What Happened To Ghana's Electronic Tolling System
Garage Mobility Gets Into Y Combinator, AfricInvest Completes Final Close of Pan-African Venture Fund and Sudanese fintech Bloom raises $6.5M
What’s happened this Week:
Cassava Technologies Announces $50m Strategic Investment From C5 Capital
Garage Mobility Accepted To Y Combinator Summer Batch 2022
Sudanese fintech Bloom nabs $6.5M, backed by Y Combinator, GFC and Visa
and more!
Hey! We’re officially on Substack!
You maybe have gotten an email earlier this week (We made a mistake when testing 🤷🏽♂️). So yeah, we’ve officially switched our newsletter provider to Substack. We wanted to have more features and the ability to have more control of the content we posted in our newsletter and Substack was a good option. We can now put in polls (see below!) and images.
On to the news for the week:
In The News This Week
Mara, the Pan-African blockchain platform, is announcing the launch of the “Hack The Mara” competition which will take place from 17th-26th of September 2022.
Cassava Technologies Announces $50m Strategic Investment From C5 Capital
Cassava Technologies (Cassava) Africa’s first integrated tech company of continental scale, announced today that it has secured a US$50 million investment from C5 Capital (C5), a specialist venture capital firm that invests in cyber security, space, and energy security.
Afri-Plastics Challenge Awards £750,000 to Innovations Tackling Behaviour Change To Plastic Usage
Fifteen (15) teams of innovators from across Sub-Saharan Africa have been named finalists in the Afri-Plastics Challenge with solutions that will change both the behaviour of individuals and communities around plastic waste in Sub-Saharan Africa.
AfricInvest and Cathay Innovation Complete Final Close of €110M Pan-African Venture Fund
AfricInvest, a leading multi-asset investment platform in Africa, and global venture capital firm Cathay Innovation, have completed the final close of their joint Pan-African Venture fund, Cathay AfricInvest Innovation Fund [CAIF], at €110M.
Garage Mobility Accepted To Y Combinator Summer Batch 2022
Garage Mobility, a Ghanaian startup that is a wholesale auto parts distributor in Africa, has been accepted into Y Combinator Summer 2022 batch out of 146 companies, globally.
Featured Articles
Building Africa’s E-Commerce Ecosystem
Before the COVID-19 pandemic, e-commerce was often considered a luxury, providing simplicity and convenience to customers who could afford it. However, the pandemic has shown where that belief fell apart. COVID-19 made it abundantly evident that consumers can acquire better prices, a wider range of products, and time savings through e-commerce
What Happened To Ghana’s Electronic Tolling System?
In 2009, the Government of Ghana had plans to start digitising its road tolls to improve revenue and efficiency.
In 2022, there is no system in place and road tolls have been abolished. So what happened in the previous years?
Africa Ecosystem Funding Activity
Sudanese fintech Bloom nabs $6.5M, backed by Y Combinator, GFC and Visa - Techcrunch
Moroccan startup Aza Petrolsolutions raises US$296,000) in funding from the Maroc Numeric Fund II to help it expand - Disrupt Africa
Catalyst Fund secures US$3.5 million investment from specialist development agency FSD Africa to anchor its presence in Africa, and scale its work as a leading accelerator and pre-seed impact fund - Disrupt Africa