To be eligible for funding, applicants must be registered as limited companies based in Kenya, Uganda, Rwanda, or Nigeria
NAIROBI, Kenya, July 21, 2022/APO Group/ —
Uncap (www.Unconventional.Capital), an award-winning platform aimed at providing access to early-stage funding for entrepreneurs in Africa is putting out the call for start-up businesses to apply for the chance to receive early-stage capital ranging between 10,000 EUR and 50,000 EUR.
To be eligible for funding, applicants must be registered as limited companies based in Kenya, Uganda, Rwanda, or Nigeria, have at least 12 months of revenue traction, have well-kept records of business operations, and a scalable business model.
Applications are open to founders in any sector – not just tech. Uncap has a ‘do-no-harm’ policy: it does not invest in businesses or individuals that hurt people or the environment.
Uncap’s application process is fully remote and focuses on quantifiably assessing the founder’s ability to grow and scale a great business. Applications are made online through the Uncap portal (https://bit.ly/3Oi8Zsw) where founders complete a series of questions and assessments. There is no need for pitch decks, and no collateral is required. Uncap then chooses which businesses to invest in using a data-based selection process.
Uncap invests through redeemable equity-revenue-based financing ‘RBF’ that is designed to meet the needs of early-stage businesses. RBF is a form of capital raising where investors agree to provide capital to a company in exchange for a certain percentage of the company’s ongoing total gross revenues. Uncap purchases shares that can be redeemed by the company at a pre-agreed multiple using a percentage of their monthly revenues.
Empowering African Entrepreneurs
Our aim is to enable female founders to get an equitable experience by re-defining their fundraising journey through Uncap’s automated, inclusive and data-driven process
Founded in 2019, Uncap’s goal is to make early-stage funding accessible to every good founder in sub-Saharan Africa. One of the barriers to equal opportunity in growing a business is access to early-stage funding, which is unfairly distributed and highly biased in regard to gender, education, and location.
Uncap was founded to create a unique and innovative new approach to funding early-stage entrepreneurs using a remote, data-driven, and mainly automated process. Its vision is to provide talented entrepreneurs access to capital critical to their success, regardless of their gender, education, social background, or location. One of Uncap’s main goals is to empower female entrepreneurs who are underrepresented in many sectors.
“Our aim is to enable female founders to get an equitable experience by re-defining their fundraising journey through Uncap’s automated, inclusive and data-driven process,” says Esther Ndeti, Investment Principal at Uncap.
In 2020, Uncap invested in 27 businesses and in 2021 70 offers were made from over 800 complete applications. This year it plans to more than double last year’s figure. Uncap already made its first exit in 2022 from Ava Juliet Productions.
“Uncap supported my media production company expansion during the pandemic. I required the funds for operations, salaries, equipment, and insurance, says Nathan Magoola Ava Juliet Productions founder & content producer. “Uncap’s flexible repayment method stood out to me as they were dependent on my revenue performance.”
How to Join Uncap’s Revolution
Businesses can apply for Uncap’s funding on the online portal. Applicants simply create an account and provide their business details. Once the application process (a mix of cognitive & and personality assessments about the applicants, their business skills, and financial insights) is completed, they will be notified if shortlisted. Once the investment contract is signed, they gain access to automated KPI analysis and access to resources. The selected founders will also become a part of, and have access to, Uncap’s growing network of entrepreneurs.
“We are currently working on complementing our support to entrepreneurs with tools to diagnose your current gaps, access to the right resources and support providers as well as hopefully soon, automated connections with follow-on funding,” says Franziska Reh Uncap’s CEO and founder.
Applications open on 18th July and will run till 16th September. Join Uncap’s funding revolution by registering now to get access to funding for an early-stage business.
Distributed by APO Group on behalf of Unconventional Capital.
Angola Oil & Gas 2024 returns to Luanda from October 2-3 under the theme ‘Driving Exploration and Development Towards Increased Production in Angola’
LUANDA, Angola, August 6, 2024/APO Group/ —
Global projects developers, independent E&P firms and regional investors are expected to enter the Angolan oil and gas market in the coming months as new blocks become available across onshore, offshore and marginal fields. In addition to accelerating exploration, new entrants signal fresh opportunities for collaboration and local contract opportunities.
