Funding
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MedPharma secures $50,000 as a beneficiary of the Investing in Innovation Africa programme
The Ghana-based health-tech company, MedPharama, has been selected as a beneficiary of the pan-African business support initiative Investing in Innovation (i3). Founded by Stephen Yaw Asamoah in 2016, MedPharma is a tech-health social impact enterprise seeking to improve the health status of patients across Africa. Medpharma provides e-consultation, e-prescription, delivery of medicines and medical equipment,
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$10.4 million to complete farmers in Africa.
Complete Farmer has closed a $10.4 million pre-Series A funding round to transform farming practices in Africa by developing critical technical and physical infrastructure. The funding round consists of $7 million in equity and $3.4 million in debt. The Acumen Resilient Agriculture Fund and Alitheia Capital (via its uMunthu II Fund in partnership with Goodwell
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Richard Quaye Foundation supports 10 entrepreneurs with grant capital of GHS 250,000.
As part of his birthday celebration, the Chief Executive Officer of Quick Angels, Richard Nii Armah Quaye, supported ten entrepreneurs with a seed capital of GHS25,000 each to boost the growth of their businesses. The companies were selected from a pool of 1,200 applicants. The finalist comes from various industries, including technology, the Chief, recycling,
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MEST Express Accelerator provides grants to 7 startups to further their growth and increase their impact
In partnership with the Mastercard Foundation, MEST has awarded grant funding to seven startups that participated in the MEST Express Accelerator program. Last year, the accelerator successfully ran three cohorts across Accra and Kumasi with 30 startups. From this batch, seven startups were awarded grant funding of $57,000 to support their growth plans. Source: MEST
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Impact Investing Ghana to set up a fund-of-funds investment vehicle to unlock $75 million in local and international funding
Impact Investing Ghana has begun operationalising its innovative Ci-Gaba Fund of Funds, which seeks to unlock $75 million in local and international funding for local capital providers investing in Small and Medium Enterprises to advance Sustainable Development Goals. The private sector-led fund of funds, the first domiciled in Ghana, will invest locally and across West
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RISA Fund and Impact Investing Ghana team up to scale sustainable systems for research and innovation financing
To strengthen Ghana’s sustainable research and innovation ecosystem, the RISA Fund has announced its second partnership phase with Impact Investing Ghana. The project began in January 2023 and aims to scale up the infrastructure established in Phase I and increase funding, skills, and knowledge of key players in Ghana’s research and innovation sector. The project’s
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Google awards $30k grant to Dr. Stephen Moore to advance AI natural language processing research in Africa
Dr. Stephen Moore, a lecturer at the Department of Mathematics of the University of Cape Coast, has been awarded a $30,000 research grant by Google. The grant will further research in Artificial Intelligence, particularly in natural language processing (NLP) for low-resource languages in Ghana and Africa. NLP is a branch of AI that deals with
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Legendary Foods grabs $15,000 as runner up of the AgriPitch Competition – Women-led Businesses Category
Legendary Foods emerged as the first runner-up of the 2022 African Development Bank-backed AgriPitch Competition in the fiercely contested Women-led businesses category. The company was awarded a cash prize of $15,000. Legendary Foods delivers the nutrition of meat at the price and sustainability of plants using insect agriculture made into delicious products. Led by Shobhita
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Samaritan Angels launches a GH¢ 10 million initiative to accelerate the growth of SMEs
Samaritan Angels, an entrepreneurship-focused social enterprise, has launched a GH¢ 10 million initiative dubbed “I AM INVESTIBLE” to support Small and Growing Businesses (SGBs) in Ghana. The company aims to accelerate the growth of businesses and create jobs by providing access to funding, business advisory services and technical support. Beneficiaries will have access to up
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Spatial Labs, a web3 infrastructure and hardware company, closes $10M seed round
Spatial Labs, a web3 infrastructure and hardware company, has secured a $10 million seed funding round led by Blockchain Capital and with participation from Marcy Venture Partners, co-founded by Jay-Z. The company, founded in 2021 by the Ghanaian-American venture builder, Iddris Sandu, aims to create products and shopping experiences through augmented reality. Last year, Spatial