The Innovation Village, through its EdTech Lab in partnership with Mastercard Foundation Young Africa Works and the Arizona State University Education for Humanity, has launched a business development programme dubbed ‘Future of Education’, a challenge with the aim to support businesses spearheading innovation in the education sector. The programme will be a highly selective and intensive 8-weeks programme for Uganda’s most promising education entrepreneurs, receiving expert guidance on how to navigate the education landscape and scale solutions via mentorship, peer learning, expert feedback and guidance from expert teams in the sector and implementing partners. While commenting on the new development,…
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Bringo Fresh (USD 10,000) Launched onto the Ugandan market in June, 2018 by CEO and founder Brian Matsiko, Bringo Fresh is an e-commerce platform that bridges Ugandan farmers and technology making their fresh produce available online for doorstep delivery. The platform sources Fresh produce from small-holder farmers, and is delivered to customers��� door steps. Among the fresh produce that Bringo Fresh deals in are fruits, vegetables, fish and meat among others. It has managed to save the wastage of over 12,000 kgs of vegetables, fruits and dairy products. The Bringo supplies are delivered all over Kampala, Entebbe & Wakiso daily…
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The 97Fund has announced the first five investment beneficiaries under The 97 COVID-19 Relief Fund. The companies, Bringo Fresh, Famunera, Med X International, Minute5 and Xente are joining The 97Fund portfolio and receiving a total of $52,492 as well as monitoring and venture building support for three months. This brings the total number of investments in The 97Fund portfolio to ten (10) including companies that have been funded under previous initiatives The Future of Work (Flip Africa, Marula Agribusiness, ProInterns and Tubayo) and Game Changers initiatives (Tripxio) which together received a total of $75,000. The 97Fund was seeded with commitments…
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The 97Fund, a Ugandan domiciled Open-end Investment Vehicle (HoldCo) that invests in high growth early stage companies in Africa, has launched a $1 Million COVID-19 Relief Fund (the “Fund”). The 97Fund is managed by Ortus Africa Capital. According to a statement from the organization, the Fund shall focus on Uganda and invest in solutions targeting and addressing challenges caused by the COVID-19 pandemic and solutions that prepare Uganda for a post COVID-19 environment. The COVID-19 Relief Fund supports promising entrepreneurs to scale and develop solutions that will help Uganda emerge from the Coronavirus crisis and create competitive advantage for the…
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By Evelyn Atim The world has suddenly woken up to the fact that our greatest strength – our interconnectedness is currently working against us. As of 15th April 2020, the number of confirmed infections of the novel coronavirus worldwide was approaching the 2m mark and death toll tops 120,000. Worldwide, the resources to combat this pandemic are limited; medical personnel, Personal Protective Equipment known as PPE, ventilators and testing kits. In Uganda, the number of reported cases is 55 and is likely to rise over the coming days. As we continue to grapple with the effects and impact of this…
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