Business News of Wednesday, 12 October 2016Source: Business in CameroonStart-up GiftedMom to raise close to FCfa 300 millionALN Ventures will raise close to FCfa 300 million for African expansion of start-up GiftedMomAfrican Leadership Network Ventures (ALN Ventures), a start-up development centre based in Johannesburg in South Africa, will soon launch a fundraising operation, to attempt to raise a global amount of USD 500,000, thus about FCfa 300 million, the Pan African magazine Jeune Afrique reveals on its website. These funds, we learned, will help in financing the African expansion of Cameroon start-up GiftedMom, of which ALN Ventures is a financial partner. This expansion in Africa, according to the managers of the organisation, will finally enable to charge for the GiftedMom services, which were until now free, through partnerships with NGOs and other social entrepreneurs. Winner of the Total Cameroun Startupper 2016 prize, and the Commonwealth prize for best e-health application about a month ago, GiftedMom set up an application of the same name, which contributes to the improvement in mother and child health. the beneficiaries of the GiftedMom service, still via SMS, can directly seek advice from doctors.

Source: CameroonWeb October 12, 2016 05:34 UTC