Hello Monday, please to meet you!
It’s another Big 5 Daily Edition,
Big news! East Africa Fruits, a social enterprise based in Tanzania has secured $2.05 million series A round and $950,000 debt funding. The fund will be used to build Its essential supply-chain infrastructure.
Next, eight startups across Africa have been selected to participate in the 2020 ASME ISHOW (American Society of Mechanical Engineers Innovation Showcase). The startups from Kenya, Nigeria, and Egypt, will present their prototypes at the virtual event on the 19th-21st of May 2020.
Have you heard? Kenya-based edtech startup M-Lugha is translating Kenyan Syllabus into indigenous languages. This process aims to spread education across rural areas.
See also: The Big 5 Daily: 5th May, 2020
Also, Source Beauty, an Egyptian beauty e-commerce platform has secured undisclosed pre-seed funding. They will leverage the funding to venture into new markets.
Finally, video conferencing platform, Zoom has acquired Keybase. The acquisition is in a bit to bolster the security of their platform.
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