Ghana Innovation Journal
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Tendo acquires Shopa to deepen its reach in the informal retail sector.
Tendo, the leading social commerce platform has acquired Shopa, the B2B e-commerce platform to deepens its reach in the informal retail sector. The deal, structured as a combination of cash and stock, is set to redefine the supply chain landscape in Africa. Tendo will leverage Shopa’s large network of offline distributors, predominantly in the fast-moving
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Ashesi University’s Endowment Fund sets the pace with investment in Janngo Capital.
In a groundbreaking move, Ashesi University’s Endowment Fund has invested in Janngo Capital, a pan-African venture capital firm. The university will become the first academic institution in Ghana to invest from its endowment into a venture capital fund, setting a precedent for academic institutions in the sub-region to explore new asset classes. This bold decision
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Naa Sika selected for Luxembourg’s Catapult Inclusion Africa Programme.
Naa Sika, the e-Micro Bank for the unbanked, has been chosen to participate in the prestigious Catapult Inclusion Africa Programme. This one-week bootcamp aims to empower startups driving financial innovation with a focus on environmental impact and inclusivity. Organized by the Luxembourg House of Financial Technology, the program offers participants the chance to engage with
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Truecoco raises funding from Growth Investment Partners to double down on removing carbon from the air.
Truecoco, an aggregator, processor and commodities trading company based Ghana’s Western Region has secured an undisclosed funding from Growth Investment Partners— an investment vehicle established by British International Investment, the UK’s development finance institution and impact investor. The capital injection will support Truecoco in expanding its soybean processing operations and launching an industrial carbon capture
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OGames scores $25,000 as winner of the African Union Education Innovation Awards.
SimuLab and Science Safari, a virtual science lab platform developed by OGames Studio, have been crowned winners of the African Union Education Innovation Awards at the recent Africa Skills Week held in Accra, Ghana. Led by Onyx Terchie-Duku, the platforms aim to enhance STEM education for students in under-resourced schools across Africa. They allow students
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Oyster Agribusiness lands $2m to help smallholder farmers to boost productivity.
Oyster Agribusiness, a vertically integrated agritech company, has secured $2 million to expand its operations and deepen its impact on smallholder farmers. The fresh capital will enable the company to support more farmers, enhance productivity, and scale its climate-smart agricultural initiatives. The funding round which was facilitated by Pangea Africa saw participation from prominent investors,
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Kwame Koranteng joins Sony’s African Innovation Fund as Investment Manager.
Japanese electronics giant Sony has appointed Kwame Kwarteng as Investment Manager for the Sony Innovation Fund: Africa, a key initiative aimed at supporting Africa’s entertainment start-ups. In this role, Kwame will identify and manage investment opportunities that drive innovation across the African continent. Kwame brings extensive experience in venture capital, asset management, and business planning.
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Craft Education’s Hunu selected for the 2024 MIT Solve Global Challenge.
Hunu has been selected as part of the 2024 cohort of the MIT Solve Global Challenge fellowship. The winners selected from a pool of over 2,200 applications from 130 countries, are addressing pressing challenges in health, learning, climate, and economic prosperity and building upon traditional knowledge and technology to meet the needs of indigenous communities.
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eGotickets partners with StarLife Assurance to insure event experience.
eGotickets, the leading event ticketing platform, has partnered with StarLife Assurance, one of Ghana’s foremost insurers, to enhance the event experience for users through comprehensive insurance coverage. This partnership allows eGotickets customers to purchase tickets that include protection for accidental death, total and permanent disability and hospitalization. The initiative underscores eGotickets’ commitment to not only
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Blossom Academy secures funding to train data professionals for the digital economy.
Blossom Academy has secured a grant from the Internet Society Foundation for its “Building Data Professionals for Internet Opportunities” program. This funding will enable the organization to equip underemployed professionals in Ghana with essential data and leadership skills, helping them unlock freelance and consulting opportunities and ultimately increase their incomes. As part of the program,