African Development Bank (AfDB) launched an initiative officially on Monday to bridge the 42-billion-U.S.-dollar financing gap facing women entrepreneurs in Africa. The initiative, dubbed Affirmative …

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A female-led venture capital fund focused on African women founders nears its €60 million target

The number of women founders and co-founders in Africa is on the rise, according to research by Venture Capital for Africa (VC4A), an online community for startups. In 2019 that number was still just at 18%, or fewer than one in five—but it’s still better than in supposedly more “advanced” …

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Two Egyptian start-ups Won $215,000 out of Africa Netpreneur Initiative’s $1 Million Cash Prize

(MENAFN – Daily News Egypt) Omar Sakr, founder and CEO of Nawah-Scientific pocketed $150,000 cash prize during the grand final event ‘Africa’s Business Heroes’, hosted by Jack Ma Foundation held Saturday in Accra, Ghana. The Africa Netpreneur Prize Initiative is Jack Ma’s flagship entrepreneur programme in Africa led by the …

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WEDF 2019 Young Social Entrepreneurs pitching competition: Winner announced

Siyabuddy beat off competition from social start-ups from Cameroon, Ethiopia and Guinea to take the grand prize of $5,000 in seed funding provided by the International Trade Centre. The World Export Development Forum 2019 was organized in partnership with Impact Hub Geneva’s Accelerate2030 programme, IceAddis, the Pierre Castel Foundation and …

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Billionaire encourages Africa’s young entrepreneurs with cash prize

Jack Ma, founder of China’s Internet giant Alibaba, says his foundation has dedicated a support package to young entrepreneurs across the African continent. The Jack Ma Foundation gave a total cash prize of one million dollars (Sh100 million) to support the enterprises of 10 young African entrepreneurs during the maiden …

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Chinese investors back $120m funding in Africa-focused fintech startup OPay Read more at: https://www.dealstreetasia.com/stories/opay-meituan-dianping-gaorong-capital-163164/

Africa-focused fintech startup OPay has secured $120 million in a Series B round of financing mainly from Chinese investors. Meituan-Dianping, and its investment fund DragonBall Capital, Gaorong Capital, Source Code Capital, SoftBank Ventures Asia, Bertelsmann Asia Investments (BAI), Redpoint China, IDG Capital, Sequoia Capital China, and GSR Ventures poured money …

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