AfDB $1bn fund for farmers 🌦️ | Mbay Mobility to launch 33,000 e-taxis 🚕

In today’s menu

🌦️ AfDB initiates $1 billion fund to shield 40 million African farmers from climate change impact
🚕 Mbay Mobility plans to launch 33,000 e-taxis in West Africa by 2033
🚙 Egypt-based autotech FriendyM, raises $2 million investment
👨🏻‍💻 Opportunities

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💰 FUNDING

🚙 Egypt-based autotech FriendyM, raises $2 million investment

FriendyM, an Egypt-based autotech company, has secured a $2 million investment to extend its car management and maintenance services across the Middle East and North Africa (MENA).

Founded in 2016 by Abdelrahman Elgamal, FriendyM offers, through its platform, several car services like maintenance, tracking car expenses, and concierge services, among others. The application, already also operational in countries such as Saudi Arabia and the United Arab Emirates, is set to transform the way Egyptians manage their cars and ensure optimal performance.

“FriendyM” aims to enroll 100,000 cars within its first year and extend its services across all governorates in the Arab Republic of Egypt.……read more

⚕️Tanzanian Health-tech startup Dawa Mkononi secures funding to enhance healthcare access. Dawa Mkononi, a B2B pharmaceutical firm based in Tanzania, has received funding to further its goal of increasing healthcare access throughout East Africa. The funding will advance the company’s mission to provide universal access to necessary medications…..read more

🎋 Nigeria’s Zebra CropBank attracts funding to bolster Africa’s small-scale farmers. Zebra CropBank, an agritech start-up based in Nigeria, has obtained significant funding to further its objective of improving the lives of small-scale farmers throughout Africa. The funding is aimed at expanding Zebra CropBank’s activities, predominantly via the deployment of solar-powered micro-warehouses and the reinforcement of its integrated trading platforms. This strategy will address problems often faced by small-scale farmers, such as inadequate storage facilities, weak market ties, and vulnerability to climate change….read more

Tenth Code Media Limited presents a 2-day training on New Product Development and Management Fundamentals

Embark on a transformative journey for the new year with a cutting-edge Product Development and Management Training! Elevate your skills and empower your team to thrive in the dynamic landscape of innovation.

Led by seasoned industry experts from Tenth Code Media Limited, this comprehensive program covers the latest methodologies, market trends, and strategic insights to propel your product initiatives to unprecedented heights.

🌦️ CLIMATE CHANGE

AfDB initiates $1 billion fund to shield 40 million African farmers from climate change impact

AfDB has initiated a $1 billion financial lifeline known as the African Climate Risk Insurance Facility for Adaptation (ACRIFA). With this initiative, over 40 million farmers will finally have access to insurance, a much-needed safety net. The $1 billion fund will be distributed in various forms – loans, high-risk capital, and grants – to cater to different farmers’ needs. Beyond securing livelihoods, ACRIFA boosts food security across the continent and potentially opens a lucrative avenue for the global insurance industry...…..read more

2023 - Top Investors in Africa

OTHER STORIES

• Mbay Mobility plans to launch 33,000 e-taxis in West Africa by 2033…read more

• Copilot Pro is launching today as a $20 monthly subscription that provides access to AI-powered features inside Office apps like Word, Excel, and PowerPoint alongside priority access to the latest OpenAI models and the ability to build your own Copilot GPT….read more

• Showmax, the streaming video-on-demand service under the MultiChoice umbrella, is set to redefine its offerings with the launch of Showmax 2.0 in February….read more

• Mastercard and Illicocash collaborate to open the e-commerce door in DRC using a virtual card scheme….read more

🚀 OPPORTUNITIES

• Safaricom, M-PESA Africa and Sumitomo Corporation calls for tech startups looking to join the Spark Accelerator program, which aims at accelerating early stage startups to grow and scale their businesses. Application deadline: 16 February 2024 . Click here to apply

• Norrsken22 invites African startups to apply for its $125k Accelerator Program. Interested entrepreneurs can apply here.

• Cohort 2 of the Visa Accelerator Program is now open for applications. Click here to apply. Application deadline: February 18, 2024

• CcHUB is currently accepting applications from EdTech companies interested in becoming members of its 2024 cohort. Click here to apply. Application Deadline: 17th February, 2024

• Application open for the MEST Training Program. The MEST Training Program is a one year, fully sponsored, graduate-level program in tech entrepreneurship. Click here to apply. Application Deadline: 18th March 2024