The Daily Brief: Kazang Solar receives $1.6m, and more!

Here’s a brief look at the day’s activity as it has happened across the continent.

1. It’s confirmed – SA’s first female-focused angel fund to launch this year

Dazzle Angels is set to become South Africa's angel fund focused entirely on women-owned businesses. Alexandra Fraser, one of the organisation’s founding members, confirmed that Johannesburg-based Dazzle Angles will start operating later this year. Get the full story on Ventureburn. Another related story is in Nigeria where GreenHouse capital has launched the country's first female-focused tech accelerator programme. Get the full story on Techpoint.

2. Nigeria’s early-stage fund Microtraction announces second investment this week

Microtraction, a Nigerian early-stage fund, has announced an investment it made in Allpro. The investment is the second Microtraction is announcing this week after the one of Though, Yele promised to announce another before this week ends. Overall, once the third investment is announced, the total of Microtraction’s investments – to date and this year – will come to 5. Full story on Digest Africa.

3. Outbox and partners have launched another edition of Up Accelerate

Ugandan local business incubator, Outbox Hub announced the return of another edition of the Up Accelerate incubator program. The incubation program is being launched in partnership with past partner UNFP as well as Reach A Hand. Selected participants will receive business training, mentorship and seed funding of up-to UGX 18 Million per team. Full story on Digest Africa.

4. Submit your application to TechCrunch Startup Battlefield Africa 2018

Up to five startups will compete in one of three preliminary rounds, where they’ll have six minutes to pitch and present their demo to a panel of judges composed of entrepreneurs, technologists, and VCs. One of those five startups will be named the TechCrunch Startup Battlefield Africa 2018 champion and take home the grand prize: US$25,000 in no-equity cash, plus a trip for two to compete in Startup Battlefield in San Francisco. Full story on TechCrunch.

5. Kazang Solar receives $1.6m to deliver solar home lighting to 7,000 homes in Zambia

Kazang Solar, Azuri Technologies’ official distribution partner in Zambia, has been awarded $1.6 million from the Africa Enterprise Challenge Fund (AECF) under its Renewable Energy and Climate Adaptation Technologies (REACT) window. Full story on TechMoran.

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That's it for the day - Malinz

Digest Africa


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