The Empower Africa Business Platform is Now Live !!!
OceanHub Africa aims to support and nurture startups that aim to combat global warming, overexploitation, and pollution of the ocean.
Its accelerator program connects such startups with a network of highly qualified stakeholders and facilitators and provides them with sustainable pathways towards stable profits and scalable growth opportunities throughout Africa.
Six startups participated in its latest program: Kenya’s Kuza Freezer, Tanzania’s Healthy Seaweed Co, Reunion’s Reef Pulse, Egypt’s ReNile, Tunisia’s Tunisia Baits, and South Africa’s Akili.
The eight-month program focused on personal, product, and business development while preparing ventures for investment opportunities.
It concluded with an in-person boot camp in Cape Town earlier this month, where the six startups underwent a week of intensive training to accelerate their journey toward investor readiness and sustainable business growth.
On the final day of the boot camp, participating startups showcased their innovations and pitched for potential investments in front of a mock-investment panel.
The startups that participated in the boot camp were also allowed to network with potential investors, mentors, and partners.

Egyptian fintech company Khazna has successfully raised $16 million in a pre-Series B funding round to strengthen its presence in Egypt and expand operations into Saudi Arabia.

WaterEquity, a global asset manager committed to advancing water and sanitation solutions through private investment, has successfully raised over $100 million for its new initiative, the Water & Climate Resilience Fund.

BasiGo, a Kenyan electric bus company operating in Kenya and Rwanda, has announced a $5 million debt financing agreement with British International Investment (BII), the UK’s development finance institution and impact investor.