MTN $450m for women entrepreneurs 🙍🏽‍♀️| MDaaS $3m raise 💰

In today’s menu 🥘

🙍🏽‍♀️ MTN Foundation Unveils N450 Million ‘Yellopreneur’ Initiative – Empowering Women Entrepreneurs
💰 MDaaS Global Secures $3 Million in Pre-Series A Funding to Expand Healthcare Network and Technology Platform
💵 French VC firm, Ring Capital, launches impact investment Fund Ring Africa
☁️ Liquid C2 Teams Up with Google Cloud and Anthropic for Enhanced Digital Security and AI Capabilities in Africa

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🙍🏽‍♀️ WOMEN ENTREPRENEURSHIP

MTN Foundation Unveils N450 Million ‘Yellopreneur’ Initiative – Empowering Women Entrepreneurs

MTN Foundation, the Corporate Social Responsibility arm of MTN Nigeria, has officially opened applications for the second phase of its impactful ‘Yellopreneur’ initiative. This initiative aims to provide N450 million in loans to support female entrepreneurs across Nigeria. The Executive Director of MTN Foundation, Mrs Odunayo Sanya, made the announcement during a press briefing held at the MTN head office in Lagos on Tuesday.

In this phase of the program, MTN Foundation plans to invest a substantial sum of N600 million, with N450 million allocated as loans for 150 selected female entrepreneurs. Each successful applicant will receive N3 million to bolster their businesses. Mrs Sanya emphasized the Foundation’s commitment to fostering women’s development and reducing unemployment through strategic initiatives like ‘Yellopreneur.’……continue reading

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💰 FUNDING

MDaaS Global Secures $3 Million in Pre-Series A Funding to Expand Healthcare Network and Technology Platform

Nigerian health tech startup, MDaaS Global, has successfully raised $3 million in pre-Series A funding, marking a significant milestone in its mission to enhance healthcare services across Nigeria. The round, co-led by Aruwa Capital Management and follow-on investor Newtown Partners, with additional support from Ventures Platform, brings MDaaS Global’s total investment to $6.8 million.

The latest funding injection will be instrumental in further developing MDaaS Global’s proprietary technology platform, BeaconOS, introduced last year. The startup, founded in 2017, operates a network of tech-enabled diagnostic centers throughout Nigeria. The goal is to extend this healthcare network to cover all 36 states in Nigeria, employing a combination of company-owned and affiliate clinics..…..continue reading

Eisai Invests in South African Health Tech Firm RecoMed to Enhance Digital Patient Healthcare Journey

RecoMed, a South African health technology firm, has successfully procured an undisclosed amount of funding from Eisai, a Japanese pharmaceutical company. According to an official statement issued, this round of financing is the largest RecoMed has received thus far.

RecoMed functions as an online healthcare marketplace and booking platform. It serves as a connecting bridge between healthcare practitioners, patients, and other key players in the healthcare sector. The company reportedly handles over 100,000 bookings every month…….continue reading

💵 INVESTMENTS

French VC firm, Ring Capital, launches impact investment Fund Ring Africa

French VC firm, Ring Capital, recently announced the establishment of Ring Africa, an impact investment fund targeting French-speaking West African startups. The fund, which will invest in pre-seed to Series A stages, aims to support firms with a pronounced social and environmental agenda.

Ring Africa hopes to raise €50 million to back startups that address Africa’s climate change issues, help formalize the region’s economy, and enhance agricultural productivity. The fund will collaborate with Mstudio to navigate this region’s complex investment landscape while efforts to assemble a local investment team in Abidjan are already in progress..…..continue reading

☁️ CLOUD TECHNOLOGY

Liquid C2 Teams Up with Google Cloud and Anthropic for Enhanced Digital Security and AI Capabilities in Africa

In a move set to boost African businesses’ digital activities, Cassava Technologies’ Liquid C2 has embarked on collaborations with two global tech juggernauts – Google Cloud and Anthropic, a company specializing in artificial intelligence (AI). This strategic partnership leverages Google Cloud’s and Anthropic’s tech sophistications, promising to take cloud and cyber security solutions as well as generative AI (gen AI) applications to a new level on the African continent.....…..continue reading

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