Author: Fred Kennedy

Tanzanian agritech startup MazaoHub has secured US$2 million in an oversubscribed pre-seed round to accelerate its mission of transforming smallholder farming through a blend of artificial intelligence and hands-on agronomy.

South African private equity firm Sanari Capital has invested $14.4 million in telematics and fleet management company Ctrack, joined by $9 million from long-time partner 27four Investment Managers.

Amethis, through its pan-African Amethis Fund III, has taken a minority stake in BH Holding, a Moroccan agribusiness group specializing in the packing and export of premium fruits.

Kredete, a fast-rising fintech founded just two years ago, has raised $22 million in Series A funding to accelerate its global expansion and deepen its credit-building infrastructure for African immigrants.

Norwegian development financier Norfund has approved a loan to the Mohinani Group to strengthen its recycled polyethylene terephthalate (rPET) operations in Ghana and Nigeria, in a move designed to scale up sustainable packaging solutions across the region.

Kessner Capital Management has launched its first Africa-focused private credit fund to provide growth capital for small and mid-sized businesses across the continent.

Nucleon Security, a cybersecurity firm founded in 2019, has successfully secured €3 million (about US$3.5 million) in seed‐stage funding.