South African edtech HyperionDev raises US$3.54m for expansion into new markets

SOUTH AFRICA – Education technology specialist HyperionDev has secured more than US$3.54 million in funding, some through private investments and some through public crowdfunding. The fundraising round, which took place in March 2021, will help the company, which runs coding bootcamps, to expand into new markets, including the UK and the US. The edtech will also provide US$247,836 in scholarships for students in need. “This combined funding strategy attracted over 1,500 investors from more than 20 countries, culminating in one of the largest-ever edtech series-A fundraises in Africa,” the company…

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Transport startup eMushrif acquires Cairo-based EdTech startup Tareeqi

EGYPT – Tareeqi, a startup with an application used to track the bus fleets of schools, universities and institutions in the MENA region, has been acquired by eMushrif, an Oman-based startup specialising in digital transport tracking systems. Founded by Alfarouk Saleh and Mohamed Monier in 2018, Tareeqi aims to solve the problems that face millions of people daily and will now be managing the expansion of eMushrif in the Egyptian market. Saleh said he was excited about the deal since eMushrif tries to solve the same problems as Tareeqi. “Both…

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Sahara Foundation launches its inaugural program to promote capacity building among youths

NIGERIA – Sahara Foundation, a corporate citizenship vehicle of energy conglomerate Sahara Group, has launched its inaugural Sahara Regenerator Technical Program (STRP) to promote capacity building among youths in Edo, Lagos and Rivers. STRP will give beneficiaries a platform to develop technical skills in the installation and maintenance of meter and solar systems to enhance energy access, combat climate change and promote economic development in Nigeria. Sahara Foundation will partner with leading African academy, the Energy Training Centre (ETC) and the Renewable Energy Association of Nigeria (REAN) to implement STRP.…

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Edtech platform iSchool raises US$160,000 in investment from EdVentures

EGYPT – iSchool, an edtech platform providing the latest educational technology for young students, has raised US$160,000 in investment from EdVentures, the venture capital (VC) arm of Egypt’s Nahdet Misr Publishing Group. According to a statement, the startup plans to use the investment to develop an online platform to widen its edtech services in Egypt and expand to other MENA countries. “In our ever-changing world, it is quite crucial to equip our youth with different skills and knowledge enabling them to become innovators,” said Dalia Ibrahim, CEO, and Founder of…

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Nexford University completes US$10.8m Pre-Series A funding round led by Global Ventures

NIGERIA – Nexford University, a next-generation online university based in Washington D.C. and with offices in Nigeria, has announced the successful completion of a US$10.8 million Pre-Series A funding round led by Global Ventures, the UAE-based venture capital firm. Participating investors included Future Africa’s new thematic fund focused on education, which is led by Iyinoluwa Aboyeji, the co-founder of Flutterwave and Andela, plus angel investors, family offices and VCs from 10 countries including the US, UK, France, Dubai, Switzerland, Qatar, Nigeria, Egypt and Saudi Arabia. The global investor base reflects…

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Ed tech firms join forces to raise STEAM as they focus on the growth of Nigerian economy

NIGERIA – Education Technology firms in Nigeria have joined forces to raise the bar of Science, Technology, Engineering, Art and Math (STEAM) education in the country to enhance multi sectoral development. The firms, 9ijakids, Edufun Technik and STEM-METS which believe in catching them young assembled over 1300 children between ages 7 to 13, both within and outside the country to engage them in practical and theory lessons on STEAM subjects, tagged ‘Children’s Day STEAM Fun Fest’. According to the organisers, the initiative was thought of given the significance of STEAM…

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E-learning platform Almentor secures US$6.5m funding round led by Partech

MENA – Almentor.net, a leading video e-learning platform in the MENA region, has secured US$6.5 million in a funding round led by Partech with participation from Sawari Ventures, Egypt Ventures, and Sango Capital. According to reports, the recent raise of funding brings the total financing that the company has garnered since its inception to a total of US$14.5 million. Cyril Collon, General Partner at Partech attributes their investment into the startup to its unique business model and offering. “We are very proud to lead this latest round of financing. Since…

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China to provide US$130m to Ghana for development of Technical universities and institutions

GHANA – The government of Ghana has secured US$130 million facility from China to upgrade five technical universities and 10 technical institutions in the country. The facility, under the Ghana-China project, a joint initiative, between the government and China aimed at enhancing vocational training by growing talent for industries through the establishment of advanced training. Under the project, the beneficiary institutions would see an upgrade in the construction of State-of-the-Art training workshops for mechanical, automobile, civil and welding engineering, among others. Madam Justina Owusu-Banahene, the Bono Regional Minister, who disclosed…

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University of Maiduguri secures US$2.45m from ASR Africa for development purposes

NIGERIA – The Abdul Samad Rabiu Africa Initiative (ASR Africa) has provided a N1 billion (US$2.45m) grant to the University of Maiduguri (UNIMAID) towards the development of a Centre for Innovation and Product Development at the institution’s Entrepreneurship and Enterprise Development (UM-CEED) Complex. The intervention was ASR Africa’s first cohort of Tertiary Education Grants Scheme. According to a statement, that the announcement was made during the presentation of the grant award by ASR Africa to the University management in Maiduguri. Speaking at the presentation, Aliyu Idi Hong, who represented the…

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French educational group Open Sky International launches in Egypt

EGYPT – The French Paris based educational group Open Sky International has announced the opening of its first school in Cairo offering bilingual (FR/ENG) education, in addition to teaching Arabic to a high standard. With the full support of the Egyptian Ministry of Education and the French Embassy in Egypt, the group’s first school in Egypt will welcome 180 pre-school and primary school children as of September 2021, with plans to open 10 additional schools in Egypt by 2025. Open Sky International (OSI) made the announcement during an event to…

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