The Angola Oil & Gas (AOG) conference – returning for its next edition from October 2-3 in Luanda – will feature a strategic track as part of its main conference agenda. The track will examine Angola’s investment outlook, strategies for enhancing local content and the role of women in the oil and gas industry. Stakeholders from both the global and local market stand to gain crucial insight into projects, opportunities in natural gas production and the business environment in Angola.
AOG is the largest oil and gas event in Angola. Taking place with the full support of the Ministry of Mineral Resources, Oil and Gas; national oil company Sonangol; the National Oil, Gas and Biofuels Agency; the African Energy Chamber; and the Petroleum Derivatives Regulatory Institute, the event is a platform to sign deals and advance Angola’s oil and gas industry. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.
Angola’s Namibe Basin is one of the final frontiers for oil and gas exploration, representing a significant unexploited hydrocarbon province. While minimal exploration has been conducted to date, seismic studies have shown promising results. Notably, Blocks 41, 42 and 43 in the Kwanza and Namibe basins are covered in their entirety with a 2D seismic dataset, with significant syn- and post-rift potential across the entire basin identified. A panel discussion on Frontier Exploration: Charting New Paths for Investment during AOG 2024 will explore the strategic potential of the basin, with speakers delving into block opportunities and partnership prospects.
In tandem with oil production efforts, Angola is making strides towards attracting investment across the natural gas industry. The country has a target to increase the share of gas to 25% of the energy mix by 2025 and is promoting exploration opportunities, infrastructure development and monetization solutions. Major projects include the Angola LNG plant – which celebrated its 400th cargo in 2023 – and the Quiluma and Maboqueiro development, Angola’s first non-associated gas project. The project will come online by 2026 and will serve as feedstock for the Angola LNG plant. During AOG 2024, a panel discussion on Beyond Oil: Angola’s Rise as a Gas Powerhouse will examine investment opportunities across the gas industry.
Up to $60 billion will be invested in Angola’s oil and gas industry in the next five years. The country’s enabling business environment and market-focused fiscals have played an instrumental part in attracting foreign capital to the market. A six-year licensing round launched in 2019 provides regular access to block opportunities while engagement with IOCs ensures ongoing review of licensing structures and fiscal terms. AOG 2024’s strategic track will feature a session on Perspectives on Investment: The key to Doing Business in Angola. The session will unpack the country’s business climate, including regulatory frameworks, industry procedures and rules of engagement.
As the country’s oil and gas industry grows, so do opportunities for Angolan SMEs and operators. As a mature producer, Angola’s industry success is largely attributed to the competitiveness of its domestic players. The Angolan government is driving local content through the Angolanization initiative, which strengthens national entrepreneurship by granting local service providers preference to oil and gas contracts. The initiative places local content at the forefront of projects by prioritizing the utilization of Angolan products and services. AOG 2024 will further explore this initiative through a panel titled Empowering Angola Talent: Local Content Strategies to Unlock Angola’s Human Capital.
Given the vital role women play in strengthening Angola’s oil and gas industry while driving project forward, the conference will also feature a panel discussion on Sailing into the Future: Women Steering the Ship of Angola’s Oil and Gas Evolution. The session will explore the contributions and future potential of women in the industry, with topics such as leadership, technical expertise and more featured.
AOG 2024 features a multi-track program that offering a comprehensive overview of the country’s oil and gas value chain. To download the program, visit https://apo-opa.co/3SCYLIq. For more information on panel discussions, speakers and topics, visit www.AngolaOilandGas.com.
Distributed by APO Group on behalf of Energy Capital & Power.
The event, taking place on 31 October in Dubai, will serve as a platform to explore and capitalise on the burgeoning opportunities along the UAE- and broader Gulf-Africa trade and investment corridor
The UAE is already the fourth-largest investor in Africa, and we are excited to work with the government to bolster commercial ties across the continent at this critical time
DUBAI, United Arab Emirates, August 6, 2024/APO Group/ —
Invest Africa (www.InvestAfrica.com), a business network promoting trade and investment in Africa, is proud to announce a strategic partnership with the Ministry of Economy of the United Arab Emirates to host The Africa Debate-UAE (https://TheAfricaDebate.com/UAE). The event, taking place on 31 October in Dubai, will serve as a platform to explore and capitalise on the burgeoning opportunities along the UAE- and broader Gulf-Africa trade and investment corridor.
