In 20 Sub-Saharan African nations, the Mastercard Foundation Fund for Resilience and Prosperity is looking for SMEs in the fields of digital economy, agriculture, and climate adaptation.
Benefits:
Grants ($500,000 – $2,500,000 USD)
Connections with investors and training
Gaining access to markets and developing capacity
Support for policy advocacy
Deadline for applications: November 22, 2024
Apply here.
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A $600,000 Seed round headed by Innlife investments has been raised by the foodtech firm Brotinni in Egypt. Dalia Abou Omar founded Brotinni, a website where customers may order hand-cut, farm-sourced, fresh meat and poultry that has been vacuum-sealed. Additionally, it offers ready-to-cook and flash-frozen items. It uses its own fleet of drivers to provide…
Written by Tage Kene-Okafor In Nigeria, there are more than 40 million micro-businesses underserved in some form or another regarding banking services. Although some of these businesses have registered bank accounts, gaps exist in how banks use the data available to serve the needs of each business. With banks, presenting a series of transactions as statements is all these…
Sympl, an Egyptian “buy now, pay later” (BNPL) startup, has raised a seed round of $6 million to support its nationwide expansion and reach the country’s 49 million bank card holders. Sympl, founded by Yasmine Henna, Mohamed El-Feky, and Karim Tawfik, launched its checkout platform in October through an exclusive partnership with leading Apple reseller…
Qurious Labs, an Egyptian Web3-focused venture studio, has raised money from Openner in an effort to support fearless businesspeople in the MENA area who are developing Web3 businesses that leverage blockchain, virtual currencies, NFTs, and games to explore the Metaverse. Qurious Labs is able to collaborate with Web3 creatives and engineers that have incredibly low…
OnePort 365, a Nigerian digital freight forwarding startup, has raised $5 million in early capital to accelerate Africa’s end-to-end digitalization of freight management and enable its expansion into new markets. Mobility 54 (the Venture Capital branch of Toyota Tsusho and CFAO Group) led the seed fundraising round, which included SBI Investment, Flexport, ODX, a Singaporean…
BasiGo, a Kenya-based electric vehicle startup, has raised $4.3 million in seed funding three months after establishing operations in East Africa’s largest economy to provide clean-energy mass transit vehicles in a country heavily reliant on fossil-fuel buses. The startup stated that it will use the new funding to establish an assembly plant in Nairobi as…
