Author: Fred Kennedy

Palm, a financial technology startup based in Egypt, has completed its pre-seed funding round.

Sahel Capital, an investment company with a focus on agriculture and food sectors in sub-Saharan Africa, has finalized a $1 million loan agreement with Camino Ruiz, a Kenyan company that specializes in fish processing and distribution.

The Africa Go Green Fund (AGG), overseen by Cygnum Capital, has approved an $18 million senior debt facility for Cold Solutions Kazi Limited.

Hinckley E-Waste Recycling, a company based in Nigeria, has secured funding from Goodwell Investments and Alitheia Capital.

The International Finance Corporation (IFC) and Proparco have announced a joint investment of up to $50 million in Helios Sports and Entertainment Group (HSEG), a company focused on developing Africa’s sports, media, and entertainment industries.

British International Investment (BII), the UK government’s development finance institution, has invested £1.09 billion in African companies in 2024, aiming to support job creation, reduce dependency on aid, and address climate-related challenges.

Development Partners International (DPI), along with its co-investors, has finalized an agreement to invest $190 million in Alameda Healthcare, one of Egypt’s leading private healthcare groups.

Kenyan startup BuuPass has received new funding from Yango Ventures, the investment arm of Yango Group, to enhance its intercity travel booking services and broaden its presence in Africa.

Ethiopia has reached a deal with the World Bank to receive $1 billion in funding aimed at advancing its economic reform plans and boosting overall growth.