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South African agri-tech startup Nile has secured ZAR200 million (US$11.3 million) in funding to enhance its digital solutions for farmers across Southern Africa. Founded in 2021, Nile addresses key challenges in food trading, such as price transparency and payment speed, and aims to expand its marketplace and financing options. The investment, led by the Cathay AfricInvest Innovation Fund, will help build a comprehensive digital ecosystem to empower farmers and reduce their risks.
The South African rand is gaining strength due to optimism surrounding potential trade agreements between the U.S. and its partners. However, UBS remains cautious, citing a bleak global growth outlook and internal political tensions in South Africa as risks that could undermine the rand's progress. They recommend selling the downside in the USD/ZAR currency pair, anticipating challenges ahead despite the current favorable conditions.
The South African rand is experiencing a rise due to optimism surrounding potential trade agreements between the US and its partners. However, UBS remains cautious, citing a bleak global growth outlook and internal political tensions in South Africa as risks that could negatively impact the rand in the future. They recommend selling the USD/ZAR currency pair for now, anticipating challenges ahead despite the current favorable conditions.
The South African rand is experiencing a rise due to optimism surrounding new trade agreements between the United States and its partners. However, UBS remains cautious, citing a subdued global growth outlook and internal political tensions in South Africa as potential challenges for the rand, recommending a long position on USD/ZAR for now.
Goldman Sachs is advising countries like Japan, South Africa, and Saudi Arabia on navigating the complexities of US trade policies under President Trump. This guidance includes insights on tax policies and contentious reforms, as nations seek to balance domestic strategies with international pressures. The firm's role highlights the increasing importance of expert advice in shaping global economic relations amid rising trade tensions.
UBS has upgraded its rating on Indian equities to "neutral" from "underweight," citing India's strong domestic focus and resilience in earnings, particularly benefiting from lower oil prices. However, the firm refrains from an "overweight" upgrade due to lackluster stock fundamentals and uncertainty regarding government growth initiatives. UBS continues to favor China for better risk-reward dynamics, highlighting its defensiveness and potential upside from stimulus.
New GX Capital, led by CEO Khudusela Pitje, has launched the R2.4 billion (USD 120 million) Airnergize Capital Fund I, one of Africa's largest clean-tech funds, in partnership with RMB Ventures. The fund focuses on renewable energy, water, and gas infrastructure, aiming to raise an additional R1.6 billion. Its inaugural investment is in Sustainable Power Solutions Africa, reinforcing the commitment to sustainable infrastructure and inclusive economic growth across the continent.
Savant, a South African hardware incubator founded by Nick Allen in 2005, has opened applications for its venture fund, which supports innovators in science and engineering. The pre-seed fund offers up to ZAR800,000 for early-stage projects, while the seed fund provides up to ZAR1.2 million for those ready for market testing. Both funds aim to advance technology development from TRL3 to TRL6 within specified timeframes.
South Africa's Trade Shield, a fintech startup specializing in credit risk management solutions, has raised ZAR15 million (US$820,000) from FNB’s Vumela Enterprise Development Fund. The funding will support its growth in South Africa and globally, enhancing its subscription-based platform that helps businesses manage trade credit risk through AI-driven analytics. Trade Shield aims to drive financial inclusion for small businesses by providing access to trade finance, showcasing its potential to scale as a SaaS-based business.
The Orange Corners Innovation Fund (OCIF) GROW programme is offering funding between ZAR200,000 (US$11,000) and ZAR1 million (US$55,000) to young South African innovators aged 18-35 with proven market traction. This initiative, powered by CDI Capital and backed by the Kingdom of the Netherlands, aims to support ambitious entrepreneurs through grant funding, interest-free loans, mentorship, and investment readiness. Applications are open until March 31.
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