Following ten successful editions of The Africa Debate in London, Invest Africa is excited to take the conference to the UAE – the largest investor in Africa among the GCC states. This year’s programme will spotlight investment opportunities along the UAE- and broader Gulf-Africa trade and investment corridor, featuring sessions on financial services, logistics and supply chain optimisation, energy and infrastructure, and ICT and digital transformation. The event will bring together global businesses, private and public investment bodies, thought leaders, and policymakers for a series of insightful debates on UAE-Africa relations in 2024 and beyond.
Chantelé Carrington, Chief Executive Officer, Invest Africa said: “Our partnership with The Ministry of Economy – UAE is a testament to our commitment to facilitating meaningful business connections and fostering two-way trade and investment between the UAE and Africa. The Africa Debate – UAE will not only spotlight investment opportunities but also provide a robust platform for dialogue and collaboration among key stakeholders. The UAE is already the fourth-largest investor in Africa, and we are excited to work with the government to bolster commercial ties across the continent at this critical time in Africa’s growth story.”
H.E. Juma Alkait, Assistant Undersecretary for International Trade Affairs, Ministry of Economy – UAE said: “The UAE has long recognised the strategic importance of Africa as a key trade and investment partner. By collaborating with Invest Africa, we aim to deepen our engagement with African markets and explore new avenues for economic cooperation. The Africa Debate has already established itself as a premier platform for promoting Africa-forward initiatives and investment, and we are excited to bring this prestigious event to Dubai. We look forward to welcoming 300+ vetted industry leaders to advance UAE-Africa partnerships and drive mutual growth.”
The conference will feature a series of breakout sessions focusing on:
Financial Services
Logistics and Supply Chain Optimisation
Energy and Infrastructure
ICT and Digital Transformation
As global businesses, investors, and policymakers converge in Dubai, The Africa Debate – UAE will serve as a crucial nexus for those seeking to engage in trade and investment along the UAE- and broader Gulf-Africa corridor.
Distributed by APO Group on behalf of Invest Africa.
The aim is to provide the country with an industrial hub for processing agricultural products and establish a business zone to offer opportunities to young people and women in the Kara and Savanes regions
As well as consolidating the achievements of the first phase of the project, it was essential to support the structure of the Togo Agro-Food Processing Zone Project (Togo Agropole)
ABIDJAN, Ivory Coast, August 5, 2024/APO Group/ —
The Board of Directors of the African Development Bank Group (www.AfDB.org) have approved a loan of US $26.55 million to Togo to implement the second phase of the Agro-Food Processing Zone Project.
The aim is to provide the country with an industrial hub for processing agricultural products and establish a business zone to offer opportunities to young people and women in the Kara and Savanes regions, in the north and far north of the country, respectively.
The project, approved in Abidjan on 19 July 2024, will also help to attract a significant level of private investment into key agricultural sectors, such as rice, maize, soya, sesame, cashew nuts and broiler chickens.
The funds come from the Transition Support Facility, an African Development Bank Group mechanism aimed at countries in transition, and will support investments that encourage inclusive agricultural growth that creates jobs and reduces food imports into the small West African country located on the Atlantic Ocean.
“As well as consolidating the achievements of the first phase of the project, it was essential to support the structure of the Togo Agro-Food Processing Zone Project (Togo Agropole) with a second phase. This will focus on the construction and operationalization of the agro-industrial park (the central hub), including building a network of infrastructure (various roads and networks, administrative buildings, electrification, water and fibre optics) to create the right conditions for establishing private businesses,” said Wilfrid Abiola, the African Development Bank’s Country Manager in Togo.
Among others, the project will support the creation and operationalization of the company that will manage the agro-park and the construction of an agro-industrial park in Broukou (in Doufelgou prefecture, in the north of the country) by opening roads, developing electricity and street lighting networks, and building an administrative, financial, civil protection and access control centre.
The project will also fund the purchase of small agricultural equipment for vegetable-growing plots, particularly for women. The plan is also to build the capacity of agricultural producers, including women, in production, processing, storage and marketing to help them find markets and sell agricultural products.
Distributed by APO Group on behalf of African Development Bank Group (AfDB).
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