Category: New Investments

Gather Ventures, a firm founded by Kenyan-born Jo Opot, has launched a climate-focused investment fund aimed at supporting women-led startups across Africa. The fund is financially supported by Rihanna’s Clara Lionel Foundation.

Flend, a financial technology company focused on small and medium-sized enterprise (SME) lending, has secured $3 million in seed funding through a combination of equity and debt financing.

The African Development Bank (AfDB) has committed $40 million in equity investment to Project Zafiri, a new initiative aimed at expanding access to renewable energy in Africa.

Moroccan startup ORA Technologies has raised $7.5 million in its Series A funding round.

A new company has been established to assist small and medium-sized enterprises (SMEs) in Zambia in securing long-term funding.

Rwazi, an African-founded artificial intelligence startup focused on market intelligence, has closed a $12 million Series A funding round.

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.