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Known as the International City of Peace and Justice, there are more than 160 NGOs in Den Haag working to make the world a better place. Next, I stumbled across the Dutch office of the InternationalFund for Animal Welfare (IFAW) and though they were not expecting me, they were very welcoming and a pleasure to spend time with.
million pre-seed funding in a round led by FoodLabs, a European early-stage VC investor and venture studio for food, sustainability and health. In the next few months, we will build some collection centers in all the major agricultural cities of Morocco. Terraa , a Moroccan B2B tech-enabled food distribution platform, has raised $1.5
Like many startups playing in the B2B e-commerce space across the continent, Chari digitizes the largely fragmented FMCG sector in Morocco and Tunisia. Once it gets operations right in Morocco, Chari plans to expand this BNPL service to Tunisia and other French-speaking countries in Africa. But Chari opted not to.
Last year, MaxAB , the food and grocery B2B e-commerce and distribution platform serving a network of traditional retailers across Egypt and Morocco, raised its $55 million Series A in two tranches ; the latter accompanied its acquisition of the Morocco-based and YC-backed WaysToCap. million orders within this timeframe.
But two months into 2020, the pandemic did an excellent job of lowering expectations as investment activities from local and international investors slowed down. What’s a record year of funding without some unicorns? International investors participated from pre-seed to Series E stages. It wasn’t a bad year, though.
“This is the largest batch we have ever funded and it’s about 50% international. Nigeria leads the way again with five startups, while Egypt has four, Morocco has two, and Kenya, Ghana, Zambia and South Africa each have one. Chari (Morocco). Freterium (Morocco). Amenli (Egypt).
The venture capital scene in Africa has consistently grown, with an influx of capital from local and international investors reaching unprecedented heights in recent years. Investments did pick up, and from July, VC funding on the continent had a bullish run until December. of the total African VC funding counted by Disrupt Africa.
million funding it has just secured. Mylerz growth funding round was led by Lorax Capital Partners, an Egypt-based private equity firm with participation from Fawry, one of the biggest e-payment companies in Egypt. Our immediate plan is expanding across Egypt, opening new markets and facilitating cross-border trade for our customers.
Within this timeline, he interned at several companies in Palo Alto, California. AfricInvest, through its Cathay AfricInvest Innovation Fund (CAIF) and French-based development finance institution Proparco, co-led the early-growth round. Yahya Bouhlel started coding in his early teens. This brings GOMYCODE’s total financing to $8.85
But before that, there was shared optimism that African startups would raise more VC funding last year than in 2021 when the continent, for the first time, passed the $4-5 billion threshold. Africa predicted to experience sustained funding slowdown in 2023 Most tech observers share Cuvelier’s thoughts on VC activity in Africa.
Freterium , a startup based in Morocco, is one such company providing this software, and it has raised $4 million in seed to scale across the country and into surrounding regions. . CDG Invest, Y Combinator, Flexport, Swiss Founders Fund, Outlierz Ventures, and a few angel investors from the U.S., Europe, Asia, and Africa participated.
Some of its international clients include Booking.com, Flywire and Uber. In March 2021, it was 290,000; now, 900,000 businesses globally use Flutterwave to process payments in 150 currencies and across different payment modes: local and international cards, mobile wallets, bank transfers and its consumer product Barter.
Couriers deliver goods using a combination of Fenix’s shared e-scooters and internal e-mopeds. Otherwise, the company is mainly relying on profits from its core micromobility business to fund these new business lines. Dhanoa says Fenix has raised more money that it hasn’t yet announced to help it scale and expand.
E-Mediat is funded by the Middle East Partnership Initiative (MEPI) of the United States Department of State with support and in-kind donations from Microsoft, Cisco and craigslist Charitable Fund. E-Mediat is working with more than 220 NGOs in Jordan, Lebanon, Morocco, Tunisia, and Yemen. Rami Al-Karmi, N2V Lab.
” The conference marked the end of an 18-month capacity building program that trained more than 220 NGOs in Jordan, Lebanon, Morocco and Tunisia on how to use social media effectively to advance civil society. The program accomplished the following: 220 organizations participated.
Just three years ago, negotiators from around the world converged on Marrakesh, Morocco, to hash out a final deal. Today, the Marrakesh Treaty has been ratified by more than thirty countries, and went into international effect and law as of last year. It was highly controversial. And, the U.S. Senate just ratified the Treaty!
A source tells us Founders Fund is also investing. The tech giant created a chatbot that some engineers are internally referring to as “Apple GPT,” but Apple has yet to determine a strategy for releasing the AI to consumers. Altogether the VCs have put in just over $300 million at a valuation of $27 billion to $29 billion.
Kavita Ramdas, President and CEO, Global Fund for Women. Kavita Ramdas is the President and CEO of the nonprofit, the Global Fund for Women. I think it's worth it (: Kavita Ramdas: The Global Fund for Women is the largest independent, publicly supported grant-making foundation to advance women's human rights internationally.
Morocco ‘s social security agency said troves of data were stolen from its systems in a cyberattack this week that resulted in personal information being leaked on the messaging app Telegram. Relations between Algeria and Morocco have recently deteriorated to historic lows. Sam Metz, Associated Press
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