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Author: Fred Kennedy
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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.
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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.
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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.
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SUN Mobility to Expand Battery-Swapping Solutions into Africa with Helios Climate and PIDG Backing
Helios Climate, a platform focused on climate investments, has partnered with the Private Infrastructure Development Group (PIDG) to back SUN Mobility, an Indian company specializing in energy infrastructure for electric vehicles (EVs).
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SA-Based VC Firm HAVAÍC Secures $25 Million in Second Close of African Innovation Fund 3
Cape Town-based venture capital firm HAVAÍC has completed the second closing of its African Innovation Fund 3, raising $25 million towards its $50 million target.
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Candi Solar Raises $24 Million to Expand Clean Energy Projects in India and South Africa
Candi Solar, a company that supplies clean energy to businesses in developing countries, has raised $24 million in new funding from its current backers.
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Admaius Capital Partners Invests in Egypt’s Biopharma Leader Minapharm
Admaius Capital Partners has officially invested in Minapharm Pharmaceuticals, marking a major step in supporting Africa’s biopharmaceutical industry.
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Sun King Secures $156 Million to Power 1.4 Million Kenyan Homes with Solar Energy
Sun King, a solar energy provider focused on off-grid solutions, has raised $156 million through a local currency securitisation deal aimed at boosting access to affordable solar power in Kenya.
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SIFEM Invests in Alterra Capital Partners’ Accelerator Fund to Boost Early-Stage Businesses in Africa
The Swiss Investment Fund for Emerging Markets (SIFEM) has confirmed its support for the Alterra Africa Accelerator Fund I, which is managed by Alterra Capital Partners.