The Empower Africa Business Platform is Now Live !!!
This investment, led by a renowned consortium of venture capitalists, including Maroc Numeric Fund II (Morocco), 216 Capital (Tunisia), Gullit VC (Ethiopia), Founders Factory Africa (Nigeria), Sunny Side Venture Partners (Egypt/Japan) and Kalys Ventures (Morocco).
The new funding validates Logidoo’s unique approach to transforming the African logistics landscape and its potential to unlock the continent’s trade potential.
The funding underscores the market’s confidence in Logidoo’s mission to tackle the critical challenge of low intra-African trade compared to other regions.
By focusing on “Cross-border” logistics, Logidoo goes beyond mere service provision; it acts as a visionary force in turning the African Continental Free Trade Area (AFCFTA) vision into a tangible reality.
Logidoo has established itself as a “Cross-border end-to-end 5PL” provider, a unique approach that sets it apart in the industry.
This tagline reflects their commitment to offering comprehensive, market-leading solutions for seamless cross-border logistics.
In 2023, Logidoo embarked on an ambitious expansion plan, extending its franchise network to 5 African countries.
This strategy, fueled by the new funding, aims to solidify their continental footprint.
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
African Infrastructure Investment Managers (AIIM), Africa’s largest dedicated sustainable infrastructure equity manager, has successfully closed its fourth pan-African infrastructure fund, African Infrastructure Investment Fund 4 (AIIF4), with a total of USD748 million raised.
Arise IIP and Africa Finance Corporation (AFC) have joined forces to establish a $100 million fund dedicated to supporting African entrepreneurs.
The Fund for Export-Development in Africa (FEDA), an investment arm of the African Export-Import Bank (Afreximbank), has established a $1 billion Africa Film Fund to support Africa’s growing film and TV industry.