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Author: Fred Kennedy
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		 Top Startups and Investor Honored at AfricArena Lagos Summit 2025The 2025 AfricArena Lagos Fintech, Mobility & Logistics Summit concluded on a high note at the Eko Hotel and Suites, Victoria Island, Lagos, with five startups and one investor recognized for their outstanding contributions to Africa’s tech innovation space. 
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		 CREI Secures $40 Million for Renewable Energy Project in MaliCommunication & Renewable Energy Infrastructure (CREI), the energy division of Ieng Group, has secured $40 million in bridge financing to expand renewable energy systems for telecom towers in Mali. 
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		 IFC and TLG Capital Launch $75M Fund to Help African SMEs Stay AfloatTo 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. 
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		 Kofa Raises $8.1 Million in Pre-Series A Funding to Expand Clean Energy Access in Urban AfricaGhanaian 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. 
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		 Renew Capital Backs Ghanaian Startup Tendo to Boost Online EntrepreneurshipImpact 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. 
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		 Kenza Lahlou is Building Africa’s Future by Backing Bold FoundersKenza Lahlou is a Moroccan venture capitalist and technology ecosystem builder, recognized for her contributions to Africa’s startup landscape. 
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		 Nigerian Investment Firm C-One Ventures Acquires Microfinance Bank, BanklyC-One Ventures, a Nigerian investment company with a focus on technology and finance, has completed the acquisition of Bankly, a licensed microfinance bank. 
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		 Nigeria’s OmniRetail Raises $20 Million in Series A funding to Expand in West AfricaOmniRetail, a Nigerian startup helping informal retailers manage supply chains digitally, has secured $20 million in Series A funding. 
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		 Aruwa Capital Raises $35 Million for Second Fund, Aiming to Boost Women-Led BusinessesAruwa 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. 
