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Big news! SweepSouth, an online cleaning platform based in South Africa has launched a $642,000 fund. The fund will be used to provide relief for domestic workers on its platform amid the COVID-19 pandemic.
Next, Alitheia IDF, a joint venture fund aimed at scaling women-led businesses in Africa has attained a second fund that closed at $75 million. The venture aims to announce its first investment soon.
See also: The Big 5 Daily: 16th April 2020
Techies! Applications have opened for the JEE Greenovation Challenge. Startups with innovations that address climate change stand to win seed grants of up to N1,000,000. Interested? Click here to apply.
Also, Paga has been selected for the Ping An Cloud Accelerator Programme, China. This grants the Nigeria-based fintech platform access to global expansion.
Finally, African Musician, Akon has revealed plans to launch his cryptocurrency called Akoin. The currency will power Mwale medical and technology city (MMTC), a science and tech hub in Western Kenya.
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