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Tanzania’s Sumet Technologies has secured $1.5 million in pre-seed funding to enhance its FMCG distribution operations across the country. The investment, from a mix of angel investors, will support the company's mission to facilitate market entry for new brands and optimize supply chains throughout Africa. CEO Hazem Afify emphasized the importance of this funding in strengthening their technology and expanding their market presence.
The African Business Angel Network (ABAN) has launched Africa’s Sports & Creative Early Stage Investor Network, aimed at mobilizing angel capital for startups in sports tech, entertainment, fashion, gaming, film, music, e-sports, and digital content. This initiative, in partnership with TRACE, El Carnaval Limited, and Punuka Attorneys & Solicitors, seeks to provide financial support, mentorship, and market access to entrepreneurs. CEO Fadilah Tchoumba emphasized the network's role in bridging the gap between capital and creativity, enhancing Africa's position in global innovation and culture.
Fadilah Tchoumba
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Tanzania's Sumet Technologies secures 1.5 million dollars for FMCG expansion
10:00 28.03.2025
Africa launches first sports and creative investor network for startups
09:00 03.03.2025
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