Today's top entrepreneurship and business stories (23 August)
Facebook partners with She Leads Africa in support of female African entrepreneurs, Zoona raises $15 million in Series B funding round, and more
Facebook partners with She Leads Africa in support of female African entrepreneurs
Facebook is supporting and sponsoring She Leads Africa, an African enterprise and women’s business-focused movement, to help ensure female entrepreneurs and professionals across the world unlock their full potential.
She Leads Africa’s successful bootcamp programme, SheHive, was held in London from August 18th-21st 2016. The four-day event took place at Facebook HQ in London and featured some of the city’s leading African and diaspora entrepreneurs and business women, who shared insight and advice, as well as lead workshops on building business skills for the future.
She Leads Africa has built a global community of more than 100,000 members across Africa and the diaspora in just two years.
"Facebook is where African consumers connect with African entrepreneurs, with millions of people across the continent using our platform to communicate with small businesses each month," said Akua Gyekye, Public Policy Manager for Africa at Facebook. "Over 60 million businesses are using Facebook to help grow their business and connect with customers. While many of the owners and founders are African women, there should be more. That’s why we are delighted to support She Leads Africa as it enables young African women to connect, learn and share in a supportive and inspirational environment."
Zoona raises $15 million in Series B funding round
African financial technology company Zoona has successfully raised $15-million dollars (R200-million) in a second round of financing.
This Series B round is led by the International Finance Corporation (IFC), a member of the World Bank Group, and will help Zoona scale up its operations as it aims to reach 10 markets and 30 million active consumers across Africa by 2020.
First round investors Accion, a global nonprofit and pioneer in the field of financial inclusion, and Omidyar Network, an impact investment firm started by eBay founder Pierre Omidyar, reaffirmed their commitment to Zoona by more than doubling their respective investments during the Series B round.
The Lundin Foundation, a foundation that provides capital to high potential businesses to create wealth and alleviate poverty, also increased its investment in Zoona during this round.
The round also includes investment from 4Di Capital, a venture capital firm based in South Africa’s “Silicon Cape”, headed up by entrepreneur, investor and Zoona non-executive director Justin Stanford.(IT-Online)
Winner of Seedstars World Accra announced
Chalkboard Education won the Accra round of Seedstars World and will represent the country at the Seedstars Summit in Switzerland to compete for up to USD 1 million in equity investment.
Accra, Ghana, August 21th, 2016 - Seedstars World, the global seed-stage startup competition for emerging markets and fast-growing startup scenes brought its Ghana round to a successful close during Seedstars Accra. The event took place this Sunday in Impact Hub Accra , where 9 selected startups were invited to present their ideas in front of the local and injury panel.
The local winner, Chalkboard education offers plug-and-play mobile learning solutions that work on any device and without an Internet connection.
"If I judge by last years winners i think the global summit in Switzerland is going to be life changing. Last year’s winners Asoriba had an amazing year and we hope to be able to do the same with the help of the Seedstars platform," explains Adrien Bouilloit, founder and CEO of Chalkboard Education.
As a part of the prize, Chalkboard Education will be participating at Seedstars Summit, taking place in Switzerland in March 2017, a weeklong training program with the opportunity to meet the other 60 winners, as well as investors and mentors from around the world. Traditionally, the final day of the Summit will be dedicated to pitching in front of audience of 1000 attendees, with the possibility of winning up to the USD 1 million equity investment.