Crowdfunding, incubators and accelerator news from our community and the ecosystem

Twiga Foods secures funding

IFC , TLcom Invest $10M in Twiga Foods

IFC , TLcom Invest $10M in Twiga Foods IFC, a member of the World Bank Group, TLcom, and the Global Agriculture and Food Security Program (GAFSP) have announced a $10 million investment in Twiga Foods, a Kenyan-based start-up connecting smallholder farmers in rural areas to informal retail vendors in cities.   The investment was co-led…

IFC Investment in MENA REGION

IFC Investments in MENA Hit New Record

IFC Investments in MENA Hit New Record IFC, a member of the World Bank Group, stepped up its investments in the Middle East and North Africa (MENA), committing a record $2 billion to support the region’s private sector, boost innovation, drive economic growth, and create jobs. According to a press statement , IFC provided over $1…

VC4A announces Series A Venture Showcase

VC4A announces Series A Venture Showcase

VC4A announces Series A Venture Showcase  VC4A  is calling for disruptive African scale-ups looking to raise between $250K and $5M. An exclusive Series A Venture Showcase will take place in Cape Town on November 12, 2018, as part of the annual Africa Early Stage Investor Summit. The 2017 event showcased 20 scale-ups as part of…

branch international

Branch International raises Sh350m plans to expand Kenyan services

Branch International raises Sh350m; plans to expand Kenyan services Branch International has announced a Sh350 million capital investment to further expand its services in Kenya. Branch International commercial paper issuance was arranged by Centum-owned capital-raising advisory firm, Barium Capital​. ​This marks the second time the San Francisco headquartered technology company has issued commercial paper in…

Twiga Foods secures funding

Twiga Foods secures $3 million from IFC

Twiga Foods secures $3 million from IFC funding The International Finance Corporation (IFC) is set to invest $3 million (Sh300 million) in Kenya’s mobile-based food delivery firm Twiga Foods as part of the company’s efforts to raise more than Sh700 million from multiple investors. This is according to Business Daily. However, Business Daily also reports…

International Development Design Summits

International Development Design Summits – Participants applications now open!

The Massachusetts Institute of Technology (MIT) D-Lab will be supporting three summits this year and applications are now open! International Development Design Summits Kenya is July 8 – 22nd and will bring together 36 participants from all over the world to co-create innovative, viable financial products and services that expand access in the low-income space. Find out how to apply.

DataHack4fi

Are you a tech Innovator? Do you Love Data? Register for Season 2 of DataHack4fi

We’re happy to announce that Season 2 of DataHack4FI is now open for registrations! DataHack4FI is Africa’s only competition that encourages finance, tech and data enthusiasts to collaborate in using data and analytics to solve business challenges and extend financial services to underserved communities. So if you’re a tech innovator or simply love data then we reccommend you keep reading.