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Category: New Investments
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South Africa’s Plentify Raises Series A to Take Its Smart Energy Tech Global
South African climate-technology firm Plentify has successfully closed a Series A funding round, adding new momentum to its mission of smarter home energy management as it sets its sights on international markets.
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Morocco’s Chari Secures Investment From DisrupTech Ventures to Expand Community-Level Financial Services
Cairo-based early-stage fintech venture capital firm DisrupTech Ventures has made a strategic investment into Moroccan fintech startup Chari, marking its first deployment in Morocco and only its second investment in Africa outside of Egypt.
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Sahara Impact Ventures Backs Ghana’s Wahu Mobility to Accelerate Electric Transport Shift
Ghana’s electric mobility sector has received a fresh boost as Sahara Impact Ventures confirmed a new investment in Wahu Mobility, a home-grown e-mobility startup working to replace petrol-powered transport across African cities.
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IFC Plans Up to $15 Million Backing for Catalyst’s New MENA Climate Fund
The International Finance Corporation (IFC) has announced that it is considering an equity injection of up to $15 million into the newly launched Catalyst MENA Climate Fund II, a climate-focused investment vehicle managed by Catalyst Investment Management.
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South Africa’s Mulilo Secures $75 Million from Norfund to Accelerate Renewable Energy Expansion
South African renewable energy company Mulilo Energy Holdings has secured a major investment of $75 million from the Norwegian development finance institution Norfund.
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IFC Extends $10 Million Loan to Lula to Expand Financing for South Africa’s Small Businesses
The International Finance Corporation (IFC) has extended a local-currency loan of ZAR 170 million (roughly US$10 million) to South African digital lender Lula Lend (Pty) Ltd, in a move designed to bolster working-capital access for the country’s micro, small and medium-sized enterprises (MSMEs).
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Inspired Evolution Leads $60 Million Funding to Create One of Southern Africa’s Largest Commercial Solar Platforms
A $30 million stake by the climate-investing firm Inspired Evolution into the newly consolidated solar business Sedgeley Solar Group (SSG) marks a key milestone in the company’s growth in Southern Africa.
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Tunisian Startup WildyNess Secures Pre-Seed Funding to Expand Its Sustainable Travel Marketplace Across North Africa
Tunisian-based travel-tech startup WildyNess has successfully closed a pre-seed funding round, marking a significant milestone for North Africa’s tourism technology landscape.
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Ventures Platform Raises $64 Million in First Close of $75 Million Pan-African Fund II
African seed-stage investor Ventures Platform has announced that the first close of its second institutional vehicle, VP Pan‑African Fund II, has reached US $64 million, with a target of reaching US $75 million at final close.