Mwabu, the African focusedEdtech company, has concluded a significant Series B investment round led by Elma Investments to expand its education solutions and academy services in Africa.
An AppsAfrica Award winner in 2016, Mwabu provides high-calibre educational tools to more than 500 000 learners and teachers in Zambia since 2013. Offering a range of educational products and services specially created for African markets. Core services include the development of curriculum-aligned teaching and learning resources, assessment tools, devices and hardware, as well as continued training and mentoring for teachers through the Mwabu Academy.
The round was led by Elma Investments, Ltd., the impact investment arm of The Elma Group of Foundations. The company did not disclose how much money was raised in the latest funding round but shared it will use the money to expand its education solutions and academy services, and increase the number of languages into which its content is translated. The company is also working in Kenya and Tanzania with plans for further expansion.
With the closing of this round of investment, Mwabu will expand its education solutions and academy services, and increase the number of languages into which its content is translated. Currently eight local languages are offered in Zambia for Grades 1 – 3. In South Africa, content is currently produced in English, but plans are underway to introduce multi-language content, including Zulu and possibly Afrikaans. The company is also working in Kenya and Tanzania with plans for further expansion.
Justin Reilly, CEO of Mwabu, says: “We are delighted to announce this significant step forward in our plans for growth. Through this investment, we will be able to extend the educational possibilities for millions of African learners.”
The company is also working in Kenya and Tanzania with plans for further expansion.
“We are delighted to announce this significant step forward in our plans for growth. Through this investment we will be able to extend the educational possibilities for millions of African learners,” said Justin Reilly, Chief Executive Officer at Mwabu.
Heather Sherwin, Director of Impact Investments for Elma Philanthropies, said education technology was an important tool in helping to achieve greater literacy and numeracy outcomes in schools.
“We believe Mwabu will continue to be an innovative leader in this field,” Sherwin said.
Mwabu recently launched of its Mwabu Academy and e-learning content for primary schools.
The four schools in KwaZulu Natal Province, in which Mwabu has been introduced, are already experiencing considerable success.
