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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ROYBI INC, LING Project collaborate to provide schools with educational robot

GHANA – ROYBI INC, the creator of ROYBI Robot for children, and LING Project have entered into a collaboration agreement to provide educational robot and other resources to selected schools in Ghana. LING Project (Literacy In Northern Ghana) is a non-profit organization with a philosophy that is anchored on producing critical generational thinkers and problem solvers. ROYBI’s technology and lessons are non-discriminatory in terms of gender, race, and social status. ROYBI is able to decolonize learning and expose underserved kids to sophisticated AI technology and educational resources. These children have…

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E-learning startup Classes.ng launches marketplace for educational classes

NIGERIA – Classes.ng, an online search engine & marketplace for both physical & online classes, courses and training programs, has launched its free and open marketplace for classes. In the marketplace, tutorial centres, freelance tutors, schools, universities, training institutions and online institutions can list courses and programmes that are instantly available for registrations and enquiries. “Unlike conventional on-demand tutoring platforms like Tuteria and PrepClass, we do not provide the training and we do not take commissions on bookings,” co-founder Daniel Osi. “It’s a totally free and open marketplace and we…

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GIZ, Endure Capital, Changelabs launch programme for first-time VC funds

EGYPT – GIZ Egypt, in partnership with Endure Capital and Changelabs, has launched the “VC University” programme, targeting first-time venture capital (VC) funds. GIZ works in Egypt on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ). Endure Capital is an early-stage investment fund headed by entrepreneurs looking for startup teams. Changelabs offers a unique way to get students, youth, communities, and businesses to launch transformational impact-centered business in the 21st century. The year-long programme, which is expected to trigger €100 million (US$120 million) worth of investments,…

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Rwanda to host Coventry University Group Africa hub

RWANDA – Public research university Coventry University Group of England, is to open a new overseas hub in Rwanda to support its links in Sub-Saharan Africa and help extend its corporate functions across the world. The hub will open in Kigali to coincide with the Commonwealth Heads of Government Meeting in the capital in June 2021. The move is part of the university’s plan to develop a sustainable network of multi-faceted overseas offices whose ambition is to have a presence near to its stakeholders in key regions and follows the…

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