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Pangea to unlock diaspora remittances as funding source for African startups

TechCrunch

Remittances from abroad reached $45 billion in 2021, with Nigeria, Ghana, Kenya, Senegal and Zimbabwe leading the list of recipient countries. Norway’s Pangea Trust, through its equity crowdfunding platform Connect , is unlocking diaspora remittance inflows as funding source for early and growth-stage startups in Africa.

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Seedstars launches second fund to invest in 100 startups in emerging markets

TechCrunch

One of the things that makes SIV II unique is that it has a blended finance structure with facility provided by IFC, one its LPs. That means if SIV II makes an investment in an IDA country like Senegal and the company doesn’t do well, a portion of the investment will be covered through the structure.

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Jumia expects losses not to exceed $100M this year, per Q3 financials

TechCrunch

These early signs of success can be seen in markets like Senegal and Ghana, where the electronics and phones categories grew the fastest in GMV in Q2 2023. Many markets are already well structured, and consumers have a big demand to buy and pay in installments.

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How African startups raised venture capital in 2022

TechCrunch

Outside the top four countries, startups from Ghana, Algeria, Tunisia and Senegal raised the most equity funding. Partech: Nigeria represented 23% of African tech’s total equity funding. South Africa takes the second spot with 17%, Egypt at third at 16%, and Kenya at 15%. Kenya is a close second with $1.1

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Artivist Film Festival & Awards

Have Fun - Do Good

Youth Network My country was at war for 36 years and community structures and resources have been destroyed. And I'd see Shape of Water/Diana's Story/Tibetan Nun's Project on November 12 at 3:45 PM, tix $12. DIANA'S STORY (0:06) Dir - Listen Up! While a gang can protect you, it's all too easy to get hurt.

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Nigerian fintech Appzone raises $10M for expansion and proprietary technology

TechCrunch

However , they seem to be doing quite well compared with traditional banks that face challenges like legacy cost structures and a major lack of operational efficiency. Other countries with a presence include the Democratic Republic of Congo, Ghana, Gambia, Guinea, Tanzania and Senegal. Appzone is a fintech software provider.

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Cameroonian crypto and savings platform Ejara raises $8M, led by Anthemis and Dragonfly

TechCrunch

Last October, it had 8,000 users from Cameroon, its first market and others including Ivory Coast, Burkina Faso, Mali, Guinea, and Senegal. And given the way they are structured, they mainly target high-net-worth individuals and institutions like other banks or insurance companies,” she commented.