Author: Fred Kennedy
-
All On and Energise Africa Invest $4 Million in Maskh Nigeria Solar Mini-Grid Project
All On and Energise Africa have invested $4 million in Maskh Nigeria Limited to develop solar-powered mini-grids in 19 communities across Jigawa and Bauchi states in northern Nigeria.
-
Mamor Capital Reaches $18.6 Million First Close for South African Tech Fund
South African venture capital firm Mamor Capital Ventures has secured an approximately $18.6 million first close for its inaugural fund, giving it capital to invest in post-revenue technology businesses in the country.
-
Africa’s $533 Billion Public Procurement Market
US$533 billion is the estimated annual value of public procurement across Africa in 2025. The estimate applies the World Bank’s 17% Africa-wide public procurement benchmark to US$3.14 trillion of aggregate nominal GDP across 54 African economies in the IMF’s April 2026 World Economic Outlook database.
-
Airtel Africa and Starlink Launch Africa’s First Commercial Satellite-to-Phone Service in DRC
Airtel Africa and SpaceX’s Starlink have launched Africa’s first commercial satellite-to-phone service in the Democratic Republic of the Congo, enabling eligible Airtel customers to send messages from areas without terrestrial mobile coverage.
-
Small Foundation Invests in Unmarkets to Launch Four Agribusiness Ventures in Kenya
Small Foundation has made an undisclosed investment in Unmarkets, a Nairobi-based venture builder that creates food and agricultural businesses with established African-owned companies.
-
Swedfund Provides $20 Million Loan to Africa Go Green Fund to Expand Climate Lending
Swedfund, Sweden’s development finance institution, is providing a $20 million loan to the Africa Go Green Fund to expand debt financing for businesses and projects that reduce greenhouse gas emissions across Africa.
-
AFC Capital Partners Launches Nigerian Platform Under $750 Million Climate Infrastructure Fund
AFC Capital Partners has launched the Infrastructure Climate-Resilient Fund Nigeria to mobilize capital from Nigerian institutional investors for climate-resilient infrastructure projects in Nigeria and other African markets.
-
Ventures Platform Closes $84 Million Pan-African Fund II Above Target
Ventures Platform has closed its second institutional fund, VP Pan-African Fund II, at $84 million, exceeding its original $75 million target.
-
Flowt Secures Pre-Seed Funding to Expand Working-Capital Finance for Kenya’s Climate Businesses
Kenyan financial technology startup Flowt has secured an undisclosed first close of its pre-seed round to expand working-capital financing for climate-smart small businesses in Kenya.