Author: Fred Kennedy

Nigerian clean energy company Arnergy has secured $15 million in new Series B funding, bringing its total for the round to $18 million following a $3 million raise in 2023.

Rabbit, a fast-growing quick commerce startup from Egypt, has officially entered the Saudi Arabian market and opened its regional headquarters in Riyadh.

New GX Capital and RMB Ventures have introduced the Airnergize Capital Fund I with an initial commitment of approximately $120 million.

Nairobi-based Purple Elephant Ventures (PEV), a startup studio focused on tourism, has secured an extra $500,000 to boost its seed funding round to $5 million.

The ECOWAS Bank for Investment and Development (EBID) has approved new funding worth €230 million and $10 million to support infrastructure projects and private sector development across West Africa.

Paytic, a technology company helping banks and financial service providers streamline its payment operations, has secured $4 million in a seed extension round.

Kenyan-based digital bank Umba has secured a $5 million debt facility from Star Strong Capital to accelerate its growth and reach more customers across Africa.