The European Business Council for Africa

In this week's news roundup, Finnfund invests in ecommerce site Kasha, Twiga gets a $5 million investment from the DFC, Iron Capital partners with the Australian government, and the AfDB lists a $3 billion social bond on the LSE.

Asoko's analysts map over 300 companies operating in East Africa's coffee value chains as Kenya closed its auction in response to COVID-19. 

Plus, we heard from several newsletter readers about the work their businesses are doing to support the public response to COVID-19:

  • In South Africa, fintech provider Paycode is providing the government with a platform that will register patients as they come to get tested for COVID-19.
  • From Nairobi, the African Management Institute has launched a free online learning programme called the Business Survival Bootcamp aimed at helping Africa‚Äôs businesses and entrepreneurs survive the impact of coronavirus.
  • In Casablanca, Afrique Advisors has compiled resources for businesses, including a list of all special funds dedicated to fighting COVID-19 in Morocco. 
  • The African Development Bank is launching the #AfricaVsVirus Challenge, a 72-hour digital collaborative process held online on 17-19 April to create solutions addressing some of the social and economic challenges posed by the coronavirus.

 

Read the full report here