Education finance company Fundi acquires edtech company EduOne

SOUTH AFRICA – Fundi, an education finance and education fund management solution specialist, has acquired EduOne, a South African education technology company. Started in 2015 in Cape Town by Jason Basel and co-founders James Kieser, Pieter Strydom and Ben Rath, EduOne was developed in response to their own challenges and experiences of accessing and moving through the education system.   Today the company operates South Africa’s largest career guidance website, engaging students on their post-school options. It also builds software such as a mentorship platform and fund disbursement tool, both aimed…

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EdTech company OTO secures US$400,000 from EdVentures to expand its services

EGYPT – EdVentures, a corporate venture capital that invests in startups, has invested US$400,000 in cash and in-kind services in Egyptian digital learning platform OTO, in an attempt to enhance distance learning methods and support startups in Egypt and the Arab world. The goal of this investment is to develop the company’s platform and further expand its services to include a larger segment of users, especially middle and secondary school students by delivering educational programmes in a variety of areas/subjects. This, in turn, will reflect on the educational experience that…

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Financial edtech startup FinMeUp secures funding from ZAQ Ventures to expand its offering

SOUTH AFRICA – FinMeUp, a financial education startup, has secured an undisclosed amount in funding from ZAQ Ventures (Venture Studio), a venture capital firm that focuses on investing in startups. According to reports, the undisclosed amount of funding, which was secured from an angel round, will be used towards the development and expansion of the financial edtech startup’s platform and product offerings. This included the launch of new features and establishing partnerships along with the implementation and launch of FinMeUp wealth. The funds will be used to build out the…

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AfricInvest, Tunisian businessman acquire majority stake in ISGA

MOROCCO – Private Equity firm AfricInvest has announced that it has made a new investment in Morocco’s education sector. The investor has acquired jointly with the Tunisian businessman Tawhid Chtioui, 80% of the Moroccan Higher Institute of Applied Engineering (ISGA). Shares were acquired from the Diouri family which was until now the majority shareholder of the ISGA group. The operation was announced by several local media in September, but no details were given about the buyer. With this participation, AfricInvest commits to support the development plan of the private education…

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Airtel Africa, UNICEF partner to accelerate roll-out of digital learning

AFRICA – Airtel Africa, a telecommunication company and United Nations Children’s Fund (UNICEF) have announced a five-year pan-African partnership to help accelerate the roll-out of digital learning through connecting schools to the internet and ensuring free access to learning platforms across 13 countries. By providing equal access to quality digital learning, particularly for the most vulnerable children, the partnership will help to ensure that every child reaches their full potential.    Airtel Africa is the first African private sector partner to make a multimillion-dollar commitment to ‘Reimagine Education’, a global initiative…

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Absa Bank to establish 66 computer labs in schools across Kenya

KENYA – Absa Bank Kenya PLC has kicked off an ambitious digital literacy enhancement program targeting to establish 66 computer labs in schools across the country. The bank is investing Kshs 23 million (US$208,276) in the nationwide project that is being spearheaded in partnership with Computer for Schools Kenya (CFSK) and will see 1,500 computers donated to different schools in the coming months. The two organizations rolled out the initiative at the Kikuyu Township Primary School by donating 20 desktop computers that are fully networked and fitted with relevant software…

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Italian-based Mobilspazio to partner with Takoradi Technical University

GHANA – Mobilspazio, an Italian-based Manufacturing company, has expressed its readiness to partner the Takoradi Technical University (TTU) to market and franchise products in their Carpentry and Wood Department to create employment opportunities for the youth as they graduate. The move, forms part of measures by the international wood processing and general home appliances company, to equip the youth with the relevant skills to design finished products of international standards in a competitive globalized economy. Country Director for Mobilspazio Production and Manufacturing company, Mr. Patrick Ekye- Kwesie, in an interview…

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Fintech e4 launches Girls in STEM program

SOUTH AFRICA – Fintech specialist e4 has launched a Girls in STEM programme to provide girls in underprivileged areas with the support they need to pursue careers in science, technology, engineering and mathematics (STEM) post matric. Cognisant of the gender imbalance present in the science and technology industries worldwide, and particularly in sub-Saharan Africa, e4 approached Melisizwe Computer Lab Project, a non-profit that provides schools in need with computer labs and IT skills training, for help with this initiative, with the end goal of uplifting underprivileged female youth and addressing…

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The University of Ghana launches innovation and entrepreneurship programme

GHANA – The University of Ghana’s Innovation and Entrepreneurship Programme (UGIEP) has been commissioned by the Vice President of Ghana, Dr Mahamudu Bawumia, to help students and young entrepreneurs add value to their products and services. The UG Startup Challenge, the UG Incubator, the UG Venture Accelerator, the UG Venture Fund, and the UG Alumni Angel Investor Network are the five pillars that will help the programme achieve its goal. The UGIEP is a non-academic initiative run by the Vice-Office Chancellor’s that aims to promote a culture of entrepreneurship and…

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Edutainment startup Jeel Platform raises US$1.2m seed round to strengthening its technical capabilities

EGYPT – Jeel Platform, a promising edutainment startup, has finished a seed funding round with a US$1.2 million seed fund from Kuwaiti and Jordanian angel investors, besides acquiring high-quality animation series, songs, and games to be added to its library. The company plans to use the seed fund in strengthening its technical capabilities, offering more services and content, and expanding its team. The platform, which was founded in the United States by Ahmed Sobaih in 2019 and has offices in Riyadh and Cairo. Jeel Platform is an edutainment digital platform…

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