Fred Kennedy, Author at Empower Africa

IFC and TLG Capital Launch $75M Fund to Help African SMEs Stay Afloat

May 1, 2025

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To help small and medium-sized businesses in Africa access the financing they need, the International Finance Corporation (IFC) and investment firm TLG Capital have launched a new private credit initiative.

Kofa Raises $8.1 Million in Pre-Series A Funding to Expand Clean Energy Access in Urban Africa

Apr 30, 2025

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Fred Kennedy

in New Investments

Ghanaian energy technology startup Kofa has raised $8.1 million in a pre-Series A funding round aimed at scaling its battery-swapping network across cities in Africa.

Renew Capital Backs Ghanaian Startup Tendo to Boost Online Entrepreneurship

Apr 30, 2025

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Fred Kennedy

in New Investments

Impact investment firm Renew Capital has announced an investment in Tendo, a digital platform based in Ghana that enables people to launch their own online businesses with no upfront cost.

Kenza Lahlou is Building Africa’s Future by Backing Bold Founders

Apr 30, 2025

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Fred Kennedy

in African Changemakers

Kenza Lahlou is a Moroccan venture capitalist and technology ecosystem builder, recognized for her contributions to Africa’s startup landscape.

Nigerian Investment Firm C-One Ventures Acquires Microfinance Bank, Bankly

Apr 29, 2025

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Fred Kennedy

in Key developments

C-One Ventures, a Nigerian investment company with a focus on technology and finance, has completed the acquisition of Bankly, a licensed microfinance bank.

Nigeria’s OmniRetail Raises $20 Million in Series A funding to Expand in West Africa

Apr 28, 2025

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Fred Kennedy

in New Investments

OmniRetail, a Nigerian startup helping informal retailers manage supply chains digitally, has secured $20 million in Series A funding.

Aruwa Capital Raises $35 Million for Second Fund, Aiming to Boost Women-Led Businesses

Apr 28, 2025

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Fred Kennedy

in New Investments

Aruwa Capital Management, a female-founded and led investment firm based in Lagos, has secured 90% of its $40 million goal for its second fund, Aruwa Capital Fund II.

Ugandan Coffee Exporter JKCC Receives $6.5 Million Boost from IDH Farmfit Fund

Apr 25, 2025

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Fred Kennedy

in New Investments

Uganda’s JKCC General Supplies has secured a $6.5 million loan from the IDH Farmfit Fund to support its operations and expand its reach among local coffee farmers.