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Author: Fred Kennedy
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AFC Secures $400 Million Islamic Finance Facility to Boost African Infrastructure
Africa Finance Corporation (AFC), a key player in infrastructure financing across the continent, has successfully raised $400 million through a Shariah-compliant Commodity Murabaha facility.
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KCB Bank Secures $100 Million from BII to Boost Climate and Women-Led Business Financing
KCB Bank Kenya has received a significant financial boost from British International Investment (BII), securing a $100 million Tier 2 capital facility aimed at expanding lending to climate-related initiatives and women-owned businesses.
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Ghana’s Oze Secures Investment to Scale Lending Solution for SMEs in Africa
Oze, a Ghanaian fintech startup specializing in digital recordkeeping and financial services for micro, small, and medium enterprises (MSMEs), has received fresh funding from investors, including Visa and DEG.
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AgDevCo Secures $85 Million Investment to Boost Agribusiness in Africa
Africa-focused agribusiness investment firm AgDevCo has received a significant financial boost through an $85 million joint investment from Swedfund, British International Investment (BII), and Norfund.
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British International Investment Expands Support for SunCulture with $4 Million Investment
The British International Investment (BII) has announced an additional $4 million investment in SunCulture, a Kenya-based company specializing in solar energy solutions and irrigation equipment.
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Acumen Invests in Ghanaian Agritech Startup Wami Agro to Support Smallholder Farmers
Acumen has invested in Wami Agro, a Ghanaian agritech startup.
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Africa Tech Summit Honors 13 Top Innovators Driving Change in Africa
The inaugural Africa Tech Summit Awards concluded in Nairobi, Kenya, recognizing 13 outstanding entrepreneurs and ventures shaping the technology landscape across Africa.
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Tunisia’s Dabchy Secures Funding from Janngo Capital, Renew, and Village Capital to Scale Circular Economy
Dabchy, a leading online marketplace for second-hand fashion in the Middle East and North Africa (MENA), has raised a seven-figure pre-Series A funding round.
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Ethiopia Secures $600 Million Investment as EABC, EIH, and Asset Green Partner in Agribusiness Project
Ethiopia’s agricultural sector, the Ethiopian Agricultural Businesses Corporation (EABC), Ethiopian Investment Holdings (EIH), and UK-based private equity firm Asset Green have entered into a shareholders’ agreement to launch a comprehensive dairy and crop farming initiative.