Category: Key developments

Raxio Group has increased its committed capital to more than $380 million after existing shareholders Meridiam and Roha injected additional equity to support the company’s next phase of expansion across Africa.

Africa’s food and agribusiness market is projected to reach $1 trillion by 2030, positioning the sector among the continent’s largest long-term economic opportunities.

Nigeria’s Bank of Industry (BOI) has appointed Kuramo Capital Management as fund manager for the $170.6 million DICE Fund of Funds.

Nairobi-based venture capital firm Novastar Ventures has partnered with Google to launch an Applied AI Lab that will give African startups and researchers access to advanced artificial intelligence technology, technical expertise, funding opportunities, and venture support.

Pan-African venture capital firm Launch Africa Ventures has made its first cash distribution to investors in its Launch Africa Seed Fund I, returning approximately $2.5 million, equivalent to about 7% of paid-in capital.

Africa’s startup ecosystem recorded a modest recovery in May 2026, with 37 companies raising a combined $135 million through equity, debt, and grant financing.

British International Investment (BII), the United Kingdom’s development finance institution and impact investor, has launched a new investment strategy for Egypt, reaffirming its long-term commitment to one of its largest markets in Africa, following nearly $1.3 billion in investments in the country since 2012.

The European Union has committed €37 million ($42.8 million) to extend the Blue-Raman submarine cable into East Africa, a move expected to strengthen internet connectivity, reduce bandwidth costs and support the region’s growing digital economy.

More than $3 billion in new financing commitments have been secured to support climate action and sustainable development projects across the Congo Basin, one of the world’s most important ecological regions.