Author: Fred Kennedy

DisrupTech Ventures, a fintech-focused investment firm based in Egypt, has made its first investment outside Egypt by backing Nigerian startup Winich Farms. The funding is part of Winich’s pre-Series A round.

Nigerian mobility fintech Moove is seeking to raise $300 million in equity funding, a move that could elevate its valuation beyond $1 billion, positioning it among Africa’s unicorn startups.

CrossBoundary Access and ANKA have entered into a $20 million agreement to set up and manage a series of solar-powered mini-grids in Madagascar.

Zero Carbon Charge, a South African startup specializing in off-grid, solar-powered electric vehicle (EV) charging stations, has received a R100 million (approximately US$5.6 million) equity investment from the Development Bank of Southern Africa (DBSA).

Nigerian safety footwear manufacturer Yikodeen has secured a $1.5 million investment from Aruwa Capital Management to enhance its production capabilities and broaden its market reach.

Kera Health Platforms, a Senegal-based health technology startup, has secured a $10 million equity investment from the International Finance Corporation (IFC), a member of the World Bank Group.

South African agri-tech startup Nile has secured $11.3 million in funding to expand its operations across Southern Africa.