Author: Fred Kennedy

Mediterrania Capital Partners has reached the first closing of its second real estate investment vehicle dedicated to Morocco, raising commitments of 380 million Moroccan dirhams (about $40.5 million).

Persistent has launched a new investment vehicle aimed at supporting climate-focused startups across Africa, marking another effort to expand funding for early-stage companies tackling the continent’s environmental and energy challenges.

South African startup Yazi has secured its first institutional investment round, marking a new milestone for the AI-driven research platform that operates entirely through WhatsApp.

Electric mobility and distributed energy company Zeno has secured $25 million in new funding to accelerate the expansion of its electric vehicle and charging infrastructure across East Africa.

South African fintech startup NjiaPay has secured $2.1 million in seed financing as it seeks to expand its payment orchestration platform and scale its operations across the African continent.

Orca Fraud, a South African startup focused on combating financial fraud in digital payment systems, has raised $2.35 million in seed funding to strengthen its real-time transaction monitoring and fraud intelligence platform.

Global impact investor Acumen has made a strategic investment in AgroEknor, a Nigerian agribusiness focused on the production, processing, and export of hibiscus.

British International Investment (BII) and ILX, a private debt asset manager based in Amsterdam, have completed their first joint investment aimed at increasing financing for small businesses and agricultural enterprises in East Africa.