South Africa: Edge Growth makes education investment
Posted on: 25 May, 2020 at 5:16 PM
Syafunda, a South African educational platform that provides access to digital content through mobile technology, has received investment funding from Edge Growth.
Syafunda, which means “we are learning” in Zulu, was the inspiration of entrepreneur Zakheni Ngubo. Together with his Durban-based Syafunda team, Zakheni is capitalising on South Africa’s high mobile penetration rate to make education more easily accessible.
The company partners with local content developers and publishers, setting up digital libraries in places like township and rural schools where connectivity is limited or non-existent. The digital libraries have five terabytes of pre-loaded content and emit Wi-Fi hotspots so anyone in the vicinity with a mobile device can access and download the material without having to pay for internet.
“I grew up in townships where there was a shortage of textbooks and math and science teachers,” says Zakheni. “I wanted to solve those challenges and provide digital access for high school and post-high school students. Syafunda is positioned to reach pupils in underserviced communities throughout South Africa.”
Edge Growth, an SME venture fund manager, specialises in developing small businesses and creating jobs through access to funding, skills and markets. Edge Growth identified Syafunda as a key role player in providing access to information for learners in underserviced and rural areas, improving academic performance and enabling teachers to track performance.
“The partnership between Edge Growth and Syafunda over the next five years has an opportunity to make an impact that goes far beyond job creation and black wealth creation,” says Edge Growth lead deal maker Vuyiswa Nzimande. “The strength of the operations and development teams shows in the quality of the innovation in the free-to-access Syafunda Digital Library. Ultimately, we believe that learners will improve the likelihood of entry into higher learning institutions and training/tertiary institutions.”
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