Inspiring Africa's Sustainable Business Growth
EGYPT – Sanabil Investments, a wholly owned company by Public Investment Fund, has led a US$40 million Series A investment round in Classera, a global EdTech e-learning company focused on emerging markets. “Classera has developed and successfully deployed a platform that reaches millions of users and has grown to become one of the leading emerging market e-learning solution providers globally,”…
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KENYA – Holged, a leading private education provider in Tunisia and Morocco, has announced plans to expand to Kenya and other African countries. This is after securing funds from Africa50, a Pan-African infrastructure investment platform. The firm offers a K-12 education system, an American tutoring system that includes kindergarten and 12 years of basic education such as six years of…
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NORTH AFRICA – Canon Central and North Africa announced the launch of its revolutionary virtual film school called Canon Academy Video, aimed at providing filmmakers with a dynamic, interactive, and engaging educational platform. Canon is a provider of digital cameras, digital SLR cameras, inkjet printers & professional printers for business and home users With this first of its kind, newly…
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RWANDA – Carnegie Mellon University–Africa in Kigali, Rwanda, the only American campus on the entire continent, together with the Rwandan government and the MasterCard Foundation have announced a “transformational” US$275.7 million investment in the institution, and higher education development across Africa. According to a statement from the university, US$175 million of the foundation’s investment will go to expanding engineering and…
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MENA – Emonovo (previously MARJ3), an education technology platform in the MENA region, has secured an undisclosed bridge round from key angel investors in the US, Europe, and MENA, as well as a follow-up investment from Flat6Labs. Emonovo uses data and technology to connect young people in the region with the greatest majors and universities throughout the world. The participating…
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Fintech platform Anchor secures US$1m pre-seed investment Nigerian fintech firm offering banking as a service Anchor, has secured US$1 million in pre-seed investment. Byld Ventures, Y Combinator, Luno Expeditions, Niche Capital, Mountain Peak Capital, and angel investors like SeamlessHR CEO Emmanuel Okeleji support the BaaS fintech. The Y Combinator-backed business intends to utilise this funding to hire top people, upgrade…
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KENYA – The first cohort of 170 trainees has graduated from the Cyber Shujaa program run by the United States International University-Africa (USIU-Africa) in partnership with Kenya Bankers Association and Serianu Limited. The program is funded by the Challenge Fund for Youth Employment (CFYE) and it seeks to address existing gaps within the ICT and Cybersecurity sector in Africa. This…
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KENYA – Housing Finance Group (HFC), through its bancassurance intermediary, has partnered with Britam Holdings Plc, an investment holding company, to launch a convenient and flexible education policy dubbed Elimu. The product is set to enable parents to provide an uninterrupted quality education for their children with high returns, flexible terms, and guaranteed payouts. The education plan will be exclusively…
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KENYA – Kukua, a Nairobi-based educational entertainment startup, which is the creator of the cartoon superhero brand Super Sema, has raised US$6 million in a Series A round. The round was sponsored by Tencent Investments and Italy-based VC Alchimia. Other investors in the round include EchoVC, FirstMinute Capital, and Auxxo Female Catalyst. Kukua says the financing will help it continue…
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KENYA – Moringa School, an intensive tech education program, has received an investment from Proparco to support its expansion outside Kenya. Moringa has been training high school/university graduates to be software engineers and data scientists for the past 7 years in Kenya and has trained over 4,000 students with an employment rate of over 85%. The investment from Proparco will…
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