Author: Fred Kennedy
-
Sahel Capital Extends $590,000 Loan to Support Cashew and Cocoa Aggregator in Nigeria
Sahel Capital, a specialist investment manager in sub‑Saharan Africa’s food and agriculture sectors, recently provided a loan of $590,000 to Rasad Nigeria through its Social Enterprise Fund for Agriculture in Africa (SEFAA).
-
Visa Selects 22 African Fintechs for its Fourth Africa Fintech Accelerator Cohort
Visa, a global payments powerhouse, has selected 22 fintech startups to join the fourth edition of its Africa Fintech Accelerator.
-
IMF: Sub-Saharan Africa’s Economy to Grow by 4.0% in 2025, Adding $3.6 Billion in Output
The International Monetary Fund (IMF) has released its July 2025 update on the global economy. For Africa, the outlook is cautiously optimistic.
-
South African Travel Fintech TurnStay Raises $2 Million in Seed Round to Expand
Travel‑centric fintech TurnStay has closed a $2 million seed financing round. The round was led by First Circle Capital.
-
Mediterrania Capital and CDG Invest Inject $59 Million into Dislog’s Medical Devices Arm
Mediterrania Capital Partners (MCP) and CDG Invest Growth have made a combined capital injection of $59 million into Dislog Dispositifs Médicaux (DDM), the medical device subsidiary of Dislog Group.
-
Botswana Partners with Zotus to Develop Dubai-Inspired $20 Billion Smart City in Kalahari Desert
Botswana has launched one of the most ambitious infrastructure projects in its history — a $20 billion smart city in the Kalahari Desert, known as Kalahari City.
-
Wuilt Raises $2 Million to Help Egyptian Businesses Launch Online Stores for Free
Wuilt, an Egyptian e‑commerce infrastructure startup, has secured $2 million in new financing.
-
EBRD Invests $80 Million in North Africa Fund to Support Local Businesses
The European Bank for Reconstruction and Development (EBRD) has pledged up to US $80 million as a founding investor in the North Africa Fund III (NAF III).This fund is managed by RMBV.
-
Nigeria’s MAX Leads Green Revolution with First-Ever Solar Battery Swap Station in West Africa
Nigerian electric mobility startup MAX has introduced its first solar-powered battery swap station, aiming to offer a clean and reliable energy solution for transport operators across West Africa.