SA SME Fund, TIA partner to invest in three venture capital funds

SA SME Fund, TIA partner to invest in three venture capital funds

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SOUTH AFRICA – The South African Small and Medium Enterprises Fund (SA SME Fund) and the government’s Technology Innovation Agency (TIA) announced a partnership in the national system of innovation, a public-private partnership, to co-invest R350 million (US$23.6m) across three venture capital…

Seven startups announced as winners of Pitch AgriHack competition

Seven startups announced as winners of Pitch AgriHack competition

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GHANA – Pitch AgriHack, a competition organised by CTA to help young agricultural entrepreneurs build viable businesses and boost innovation for a more sustainable agricultural sector have announced its winners. Seven young agricultural entrepreneurs, including four women, were awarded today a combined…

Agritech start-up Lentera to hold fundraising for expansion of solutions to farmers

Agritech start-up Lentera to hold fundraising for expansion of solutions to farmers

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KENYA – Lentera, a Kenyan Agri-tech startup, is raising a US$560,000 funding round to build out crop-specific versions of its climate smart solutions for African farmers. Lentera started as a soil health and crop nutrition company, formulating and manufacturing a range of…

Labat Africa enters cannabis market, secures trading licence in Lesotho

Labat Africa enters cannabis market, secures trading licence in Lesotho

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SOUTH AFRICA – South Africa’s investment group Labat Africa is set diversify into the booming multi-billion dollar cannabis industry. This is after it acquired a trading license to cultivate, manufacture, supply, hold, import, export and transit cannabis in the Kingdom of Lesotho….

AlphaCode injects US$1.5m into three fintech start-ups

AlphaCode injects US$1.5m into three fintech start-ups

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SOUTH AFRICA – AlphaCode, Rand Merchant Investment Holdings incubation, acceleration and investment vehicle has awarded US$1.54 million supplier development loans to three fintech start-ups. According to IOL Business Report, the three start-ups are Zande Africa, Bright On Capital and Livestock Wealth. Head…